Edtech startup Byndr raises $700K

Byndr, an edtech company based in Hyderabad, India, and Conshohocken, Pa., raised $700,000 from Ben Franklin Technology Partners, the University of Pennsylvania’s Education Design Studio, and a group of private angel investors.
The raise, announced on Friday, will go toward expanding the company’s sales and development team, as the organization aims to offer more educational content to students and more perks for the institutions that use it.
“This seed round will not only help us grow our user base, but also enable us to continue iterating our product to make it more useful to our students, teachers and colleges,” said cofounder and CTO Praveen Vangeepuram.
The platform launched in March 2015 as a joint venture. Here’s how the platform works: