Edtech startup Byndr raises $700K - Technical.ly Philly

Growth

Aug. 2, 2016 12:19 pm

Edtech startup Byndr raises $700K

The mobile learning platform is reportedly used by 50,000 students at 50 higher-ed institutions.
The Byndr platform on iOS.

The Byndr platform on iOS.

(Courtesy photo)

Technical.ly's Editorial Calendar explores a different topic each month. The August 2016 topic is edtech. See edtech coverage from all five of our East Coast markets here.
Correction: Byndr is used at 50 higher-ed institutions, not 100, as was reported in an earlier version of this story. (8/2/16, 1:17 p.m.)

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:

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!