Byndr, a Philadelphia, PA-based mobile-first learning management platform, raised $700k in seed funding.
Backers included the Education Design Studio (Ed-tech accelerator at the University of Pennsylvania), Ben Franklin Technology Partners, and a group of angel investors.
The company intends to use the funds to expand its sales and development team and grow the product scope in terms of giving more access to educational content for students and providing more administrative features for colleges.
Launched in March of 2015 by Joseph Freed, Praveen Vangeepuram and Marc Garabedian in Philadelphia and Satish Nampally and Prashanthi Vangeepuram in Hyderabad, Byndr provides a learning management platform that allows colleges to collaborate with their students, administer their coursework, and connect their students to the educational resources they need. It is currently used by over 50,000 students in higher education and colleges ranging from small set-ups to those amongst the 100 most prestigious institutions and universities in India, including Osmania College of Engineering and Chaitanya Bharathi Institute of Technology.