27 July 2016, India :
Mobile learning management platform Byndr has raised $700,000 in seed funding from Education Design Studio, Ben Franklin Technology Partners and a group of angel investors.
“We will utilise the proceeds to expand the sales and development team. This round of funding will allow us to accelerate expansion and continue providing easy-to- use and mobile-first products to all stakeholders in higher education,” said Joseph Freed, co-founder and CEO Byndr.
“Part of the funds will also be used in growing the product scope by providing more access to educational content for students and more administrative features for colleges.”
Byndr mostly focuses on technology, management, gaming and arts colleges. It functions like an administrative suite allowing colleges to share and manage assignments, mark attendance, grade students, design a timetable to keep track of assignments and exams, upload content and share course activity in a feed.
Byndr was launched in March 2015 by five co-founders—three Indians and two Americans. Its Android application is used by over 50 Indian colleges, such as Osmania University College of Engineering and Chaitanya Bharathi Institute of Technology, and has a total installed base of over 50,000 students on its platform.