Conshohocken-Based Learning App on Cusp of Breakout
Byndr, a Conshohocken-based learning management application, has raised $300,000, writes Dan Norton of the Philadelphia Business Journal.
Byndr recently graduated from the University of Pennsylvania’s ed-tech incubator, EDSi, which invested a value of $50,000 in the startup in exchange for somewhere between six to eight percent equity. It also won $20,000 in the Milken-Penn GSE education competition for best product in higher education.
“We believed strongly in their proposition,” said Bobbi Kurshan, Penn’s Graduate School of Education’s executive director of academic innovation. “We get strong companies every year. This year, [Byndr] was one of the top companies in this cohort.”
EDSi offers a year’s worth of consulting and access to its network and office space after one of its members graduates from the incubator.
“They were really good at addressing big problems,” Kurshan said. “They offered mobile solutions that students seem to want today.”
Furthermore, Byndr’s team developed the app so it could be used in emerging economies where most people access the Internet exclusively from smartphones.
The app is free to download for students, but it appears to be only compatible with Android devices for now.
Byndr allows teachers to post and manage assignments, tally attendance, enter grades, and lead discussions. Students can likewise interact with instructors by keeping up with tasks on a class calendar and monitoring course activity on a live feed.
Byndr represents co-founder Joe Freed’s first foray into ed-tech. He is a Penn State graduate.
Click here to read more coverage in the Philadelphia Business Journal.
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