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Incubator/Accelerator
e-designstudio.com

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Investments

2

Portfolio Exits

1

About Education Design Studio

The Education Design Studio Inc. (EDSi) is a hybrid seed fund accelerator created in collaboration with the Graduate School of Education (GSE) at the University of Pennsylvania. EDSi supports early-stage education ventures from around the world by providing financial support and systematically applying business tools and frameworks through the EDSi Fellows Program. The EDSi Program facilitates entry into a uniquely powerful education innovation ecosystem consisting of thought leaders, corporate sponsors, teachers, investors and practitioners from all aspects of education. This ecosystem helps entrepreneurs to jumpstart their vision, service, or product in ways that greatly increase their chances of long-term success.

Education Design Studio Headquarter Location

100 W. Oxford Street E1500

Philadelphia, Pennsylvania, 19122,

United States

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Latest Education Design Studio News

Mobile-first Learning Management Platform Byndr Raises $700K in its Seed Round of Funding

Oct 26, 2016

Ventures, Anupam Mittal, Kunal Shah & Others Hyderabad-based mobile learning management platform Byndr has raised $700,000 in seed funding from the Education Design Studio (premier Ed-tech accelerator at the University of Pennsylvania), Ben Franklin Technology Partners, and a group of angel investors. The firm will utilize these 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. Since its launch in March of 2015, Byndr has grown rapidly and is now used by more than 50 top colleges in India and has a total installed base of over 50,000 students on its platform. The founding team (Joseph Freed, Praveen Vangeepuram and Marc Garabedian in Philadelphia and Satish Nampally and Prashanthi Vangeepuram in Hyderabad) noticed that in many emerging markets students in higher education had limited access to educational resources that were mobile-based, and a majority of students were not connected to their colleges on any online platform. Byndr was incepted to plug this gap to become a single point of access for students in higher education to connect to their college and to educational resources. The app is now being used by 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. Commenting on raising the seed round of funds, Joseph Freed, Co-founder & CEO said, “In 2017 it is projected that 80% of the internet users in India will be mobile. So the only way to truly create a single point of access for students in mobile-dependent markets like India is with a mobile-first product. With Byndr, students stay engaged and connected to educational resources outside the classroom, enabling the concept of anytime and anywhere learning with a fast and light platform. This round of funding will allow us to accelerate expansion and continue providing easy-to- use, and mobile-first products for all stakeholders in higher education.” Bobbi Kurshan, Executive Director of Academic Innovations at The University of Pennsylvania GSE, and Chairman of the Education Design Studio, which participated in this round, said, “Byndr is changing the LMS model. It is creating a solution for emerging economies with lack of persistent internet, lower cost points and need for a lightweight solution. The new funding will be used to support and continue to grow the excellent team and to help expand the impact of this unique mobile solution across India and other emerging edtech ecosystems. Share this article: Tags assigned to this article:

Education Design Studio Investments

2 Investments

Education Design Studio has made 2 investments. Their latest investment was in Byndr as part of their Seed on July 7, 2016.

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Education Design Studio Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/27/2016

Seed

Byndr

$0.7M

Yes

13

7/24/2015

Seed VC

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$99M

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10

Date

7/27/2016

7/24/2015

Round

Seed

Seed VC

Company

Byndr

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Amount

$0.7M

$99M

New?

Yes

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Co-Investors

Sources

13

10

Education Design Studio Portfolio Exits

1 Portfolio Exit

Education Design Studio has 1 portfolio exit. Their latest portfolio exit was Practice XYZ on November 29, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/29/2017

Acquired

1

Date

11/29/2017

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

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