Edtech startup Bamboo Learning raises cash from ex-Amazon VPs and new ‘Day One Syndicate’

Bamboo Learning CEO Ian Freed. (Bamboo Learning Photo)

The information: Bamboo Learning, which makes apps to assist children study math and studying, launched its first iOS app and raised extra cash.

The gist: Bamboo says that is the primary Ok-5 studying software out there for iPads and iPhones that mixes voice recognition and contact. The iOS app is targeted on studying comprehension and is free, with a $3.99/month subscription improve for entry to extra content material. The 5-person firm beforehand supplied voice-based apps for Amazon’s Alexa units.

The founders: Bamboo is led by CEO Ian Freed, a former know-how adviser for Amazon CEO Jeff Bezos who spent greater than 12 years at Amazon and beforehand seven years at RealNetworks. He co-founded Bamboo with Irina Fine, an training business vet.

The buyers: Bamboo raised extra funding from enterprise capital companies and former Amazon executives. It additionally landed cash from the Day One Syndicate, which goals to put money into startups led by individuals who labored at Amazon. The syndicate launched in June and consists of practically 300 early-stage buyers which have collectively invested greater than $400,000. Total funding to this point for Bamboo is north of $2 million.

Last phrase: Edtech has been a sizzling sector amid the pandemic and shift to distant studying, with report quantities of funding each in 2020 and 2021. Bamboo is using that wave and its growth to the iPhone and iPad ought to gasoline development. Freed additionally stated the corporate is in talks with districts and colleges about utilizing Bamboo with their college students.


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