SALT LAKE CITY, UT – Jan. 27, 2015 – Campus Founders Fund (CFF), a new venture capital fund run autonomously by university students, announced closing a deal with what will be its first portfolio company, Bettrnet, a behavior-based solution for healthy technology habits. The deal marks an important milestone on CFF’s path to build Utah’s student entrepreneur community, and on Bettrnet’s path to become parents’ choice software in reinforcing family culture through technology.
“Working with the Campus Founders was an incredibly beneficial process for Bettrnet,” says Troy Shields, co-founder of Bettrnet. “Not only did they give us $20,000 to help make our dream a reality, they also worked closely with us to understand our goals and how they could help us achieve them. We are extremely enthusiastic to be partnering with Campus Founders.”
“The team at Bettrnet is fantastic. They show their knowledge in the innovative ways they are bringing powerful enterprise level tools to meet the needs of regular users,” says Isaac Gustafson, a member of the CFF investment team. “They have some big plans and we are very excited to see where they go with the software.”
Bettrnet plans to release its parental control software to the public on April 30, 2015. It will include time allocation options for sites such as Netflix and Facebook, customizable alerts, and high-level reports.
About Campus Founders Fund
Campus Founders Fund (CFF) is a student-run VC fund focused on introducing college entrepreneurs to Utah’s startup and venture community. CFF offers funding up to $20,000 per startup in the form of a convertible note, introduces students to mentors such as top Utah CEOs, and provides peer-to-peer pitch feedback. For more information, please visit www.CampusFounders.com
Bettrnet is a behavior-based solution for establishing healthy technology habits with mobile devices. Bettrnet allows parents to define rules for the devices in their home, such as how long their children can use Snapchat everyday or what websites are allowed to be visited during Homework time. Children can be rewarded with screen-time tokens that allow them to budget free Internet time on their devices. Bettrnet allows families to have full access to the great aspects of technology without having to give up control. Learn more and sign up at bettrnet.com