Desire2Learn rakes in $85M in latest funding round
- Learning management system provider Desire2Learn announced an $85 million round of venture capital funding on Thursday, which the company says it will use to expand its reach worldwide.
- The funding round is the largest in Canada this year, and one of the five largest in that country in the past decade.
- Desire2Learn has seen a 40% boost in its workforce in the past two years and its Brightspace platform, which serves over 15 million students, has over 900 integrated applications, but CEO John Baker says there are no plans to go public any time soon.
Another thing the company isn't planning anytime soon: acquisitions. The company did, however, buy the Achievement Standards Network, which has over 400,000 educational standards for curriculum, in March. Desire2Learn currently has over 800 employees and Baker says the company is continuing its focus on growth and R&D as it works to further expand globally.
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