Instructure, a Salt Lake City, UT-based provider of a learning management system (LMS), raised $30m in Series D funding.
The round was led by Bessemer Venture Partners (BVP) with participation from existing investors EPIC Ventures, OpenView Venture Partners and Tomorrow Ventures. In conjunction with the funding, BVP partner Byron Deeter joined Instructure’s board of directors.
The company intends to use the funds to increase adoption of Canvas among colleges, universities, K-12 school districts and expand its role in the Massive Open Online Course (MOOC) movement.
Led by Josh Coates, CEO, Instructure offers Canvas, an enterprise-level, cloud-native software platform that teachers and students use to manage every aspect of the learning experience for in-person and online courses, including posting and submitting assignments, private and group communication and integrating with popular apps and social media channels.
In November 2012, the company launched Canvas Network, which allows Instructure customers to make their courses open to the public and to experiment with a variety of class sizes and teaching styles.
Instructure is hiring (read here).
FinSMEs
06/06/2013
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