Instructure Raises $40M in Series E Funding

instructureInstructure, a Salt Lake City, UT-based creator of the Canvas learning management system, raised $40m in a Series E round of funding.

The pre-IPO round, which brought total venture backing to approximately $90m, was led by Insight Venture Partners with participation from Bessemer Venture Partners and EPIC Ventures.

The investment will finance the growth in the higher education and K-12 markets with its flagship product, Canvas, and the launch of Bridge, a cloud-based corporate learning and engagement platform.

Led by Josh Coates, CEO, Instructure Instructure provides the cloud-based Canvas learning management system (LMS), which now connects more than 18 million teachers and learners at over 1,200 higher ed and K-12 institutions throughout the world; and Bridge, a learning and engagement platform that enables organizations of every kind to engage with employees by measuring and improving employee sentiment, alignment, and knowledge in real time.



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