Wednesday, September 5, 2012

Online Education Platform Desire2Learn Raises Massive $80M Round From NEA & OMERS Ventures

desire-to-learn-logoDesire2Learn, a Canadian online education startup that offers an increasingly popular cloud learning platform for higher education, K-12 and Fortune 1000 companies, just announced that it has raised a $80 million Series A round led by New Enterprise Associates (NEA) and OMERS Ventures. The company, which is based in RIM's hometown of Waterloo, Ontario, says that it plans to use this investment to bolster its customer service and cloud infrastructure, support global growth and to accelerate the development of its platform. Today's $80 million financing marks the first time the company has taken an outside investment and is actually the largest-ever VC investment in a Canadian software company.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/TmBNLwwiZ8U/

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