D2L raises $85 M in funding

August 20, 2014

Canadian education software provider D2L (formerly Desire2Learn) has announced that its latest fundraising round has garnered $85 M in financing. In a blog post, D2L CEO John Baker said that the new funding will fuel the company’s growth and enable it to expand its focus to areas including productivity, learner achievement and satisfaction, improved retention and graduation rates, and greater engagement. Baker also said that the funding will enable the Kitchener-based firm to more quickly expand its services globally. “We hope we will expand dramatically here in North America, but at the same time we are seeing at times triple-digit growth in some of the countries that we are working with internationally,” he said. “I feel what lies ahead is even more exciting as we bring to market some of the next-generation stuff around game-based learning.” D2L Blog | Financial Post