The Series B funding arrives as D2L completed a year of record growth in the higher education, K-12 and corporate markets, along with significant international expansion. It also comes on the heels of the company's recent FUSION conference, at which it announced the latest updates to Brightspace, D2L's integrated learning platform, along with key partnerships with dozens of companies, including Microsoft and IBM.
"D2L is committed to helping clients address the biggest challenges facing education and workforce development. By developing solutions that improve learner achievement, increase retention rates and inspire greater engagement, we're empowering our customers to help learners reach their full potential," said
D2L will use the investment to extend its position as a market leader. The company recently unveiled significant updates to its cloud-based integrated learning platform and launched several new technologies to improve education, including: a predictive modelling and data visualization engine to help instructors keep learners on track for success, an innovative adaptive learning engine to personalize learning paths, a new eTextbook platform with expanded publisher partnerships and a new game-based learning engine. This investment will help the company continue to develop technology that makes learning more perceptive and personalized, and will assist in global expansion.
"The education industry is undergoing a technology renaissance unlocked by cloud computing, digital content, mobile devices and big data analytics," said
"Technological innovation in the educational field represents one of the biggest opportunities unfolding around the globe. It has become a competitive necessity and is no longer an option. D2L continues to distinguish itself as the market leader in this important shift," said
A global leader in EdTech, D2L is the creator of Brightspace, the world's first integrated learning platform. The company partners with thought-leading organizations to improve learning through data-driven technology that helps deliver a personalized experience to every learner, regardless of geography or ability. D2L's open and extensible platform is used by more than 1,100 clients and 15 million learners in higher education, K-12, healthcare, government, and the enterprise sector including Fortune 1000 companies. The company has operations in
The D2L family of companies includes
FOR FURTHER INFORMATION PLEASE CONTACT:
PRESS CONTACTS Allison StokesPublic Relations Manager Desire2Learn Incorporated647-501-6037 Allison.Stokes@D2L.com, Twitter: @D2LNews Brian Merrillfama PR for D2L 617-986-5005 D2L@famapr.com Source: Desire2Learn Inc.