What is D2L?
Founded in 1999 and headquartered in Ontario, Canada, D2L provides a comprehensive suite of cloud-based software designed for online and blended learning environments. Its platform serves educational institutions from K-12 to higher education, as well as businesses seeking to enhance their employee training and development programs. D2L's commitment to innovation in digital learning has positioned it as a key player in the rapidly evolving EdTech landscape.
How much funding has D2L raised?
D2L has raised a total of $340M across 4 funding rounds:
Private Equity
$25M
Series A
$80M
Series B
$85M
Stock Offering
$150M
Private Equity (2012): $25M, investors not publicly disclosed
Series A (2012): $80M led by OMERS Ventures and New Enterprise Associates
Series B (2014): $85M supported by Aurion Capital, Four Rivers Group, OMERS Ventures, Columbus Nova Technology Partners, New Enterprise Associates, and Graham Holdings
Stock Issuance/Offering (2021): $150M, investors not publicly disclosed
Key Investors in D2L
Aurion Capital
Aurion Capital is a venture capital and private equity firm known for its investments in growing companies.
OMERS Ventures
OMERS Ventures is an investment group that provides pension plans for employees, indicating a focus on stable, long-term growth investments.
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm established in 1977, focused on empowering entrepreneurs to build transformative businesses.
What's next for D2L?
The recent major strategic investment signals D2L's readiness for its next phase of expansion and product development. This capital infusion is expected to fuel further innovation in its learning platform, enhance its global reach, and potentially support strategic acquisitions. As the demand for flexible and effective online learning solutions continues to surge, D2L is well-positioned to capitalize on market opportunities and solidify its leadership in the digital education space.
See full D2L company page
