Online Learning Solution Provider Desire2Learn Secures $80 In Venture Funding

Desire2Learn Incorporated, a provider cloud-based learning solutions for higher education, K-12 and Fortune 1000 companies, announced some big news this morning as they have secured $80 million from New Enterprise Associates (NEA) and OMERS Ventures. The investment will be used to help the company’s customer service and cloud infrastructure, support global growth, and accelerate its development of industry-leading education technologies.

“The need for quality education has never been stronger than right now,” said John Baker, President and CEO, Desire2Learn. “That demand, along with technology serving as a catalyst for change, is transforming education from the traditional classroom experience into a highly personalized, lifelong learning movement. From kindergarten to the corporate environment, Desire2Learn is committed to developing the new technologies that will not only increase the quality of education, but also make it available to everyone. This significant round of funding provides us with additional resources to address new markets, while maintaining our position as an independent, client-centric business focused on innovation.”

Desire2Learn currently has more than 700 clients and 8 million learners in higher education, K-12 and the corporate sector, Desire2Learn has proven its platform across some of the world’s largest statewide and countrywide deployments of learning technology solutions.

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