Instructure Valued at $554M after Latest Financing Round
February 23, 2015
Instructure, a learning management software provider, has announced a $40 million Series E financing which values the company at $554 million and brings its total funding to roughly $90 million. The capital will be used to launch Bridge, a cloud-based corporate learning and engagement platform. The new valuation is more than double what Instructure generated in its previous funding, a $30 million Series D raised in late 2013. The company's other software, Canvas, is used by 18 million students and teachers at over 1,200 universities, colleges and K-12 school districts.