NEA and OMERS Ventures Inject Desire2Learn with $80M Infusion
September 05, 2012
Desire2Learn, provider of a cloud-based learning platform for higher education, K-12, healthcare, government and the corporate sector, has closed on its first round of venture capital—a behemoth $80 million round from New Enterprise Associate and OMERS Ventures. The capital infusion will help the software company with global expansion, along with bolstering its customer service and cloud infrastructure. One of Desire2Learn's major competitors is PE-backed Blackboard, which was taken private by Providence Equity Partners for $1.64 billion in October 2011.