Heussner, K.M. (2012) As ed tech heats up, Desire2Learn raises $80 million in its first VC round, Pentahobigdata.com Gigaom, September 4
A bit of catching up – a blog post I missed in September. Just to update an earlier post, The money pours in to fund online learning start-ups – while the public system starves, Desire2Learn, a fast-growing LMS company based in Waterloo, Ontario, Canada, received an injection of $80 million in September from two venture capital companies, New Education Associates (NEA), based in Silicon Valley, but also from OMERS, the investment arm of the Ontario Municipal Employees Retirement System.
So, to put the record straight, at least one Canadian venture capital company is investing in online learning in Canada. NEA is an investor in Coursera also.
With the new funding, Desire2Learn plans to accelerate global expansion and research and development, including learning analytics.