New Enterprise Associates Joins $80M Round For Desire2Learn

9/5/12


Desire2Learn Inc., a Candian technology firm, said on Tuesday it has secured $80 million in venture funding that will be used to help strengthen its infrastructure and boost its growth prospects. The privately held company, a leading developer of online learning systems, is based in Ontario?s Kitchener-Waterloo area, just minutes away from the home of BlackBerry maker Research In Motion.


Desire2Learn said the backing comes from U.S. venture capital firm New Enterprise Associates and OMERS Ventures ? the venture capital arm of Ontario Municipal Employees Retirement System, one of Canada?s largest pension fund managers, Reuters reported.

Reuters article: http://www.pehub.com/164768/reuters-desire2learn-seals-80m-vc-backing/

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