Last Friday Instructure celebrated its long-awaited IPO. The market bid the LMS provider a rather warm welcome, closing around 8% up in afternoon trading that day. CEO Josh Coates stated that there was a huge renaissance in education technology.
Schoology, a LMS for K-12 and higher education, has raised a $32 million Series D led by JMI Equity with participation from existing investors FirstMark Capital, Intel Capital, and Great Road Holdings. The company has raised a total of $57 million.
Founded in 2009, Schoology is used in more than 130 countries, reaching over 12 million users. In the past year Schoology added over 400 enterprise customers, surpassing 1000 institutions in K-12 and higher education.
Instructure filed a S-1 form with the Securities and Exchange Commission, aiming for a $75 million IPO.
Founded in 2008, Instructure has raised close to $80 million in venture capital including a $40 million Series E in February. The two main products are the Canvas LMS for K-12 and Higher Education, and Bridge which targets corporate clients.
Skilljar, a LMS for customer training, raised a $2.6 million Seed round led by Triology Equity Partners with participation from existing angel investors.
Founded in 2013, Skilljar has over 30 enterprise customers and trains thousands of users per month through its LMS.