Techno-News Blog

June 11, 2013

With $30M led by Bessemer, education startup Instructure eyes IPO

Filed under: Uncategorized — admin @ 12:15 am

by Ki Mae Heussner, GigaOM

Education startup Instructure has raised $30 million in a Series D round led by Bessemer Venture Partners and including Eric Schmidt’s TomorrowVentures, EPIC Ventures and OpenView Partners. Instructure, an education startup set on knocking learning management system (LMS) Blackboard off its throne, has raised $30 million in a Series D financing round meant to help the company move closer to an eventual public offering. The startup, which has previously raised about $20 million in venture financing, said the round included existing investors EPIC Ventures, OpenView Partners and TomorrowVentures, but was led by Bessemer Venture Partners – a firm chosen for its cachet, as well as its IPO expertise. “That’s where we’re headed,” said CEO Josh Coates. “We are here to be a permanent, standalone company

http://gigaom.com/2013/06/05/with-30m-led-by-bessemer-education-startup-instructure-eyes-ipo/

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