Instructure

company

About

Instructure is a learning technology company and the creator of the Canvas learning management system for K-12 and higher education.

Details

Last Funding Type
Series D
Last Funding Money Raised
$30M
Industries
Cloud Management,EdTech,Education,Information Technology,SaaS
Founded date
May 1, 2008
Number Of Employee
501 - 1000
Operating Status
Active
Stock Symbol
nyse:INST
Legal Name
Instructure, Inc.
Also Known As
Bridge

Instructure is a technology company that is focused on providing cloud-based learning management software for educational institutions, companies and other organizations. Founded in 2008 by two computer science graduate students, Instructure set out to disrupt the complex legacy learning management system industry by creating Canvas - a simple, yet powerful software system that sets a new standard for open technology in education.

Instructure’s Canvas Network has offered more than 300 courses from 150 institutional partners to date and was designed using feedback from instructional design groups at several universities including USC, UNLV, Berkeley, etc. A heavy emphasis was put on usability, with an effort to streamline the most common use cases for a learning management system. Canvas offers integration with other web services and provides simplified tools for grading and assessment.

Instructure also works closely with Unizin, a new consortium led by four major institutions, including Indiana University, Colorado State University, University of Florida and University of Michigan. This consortium uses Canvas as its foundational platform for improving student outcomes.

Instructure Inc. is based in Salt Lake City, Utah where the software is developed and supported on the east bench of the Wasatch Mountains.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$339.10M
Instructure has raised a total of $339.10M in funding over 2 rounds. Their latest funding was raised on Jul 22, 2021 from a IPO round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 22, 2021 IPO $250M Detail
Feb 19, 2015 Series E $40M 4 Insight Partners Detail
Jun 5, 2013 Series D $30M 3 Bessemer Venture Partners Detail
Aug 17, 2012 Series C $10M Detail
Apr 15, 2011 Series B $8M 4 EPIC Ventures
OpenView
TomorrowVentures
Detail

Investors

Number of Lead Investors
Number of Investors
5
7
Instructure is funded by 7 investors. Insight Partners and Bessemer Venture Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Insight Partners Yes Series E
Bessemer Venture Partners Series E
EPIC Ventures Series E
OpenView Series E
TomorrowVentures Series D
Draper Associates Series B
Josh Coates Series A

Employee Profiles

Number of Employee Profiles
26
Instructure has 26 current employee profiles, including Executive Benjamin Berte
Executive
Employee
Executive
Employee
Employee

Acquisition

Instructure has acquired 8 organizations. Their most recent acquisition was Practice on Nov 28, 2017. They acquired Practice for 0.

Date Company Name
Industry Acquisition Type Price
Nov 28, 2017 Practice
Corporate Training acquisition Detail
Feb 19, 2019 Portfolium
College Recruiting acquisition Detail
Apr 2, 2019 MasteryConnect
E-Learning acquisition Detail
Dec 10, 2020 Certica Solutions
E-Learning acquisition Detail
Jul 1, 2021 EesySoft
Education acquisition Detail