- IPO / Stock
- Went Public on Nov 16, 2015 / NYSE:INST
- Total Equity Funding
- $79.1M in 4 Rounds from 7 Investors
- Salt Lake City, Utah
- Instructure is a learning technology company and the creator of the Canvas learning management system (LMS) for K-12 and higher education.
- Brian Whitmer, Devlin Daley
- Education, EdTech, Cloud Management, Enterprise Software
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.
In September 2013 the company partnered with AMC and the University of California, Irvine to provide an unprecedented MOOC that used popular television show “The Walking Dead” as its primary textbook. This course had 65,000 enrollees worldwide.
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.
As of December 2014, Instructure and its 500+ employees serviced 14 million teachers and students at more than 1,000 institutions worldwide with Canvas. In May 2014, Instructure launched Canvas Catalog, a white-label platform that enables any institution, government entity, university or K-12 school to create a branded index of online courses. Instructure also recently introduced a new platform called Canvas Commons, a learning object repository that integrates into the Canvas LMS environment.
Because learning doesn’t end after graduation, Instructure also offers Bridge, the modern learning and engagement platform that enables organizations of every kind to engage with employees by measuring and improving employee sentiment, alignment and knowledge in real time.
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 (4) - $79.1MUpdate
|Bessemer Venture Partners||Series D (Lead)|
|EPIC Ventures||Series A|
|Series B (Lead)|
|Insight Venture Partners||Series E (Lead)||-|
|Josh Coates||Series A||-|
|OpenView||Series B (Lead)|
|Tim Draper||Series B||-|
|TomorrowVentures||Series B (Lead)||-|
Current Team (14)Update
|Aug 15, 2016||Business Wire - Technavio Announces Top Three Emerging Trends Impacting the Learning Management System (Academic and Corporate) Market in the US Through 2020|
|Jul 26, 2016||Business Wire - MasteryConnect Announces Integration with Canvas Learning Management System|
|Jul 19, 2016||Business Wire - Barnes & Noble Education and Instructure Announce Partnership|
|Jul 11, 2016||Business Wire - Technavio Announces Top Four Emerging Trends Impacting the LMS Market in the US Until 2020|
|Jul 6, 2016||Business Wire - Education Tech Startup Dashboard 2015-2016 - Research and Markets|
|Jun 30, 2016||Boston Tech Flash - New investor joins lineup for next week's Pitch event|
|Jun 1, 2016||PRWeb Sitemap - Campus Technology Announces 2016 Innovators Award Honorees|
|May 17, 2016||Venture Capital Database - The Graduates: Ed Tech Startup Exits Fall From Peak 2014 Levels|
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6330 South 3000 East
Salt Lake City, Utah 84121