Correspondent, Toronto, Canada
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Aug 14, 2014

Canada’s Desire2Learn raises $85 mln for global e-learning push

TORONTO, Aug 14 (Reuters) – Canada’s D2L Inc said on
Thursday it raised $85 million in venture capital funds, the
country’s biggest such deal this year, as the fast-growing owner
of educational software maker Desire2Learn looks to ramp up its
overseas expansion.

Already an established player in Internet-based learning in
North America, privately held Desire2Learn plans to spur its
global expansion efforts with the cash injection, one of the
five largest venture capital fund raises in Canada in the last
10 years, according to Thomson Reuters data.

Aug 13, 2014
    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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