# Instructure Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/instructure-holdings

- Industry: Software
- Headquarters: Salt Lake City, US
- Website: www.instructure.com
- Total disclosed funding: $91M
- Latest round: Series E (Nov 21, 2014)
- Investors on record: 5

## About

Instructure Holdings, Inc., based in the US, specializes in providing educational technology solutions that enhance teaching and learning across educational sectors through innovative platforms like Canvas and MasteryConnect.Founded in 2008 in Salt Lake City, US, Instructure Holdings, Inc. focuses on developing educational technology solutions. The company has undergone strategic pivots, including a recent transition from private to public ownership. Its latest funding round was a Public to Private Secondary Buyout in July 2021, raising USD 3,600 mn from investors such as Dragoneer Investment Group and KKR. The firm has completed a total of 10 deals, with its most recent deal date being July 21, 2021. The CEO of Instructure is Steve Daly, while CEng Ahmed Al Hashimi BSc is noted as one of its founders.Instructure primarily offers a suite of educational technology solutions designed to enhance teaching and learning across various educational sectors, including K–12, higher education, and professional organizations. Their flagship product, Canvas, is a Learning Management System (LMS) that streamlines course management, facilitates communication among teachers, students, and families, and provides tools for assessments and analytics. This platform enables educators to drive learning outcomes through data-informed insights and high-quality assessments. Additional products in their portfolio include MasteryConnect, which helps educators gauge student understanding and mastery, and Impact, a solution aimed at optimizing the adoption of educational technology. Instructure serves a diverse client base that includes school districts, colleges, universities, and businesses across North America, Europe, and the Asia Pacific region, addressing the instructional needs of millions of students and educators globally.Instructure generated revenue of USD 530.21 mn in 2023, with an EBITDA of USD 145.72 mn. The company primarily earns revenue through subscription models associated with its products and services, entering into annual agreements with educational institutions and organizations for access to the Canvas LMS and other offerings. This pricing structure accommodates a wide range of clients, ensuring accessibility to their educational technologies. Instructure also engages in partnerships that enhance its service offerings, contributing to its revenue through additional integrations and support services, emphasizing long-term relationships with clients.Instructure plans to leverage its recent funding from the IPO in July 2021, where it raised USD 250 mn by selling 12.5 million shares at USD 20 per share on the New York Stock Exchange. The company is focused on launching new products designed to enhance its educational offerings, although specific release dates have not been disclosed. Additionally, there is a strategy for expanding into new international markets to increase its global footprint, particularly targeting regions in Europe and the Asia Pacific, with the aim of scaling operations by 2024. This funding will be utilized to support these initiatives and drive further innovation in its product lineup.

## Funding rounds

- Series E, Nov 21, 2014, $40M — EPIC Ventures, Insight Partners, Bessemer Venture Partners, OpenView
- Series D, May 13, 2013, $30M — EPIC Ventures, Bessemer Venture Partners, OpenView, TomorrowVentures
- Series C, Aug 17, 2012, $10M — EPIC Ventures, OpenView
- Series B, Apr 5, 2011, $8.5M — EPIC Ventures, OpenView, TomorrowVentures
- Series A, Mar 1, 2010, $1.1M — EPIC Ventures
- Seed, Jan 29, 2010, $1M — EPIC Ventures

## Investors

- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Seed, Series A, Series B, Series C, Series D, Series E
- OpenView (https://capitalatlas.ai/funds/openview) — Series B, Series C, Series D, Series E
- TomorrowVentures (https://capitalatlas.ai/funds/tomorrowventures) — Series B, Series D
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series D, Series E
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series E