About D2L
D2L is a company based in Kitchener (Canada) founded in 1999 by John Baker.. D2L has raised $243.82 million across 4 funding rounds from investors including SVB, Graham Holdings Co and Aurion Capital Management. The company has 1,000 employees as of January 31, 2024. D2L has completed 5 acquisitions, including Course Merchant, H5P and Knowillage. D2L offers products and services including Brightspace, D2L Lumi, D2L Creator+, and D2L Performance+. D2L operates in a competitive market with competitors including Degreed, Instructure, Docebo, CoachHub and Skillsoft, among others.
- Headquarter Kitchener, Canada
- Employees 1000 as on 31 Jan, 2024
- Founders John Baker
- Stage Public
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Sectors
TechnologyEducation
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name D2l, Inc.
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Annual Revenue
$196.63 M (USD)14.93as on Jan 31, 2024
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Net Profit
$24.64 M (USD)841.63as on Jan 31, 2024
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EBITDA
$13.47 M (USD)438.81as on Jan 31, 2024
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Total Equity Funding
$243.82 M (USD)
in 4 rounds
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Latest Funding Round
$77.72 M (USD), Series B
Aug 14, 2014
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Investors
SVB
& 6 more
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Employee Count
1000
as on Jan 31, 2024
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Investments & Acquisitions
Course Merchant
& 4 more
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IPO & Listings of D2L
D2L is a publicly listed company on the TSX with ticker symbol DTOL in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of D2L
D2L offers a comprehensive portfolio of products and services, including Brightspace, D2L Lumi, D2L Creator+, and D2L Performance+. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for personalized learning and content delivery
AI tool for efficient course creation and insights
Tool to build interactive content for engagement
Software for tracking learner data and decisions
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Leadership Team
15 people
Software Development Team
12 people
Product Management Team
5 people
Sales and Marketing
5 people
Data Analysis and Operations Team
4 people
Legal and Compliance
2 people
Human Resources and Administration
2 people
Operations Team
2 people
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Funding Insights of D2L
D2L has successfully raised a total of $243.82M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $77.72 million completed in August 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $77.7M
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First Round
First Round
(04 Sep 2012)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2014 | Amount | Debt – Conventional - D2L | Valuation |
investors |
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| Aug, 2014 | Amount | Series B - D2L | Valuation | Columbus Nova Technology Partners , Graham Holdings Co |
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| Aug, 2014 | Amount | Series B - D2L | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in D2L
D2L has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Graham Holdings Co and Aurion Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Stage-agnostic tech-focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Tech focused expansion stage VC firm in the US
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by D2L
D2L has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Course Merchant, H5P and Knowillage. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Interactive content publishing systems are offered for creation and sharing.
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2014 | ||||
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Adaptive learning platform for personalized student pathways is offered.
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2011 | ||||
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Courses are sold, marketed, and managed on an online platform.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - D2L
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
D2l Comparisons
Competitors of D2L
D2L operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Degreed, Instructure, Docebo, CoachHub and Skillsoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based LMS platform tracks skills across industries.
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| domain | founded_year | HQ Location |
Cloud-based learning management systems are provided for educational courses.
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| domain | founded_year | HQ Location |
Cloud-based learning management system for corporate employee training is provided.
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| domain | founded_year | HQ Location |
Provider of online coaching and professional development solutions
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| domain | founded_year | HQ Location |
E-learning platforms are provided for professional skills and compliance training.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on D2l
Frequently Asked Questions about D2L
When was D2L founded?
D2L was founded in 1999 and raised its 1st funding round 13 years after it was founded.
Where is D2L located?
D2L is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Who is the current CEO of D2L?
John Baker is the current CEO of D2L. They have also founded this company.
Is D2L a funded company?
D2L is a funded company, having raised a total of $243.82M across 4 funding rounds to date. The company's 1st funding round was a Series B of $85M, raised on Sep 04, 2012.
How many employees does D2L have?
As of Jan 31, 2024, the latest employee count at D2L is 1,000.
What is the annual revenue of D2L?
Annual revenue of D2L is $196.63M as on Jan 31, 2024.
What does D2L do?
D2L was founded in 1999 in Kitchener, Canada, as a provider of learning management systems across education and corporate sectors. Virtual and professional learning solutions are offered, including tools for blended, virtual, and workplace training. Services encompass customer, employee, and partner development programs for organizations. Classroom learning management and corporate training tools are also supported through its product suite.
Who are the top competitors of D2L?
D2L's top competitors include Instructure, CoachHub and Docebo.
What products or services does D2L offer?
D2L offers Brightspace, D2L Lumi, D2L Creator+, and D2L Performance+.
Is D2L publicly traded?
Yes, D2L is publicly traded on TSX under the ticker symbol DTOL.
How many acquisitions has D2L made?
D2L has made 5 acquisitions, including Course Merchant, H5P, and Knowillage.
Who are D2L's investors?
D2L has 7 investors. Key investors include SVB, Graham Holdings Co, Aurion Capital Management, Columbus Nova Technology Partners, and Four Rivers Group.
What is D2L's ticker symbol?
The ticker symbol of D2L is DTOL on TSX.
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