About D2L
D2L is a publicly listed company based in Kitchener (Canada) founded in 1999 by John Baker. Learning management systems are provided for multiple sectors. It operates in the Technology and Education sectors. 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. D2L has completed 5 acquisitions, including Course Merchant, H5P and Knowillage. Its chief executive, as recorded, is John Baker. Its website d2l.com draws about 508 thousand monthly visits. D2L offers products and services including Brightspace, D2L Lumi, D2L Creator+, and D2L Performance+. Its focus areas include EdTech, Higher Education Tech, College IT and Learning Management System. Its legal entity is D2L Corporation.
Company details
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.
- Annual Revenue$223.9 M (USD)7.05as on Jan 31, 2026
- Net Profit$9.23 M (USD)-64.78as on Jan 31, 2026
- EBITDA$19.23 M (USD)34.19as on Jan 31, 2026
- Total Equity Funding$243.82M (USD)
in 4 rounds
- Latest Funding Round$77.72M (USD), Series B
Aug 2014
- InvestorsSVB
& 6 more
- Employee Count1,000
- Investments & AcquisitionsCourse Merchant
& 4 more
Products & Services of D2L
D2L offers a comprehensive portfolio of products and services, including Brightspace, D2L Lumi, D2L Creator+, and D2L Performance+.
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
Apps and channels of D2L
D2L publishes 1 mobile app with over 50K+ downloads; its YouTube channel D2L has 30.3K subscribers and 30 videos.
Videos from D2L
The most watched videos on D2L's YouTube channel, D2L (30.3K subscribers). Click a video to play it here.
More on D2L.
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 $243.82M
- Total Rounds 4
- Last Round Series B — $77.72M
- First Round $81.11M
(Sep 2012)
- Investors Count 7
All 4 funding rounds of D2L with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2014 | Debt – Conventional | – | – | ||
| Aug 2014 | $77.72M | Series B | – | Columbus Nova Technology Partners, Graham Holdings Co | – |
| Aug 2014 | $85M | Series B | – | – | |
| Sep 2012 | $81.11M | Series B | – | New Enterprise Associates, OMERS | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Stage-agnostic tech-focused VC firm investing in geographies such as the US | cntp.com | Menlo Park, United States | ||
Tech focused expansion stage VC firm in the US | fourriversgroup.com | San Francisco, United States | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Early-stage technology-driven companies are targeted for venture capital investments. | omersventures.com | Toronto, Canada | ||
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Diversified media broadcasting and educational services are operated. | 1877 | ghco.com | ||
Long/short investment strategies are followed by the hedge fund. | 1996 | aurion.ca | Toronto, Canada |
Investor details for D2L
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People of D2L
53 people are tracked at D2L (21 in leadership, 6 in board & advisors, 26 in team); the tracked headcount is 1,000.
| Name | Role | Group |
|---|---|---|
John Baker | Founder & CEO | Leadership |
Brendan Desetti | Sr. Director, Corporate Strategy, Markets | Leadership |
Puneet Arora | Chief Revenue Officer | Leadership |
Nick Oddson | Chief Technology Officer | Leadership |
Anna Forgione | Chief Legal Officer | Leadership |
Jeremy Auger | Chief Strategy Officer | Leadership |
Min Pan (Mason) | Director Of Engineering And Operations | Leadership |
Kuan-Yu Chu (朱冠宇) | Director Of Engineering | Leadership |
Hongyu Cui | Director Of Data Science | Leadership |
Hao Li | Chief Solution Architect & VP Services | Leadership |
Jun Zheng (Steven) | VP Customer Success | Leadership |
Eugene Tighe | Vice President Finance | Leadership |
Fang Yu | Co-founder And CPO | Leadership |
Steve Knopf | Vp, Product Strategy And Solutions Engineer, Ecommerce And Marketplace SME | Leadership |
Jeremy Chen | Senior Director Of Product Management | Leadership |
Jennifer Ogden-Reese | Chief Marketing Officer | Leadership |
Manik Rana | Director Of Demand Generation | Leadership |
Josh Huff | Chief Financial Officer | Leadership |
Rebecca Lu | Director Of Executive Operations | Leadership |
Caiwei Li | CTO | Leadership |
33 more people are available in the full profile.
Complete people profiles for D2L
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
- IPO date03 Nov 2021
- Listed onTSX: DTOL
- Listed entityD2L, Inc.
- Exchange sectorTechnology services
- ISINCA23344V1085
- Share price10.88 CAD (+4.72% on the day) · 2026-10-13
- Market capitalisation571,642,346.00 CAD
- Price to earnings307.3
- EPS (diluted, trailing year)0.04 CAD
- Volume (last session)76,411
Financials of D2L
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 302.8M CAD | 12.5M CAD | 26.0M CAD |
| 2024 | 282.9M CAD | 35.4M CAD | 19.4M CAD |
| 2023 | 246.1M CAD | -4.8M CAD | -5.7M CAD |
| 2022 | 220.3M CAD | -24.0M CAD | -15.3M CAD |
| 2021 | 190.3M CAD | -122.4M CAD | -86.1M CAD |
Detailed financial statements for D2L
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by D2L
D2L has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Course Merchant, H5P and Knowillage.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Interactive content publishing systems are offered for creation and sharing. | h5p.group | Tromso, Norway | 2014 | Jul 2024 | •••• | |
Courses are sold, marketed, and managed on an online platform. | coursemerchant.com | Thetford, United Kingdom | 2009 | May 2023 | •••• | |
Repository of educational standards | jesandco.org | New York, United States | 1988 | Mar 2014 | •••• | |
Adaptive learning platform for personalized student pathways is offered. | knowillage.com | Richmond, Canada | 2011 | Sep 2013 | •••• | |
Free Collaborative platform for students | wiggio.com | Boston, United States | 2008 | Mar 2013 | •••• |
Complete acquisition details for D2L
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Timeline of D2L
9 dated milestones of D2L across 25 years, from founding to its latest funding, stage changes and deals.
- Founded D2L is founded.
- Funding First funding round of $81.1M.
- Acquisition Acquires Wiggio.
- Acquisition Acquires Knowillage.
- Acquisition Acquires The Achievement Standard Network.
- Funding Latest funding round, Series B, of $77.7M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Course Merchant.
- Acquisition Acquires H5P.
Web traffic of D2L
The website of D2L (d2l.com) receives about 508.1K visits a month and ranks #144,820 among all websites worldwide, #9,328 in Education.
- Monthly visits508.1K
▲ 34.4% vs previous month
- Unique visitors194.3K
per month
- Global rank#144,820
among all websites
- Category rank#9,328
Science and Education · Education
- Bounce rate55%
- Pages per visit1.8
- Average visit1 min 13 sec
- DevicesDesktop 57% · Mobile 43%
Websites whose visitors overlap most with D2L. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
brightspace.com | brightspace.com | 100% | #1,233 | – | |
hcdsb.org | hcdsb.org | 98% | #150,023 | – | |
ocdsb.elearningontario.ca | ocdsb.elearningontario.ca | 82% | – | ||
zerogpt.com | zerogpt.com | 80% | #3,389 | – | |
| elearningindustry.com | 78% | #125,845 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for D2L
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Related news about D2l
Complete news archive for D2L
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Frequently Asked Questions about D2L
D2L was founded in 1999 and raised its 1st funding round 13 years after it was founded.
D2L is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
John Baker is the CEO of D2L, as recorded in our data. They have also founded this 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 $81.11M, raised on Sep 2012.
D2L has 1,000 employees.
Annual revenue of D2L is $223.9M as on Jan 31, 2026.
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.
D2L offers Brightspace, D2L Lumi, D2L Creator+, and D2L Performance+.
Yes, D2L is publicly traded on TSX under the ticker symbol DTOL.
D2L has made 5 acquisitions, including Course Merchant, H5P, and Knowillage.
D2L has 7 investors. Key investors include SVB, Graham Holdings Co, Aurion Capital Management, Columbus Nova Technology Partners, and Four Rivers Group.
D2L operates through D2l Corporation.