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Desire2Learn raises $85 million for global e-learning push: ReutersKitchener-Waterloo's Desire2Learn Inc said on Thursday it raised $85 million in venture capital funds, Canada's biggest such deal this year, as the fast-growing owner of educational software maker looks to ramp up its overseas expansion, Reuters reported. Investors in its latest financing round included Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group and Aurion Capital. The deal follows an earlier $80 million round in 2012, co-led by New Enterprise Associates and OMERS Ventures, which both also contributed this time around.
D2L racks up $85 mln Series BD2L, a Canadian educational tech company, has raised $85 million in Series B funding. The investors included Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group, Aurion Capital, New Enterprise Associates, OMERS Ventures and Silicon Valley Bank.
Private membership airline Surf Air flies away with $73 mlnSanta Monica, Calif-based Surf Air, an all-you-can-fly membership airline, has received $73 million in funding.
- D2L raises $85 mln in Series B funding from VC group
Educational technology company D2L Inc. has closed an $85 million Series B funding round led by a large institutional investor. Other investors participating in the funding round include Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group, Aurion Capital and existing investors New Enterprise Associates and OMERS Ventures. Silicon Valley Bank provided debt financing. D2L has raised a total of $165 million.
- NEA leads $10 mln Series B funding round in Luminal
New Enterprise Associates has led a $10 million Series B funding round in software startup Luminal, which develops products for operation and maintenance of cloud-based systems. Previous investors participating in the funding round include Core Capital and the Maryland Venture Fund. Luminal has raised a total of $13.8 million to date.
- CIT GAP Funds backs CargoSense
CargoSense has received an undisclosed investment from CIT GAP Funds. Based in Reston, Virginia, CargoSense is a big data and analytics SaaS firm.
Uninspiring Hawaii venture portfolio sticks to repeat managers: VCJThe Employees’ Retirement System of the State of Hawaii has been a tepid investor in venture capital, affiliate magazine Venture Capital Journal reports.
- CIT Gap Funds invests in PhosImmune
PhosImmune has received an undisclosed investment from CIT Gap Funds. Based in Charlottesville, Virginia, PhosImmune is a biotech firm developing cancer vaccines.
Fund performance: Uninspiring Hawaii venture portfolio sticks to repeat managersState pension sees solid returns from Canaan, Battery, NEA funds
- Casper snags $13.1 mln Series A
New York City-based mattress maker Casper has secured $13.1 million in Series A funding. New Enterprise Associates led the round with participation from other investors that included SV Angel, A-Grade Investments, Slow Ventures, Consigliere Brand Capital, Silas Capital, Cendana Capital, Lerer Hippeau Ventures, Norwest Venture Partners and Crosslink Capital. In addition to the funding, Tony Florence of NEA and Ben Lerer of Lerer Hippeau Ventures have been added to the firm's board of directors.