Thursday, June 6, 2013
Instructure's New Funding Aims Company At IPO
The new, $30M funding this week of Instructure, the educational and learning management software firm headed by Josh Coates, is aimed at getting the company to the NASDAQ. Coates told multiple outlets yesterday that the firm hopes to reach an IPO with the funding, which came from Bessemer Venture Partners, EPIC Ventures, OpenView Partners, and TomorrowVentures. Coates last company, Mozy, was a big success, having been acquired by EMC in 2007.