Ed-tech is on fire! Desire2Learn, a startup that has bootstrapped for over a decade, has raised its first round of venture capital funding from New Enterprise Associates (NEA) and OMERS Ventures, the venture arm of one of Canada’s largest pension fund managers.
The startup hails from Waterloo, Ontario, the birthplace of Research In Motion (RIM). With this announcement, the region is hitting the headlines for far more than its gadgets -- according to Thompson Reuters, this is the largest ever investment in a Canadian software company.
