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John Baker, the President and CEO of Desire2learn, photographed on June 17, 2011.
John Baker, the President and CEO of Desire2learn, photographed on June 17, 2011.
(Jennifer Roberts For The Globe and Mail)

Desire2Learn’s new funding round to fuel rapid growth

Desire2Learn Inc., one of Canada’s hottest technology growth companies, has raised another $85-million from venture capital investors to supports its quick expansion.

The new money from a Series B round of funding comes from new investors including Columbus Nova Technology Partners Graham Holdings as well as existing investors that include Toronto-based OMERS Ventures. It follows an $80-million Series A round in 2012.