Instructure Holdings, which provides a learning management platform, filed on Monday with the SEC to raise up to $100 million.
Instructure states that it provides a next-generation Learning Management System (LMS), assessments for learning, actionable analytics, and dynamic content. The company's platform is cloud-native, built on open technologies, and scalable across thousands of institutions and tens of millions of users worldwide. It states that it is the LMS market share leader in both Higher Education and paid K-12, with over 6,000 global customers across 90 countries.
The Salt Lake City, UT-based company was founded in 2008 and booked $325 million in revenue for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol INST. Morgan Stanley, J.P. Morgan, Citi, Jefferies, and Macquarie Capital are the joint bookrunners on the deal. No pricing terms were disclosed.
