Canada · Series B startup

Who invested in D2L

2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Funding summaryUpdated 26 Oct 2026

$165Mraised across 2 rounds since 2012, from 2 sources

$80MSeries A$85MSeries B
Latest round
Series B, $85MAug 2014
Investors
6
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20132014
$80MSeries A$85MSeries B
First round
Series A, $80M
Sept 2012
Biggest round
$85M
Series B · Aug 2014
Between rounds
23 months
from the last two

The rounds

  1. Aug 2014
    Series B$85M4 new2 returning

    From a historical funding record

  2. Sept 2012
    Series A$80M2 new

    Reported by techcrunch.comSEC filing: $25M sold, first sale Aug 2012

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Omers VenturesVC firm2rounds
Four Rivers GroupVC firm1round
CNTPInvestment firm1round
Graham HoldingsVC firm1round
Aurion CapitalGrowth equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists D2L as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

UCeed Haskayne Student FundInvestment firmPer its own site

Quick answers about D2L

Who invested in D2L?

D2L's investors include New Enterprise Associates, Omers Ventures, Four Rivers Group, CNTP and Graham Holdings, and 1 more on record.

How much has D2L raised?

D2L has raised $165M across 2 rounds since 2012.

When did D2L last raise?

D2L's most recent round was a Series B of $85M in Aug 2014.

What was D2L's biggest round?

Its most recent round, $85M in Aug 2014, is also its largest on record.

Who backed D2L first?

D2L's first round on record, in Sept 2012, was backed by New Enterprise Associates and Omers Ventures.

What stage is D2L at?

D2L's latest named round is a Series B, in Aug 2014.

Where is D2L based?

D2L is based in Canada.

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