Instructure Preps for IPO

INSTRUCTURE: Reuters reports that Salt Lake City-based Instructure, which offers the learning management system Canvas for both higher ed and K-12, is gearing up to launch in the public markets. 

Reuters says that the IPO could value the company at $500 million to $800 million. Instructure has raised approximately $90 million in venture investing. Investors include: Bessemer Venture Partners, OpenView Venture Partners, Insight Venture Partners and EPIC Ventures. 

Instructure says that Canvas is used by more than 1,400 educational institutions. These include K-12 schools in Washington and North Carolina, 77 districts inTexas and schools outside the US such as the University of Auckland.

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