[caption id="attachment_55700" align="alignleft" width="150"] Instructure reached $50 million in funding.[/caption]

Instructure, developer of the popular learning management system Canvas, announced Wednesday that it raised $30 million in what may be the company’s last round of funding before going public.

San Francisco area venture capital firm Bessemer Venture Partners led the round, bringing Instructure’s total funding to $50 million.

Misty Frost, vice president of marketing at Instructure, said that the funds will be used to continue the growth of colleges, universities and school districts adopting Canvas as well as improving and increasing Instructure’s presence in the...

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