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Desire2Learn Scores $85 Million in Second Funding Round

Desire2Learn Inc., a Canadian education-technology startup, raised $85 million in its second round of funding and plans to use the proceeds to develop its cloud-based learning software and speed international expansion.

Columbus Nova Technology Partners, Graham Holdings Co., Four Rivers Group and Aurion Capital Management Inc. contributed to the round, which was led by an unnamed institutional asset manager, Desire2Learn said in a statement. It’s the second fundraising for the company, based in BlackBerry Ltd.’s hometown of Kitchener-Waterloo, Ontario, after raising $80 million in 2012.