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Instructure

OverviewSuggest Edit

Instructure is a technology company providing cloud-based learning management software for educational institutions, companies, and other organizations. It develops Canvas, a learning management application for the education market, and Bridge for the corporate market. The company aims to enable its customers to develop, deliver, and manage face-to-face and online learning experiences.

TypePrivate
Founded2008
HQSalt Lake City, UT, USMap
Websiteinstructure.com
Employee Ratings3.4More
Overall CultureA-More
View Jobs (67)

Recent NewsAll News

Latest Updates

Employees (est.) (Jul 2021)1,202
Job Openings67
Revenue (FY, 2019)$258.5 M(+24%)
Share Price (Mar 2020)$49
Cybersecurity ratingCMore

Key People/Management at Instructure

Steve Daly

Steve Daly

Chief Executive Officer
Matt Kaminer

Matt Kaminer

Chief Legal Officer
Dale Bowen

Dale Bowen

Chief Financial Officer
Mitch Benson

Mitch Benson

Chief Product Officer
Jeff Weber

Jeff Weber

EVP, People & Places
Chris Benwell

Chris Benwell

SVP, Canvas Sales
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Instructure Office Locations

Instructure has offices in Salt Lake City, Sydney, São Paulo, Hong Kong and in 2 other locations
Salt Lake City, UT, US (HQ)
6330 S 3000 E #700
Sydney, AU
Level 19, One Wharf Lane, 171 Sussex St
São Paulo, BR
Av. Brg. Faria Lima, 1336 - 112Pinheiros - Jardim Paulistano
Hong Kong, HK
14 Tai Koo Wan Rd, Quarry Bay
Budapest, HU
Balatoni út 2/a 8.em
London, GB
New Penderel, House 4th Flr, 283, 288 High Holborn, Holborn
Show all (6)

Instructure Financials and Metrics

Summary Metrics

Founding Date

2008

Instructure total Funding

$89.6 m

Instructure latest funding size

$10 m

Time since last funding

6 years ago

Instructure investors

Insight Venture Partners, Bessemer Venture Partners, OpenView Venture Partners, Tim Draper, EPIC Ventures, TomorrowVentures, Josh Coates, Thoma Bravo
Instructure's latest funding round in February 2015 was reported to be $10 m. In total, Instructure has raised $89.6 m
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Instructure Revenue

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View revenue for all periods
Instructure's revenue was reported to be $258.47 m in FY, 2019
USD

Revenue (FY, 2019)

258.5m

Gross profit (FY, 2019)

175.6m

Gross profit margin (FY, 2019), %

68%

Net income (FY, 2019)

(80.8m)

EBIT (FY, 2019)

(86.0m)

Cash (31-Dec-2019)

101.2m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

110.9m158.8m209.5m258.5m

Revenue growth, %

51%43%32%

Cost of goods sold

32.7m46.4m61.8m82.8m

Gross profit

78.1m112.4m147.7m175.6m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

23.3m25.9m30.1m34.0m38.0m42.9m48.0m50.1m55.2m58.1m62.9m68.3m

Cost of goods sold

7.3m7.6m8.6m9.6m11.0m12.5m14.0m14.6m16.1m18.2m20.4m21.3m

Gross profit

16.0m18.3m21.5m24.4m27.1m30.5m34.0m35.5m39.1m39.9m42.4m47.0m

Gross profit Margin, %

68%71%71%72%71%71%71%71%71%69%67%69%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

44.5m35.7m94.3m101.2m

Accounts Receivable

6.8m30.8m35.5m38.0m

Prepaid Expenses

11.5m13.9m9.8m

Inventories

8.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

69.7m62.0m59.0m28.3m25.7m58.7m136.7m68.0m111.0m49.3m28.7m122.2m

Accounts Receivable

6.9m41.3m23.1m12.8m73.0m35.5m25.5m93.8m47.5m26.7m109.2m41.7m

Prepaid Expenses

4.9m5.0m4.6m11.0m7.7m6.9m9.5m10.1m11.1m28.6m24.3m14.3m

Current Assets

82.1m108.9m111.4m62.9m107.3m110.1m180.4m230.5m240.0m156.8m196.0m199.9m
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(53.6m)(49.8m)(43.5m)(80.8m)

Depreciation and Amortization

4.0m6.8m11.5m20.0m

Inventories

(592.0k)

Accounts Payable

4.1m740.0k(2.8m)13.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(13.7m)(28.3m)(40.6m)(12.7m)(25.7m)(38.1m)(11.9m)(24.4m)(35.9m)(16.1m)(36.9m)(57.8m)

Depreciation and Amortization

989.0k2.1m3.1m1.4m3.0m4.7m2.8m5.6m8.6m3.5m8.8m14.5m

Accounts Payable

515.0k1.7m4.3m(1.5m)2.2m8.2m2.1m3.0m10.2m3.1m10.6m8.9m

Cash From Operating Activities

(18.8m)(28.4m)(6.7m)(27.7m)(39.6m)3.9m(12.3m)(34.4m)20.3m(36.2m)(50.6m)31.6m
show all
USDQ1, 2016

Revenue/Employee

28.7k

Financial Leverage

2.9 x
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Instructure Operating Metrics

Instructure's Backlog was reported to be $284m in FY, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017Mar, 2018

Backlog

$113 m$152 m$213 m$284 m

Corporate and Institutional Clients

1.8 k2 k3 k3 k

Countries

35406065
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Instructure Revenue Breakdown

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Instructure revenue breakdown by geographic segment: 85.7% from United States and 14.3% from Foreign

Instructure Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

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Instructure Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Instructure Online and Social Media Presence

Instructure's Trends

Embed Graph

Instructure Company Culture

  • Overall Culture

    A-

    76/100

  • CEO Rating

    A+

    81/100

  • Compensation

    B+

    78/100

  • Diversity

    A-

    81/100

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Instructure News and Updates

July 27, 2021

Alabama Community Colleges System and Instructure Expand Canvas Relationship

SALT LAKE CITY, July 27, 2021 /PRNewswire/ -- Instructure today announced that Alabama Community College System (ACCS) has extended its relationship, selecting Canvas LMS for twelve of its colleges for three more years. In addition to using Canvas to deliver a rich, engaging student...
July 22, 2021

Instructure Announces Pricing of Initial Public Offering

SALT LAKE CITY, July 21, 2021 /PRNewswire/ -- Instructure Holdings, Inc. (Instructure) today announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a price to the public of $20.00. In addition, Instructure has granted the underwriters a 30-day...
July 14, 2021

Instructure Launches New Edtech Collective Program for its Community of 500+ Global Partners

SALT LAKE CITY, July 14, 2021 /PRNewswire/ -- Today, Instructure announced the Edtech Collective, a community of innovative companies and educators working together using a leading learning platform to create an open and extensible ecosystem. Over the last decade, Instructure has become...
July 13, 2021

Instructure IPO terms to value education software company at nearly $3 billion

Instructure Holdings Inc. has set terms of its initial public offering, in which the Utah-based education software company is looking to raise up to $262.5 million and be valued at up to $2.91 billion. The company said it is offering 12.5 million shares in the IPO, which is expected to price betwee…
February 08, 2021

Instructure Announces Immersive Reader Available Free to Canvas Users

SALT LAKE CITY, Feb. 8, 2021 /PRNewswire/ -- Today at the 15th Global Education Partner Summit (GEPS), Instructure announced that Immersive Reader, a Microsoft Learning Tool, is now generally available within the Canvas Learning Management System. The feature is free to all Canvas...
December 17, 2020

Instructure and Partners Urge Biden/Harris Administration to Address Ongoing Issues Impacting Nation's Education System

SALT LAKE CITY, Dec. 17, 2020 /PRNewswire/ --Today, Instructure announced it has been joined by Concentric Sky, Nearpod, Unicon, and Zoom in urging the incoming Biden administration to secure sufficient education funding, achieve education equity, and address ongoing issues impacting our...
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Instructure Blogs

March 11, 2021

Winners Announced: The Canvas Space Programme

Winners Announced: The Canvas Space Programme nelson.martinez Thu, 03/11/2021 - 12:06
March 11, 2021

EDUCAUSE Reboots Popular Blended-Learning MOOC with Partners Instructure, University of Central Florida

EDUCAUSE Reboots Popular Blended-Learning MOOC with Partners Instructure, University of Central Florida nelson.martinez Thu, 03/11/2021 - 12:04
March 11, 2021

Instructure Secures $40 Million in a Pre-IPO Series E Round

Instructure Secures $40 Million in a Pre-IPO Series E Round nelson.martinez Thu, 03/11/2021 - 12:00
March 11, 2021

Instructure Takes on Education Reform with Free Online Courses

Instructure Takes on Education Reform with Free Online Courses nelson.martinez Thu, 03/11/2021 - 11:57
March 11, 2021

Instructure and Pearson Join Forces to Integrate Learning Management with Student Information System

Instructure and Pearson Join Forces to Integrate Learning Management with Student Information System nelson.martinez Thu, 03/11/2021 - 11:53
March 11, 2021

Study Shows Managers Value Attributes Over Skills When Hiring Entry-Level Employees

Study Shows Managers Value Attributes Over Skills When Hiring Entry-Level Employees nelson.martinez Thu, 03/11/2021 - 11:51
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 Instructure Frequently Asked Questions

  • When was Instructure founded?

    Instructure was founded in 2008.

  • Who are Instructure key executives?

    Instructure's key executives are Steve Daly, Matt Kaminer and Dale Bowen.

  • How many employees does Instructure have?

    Instructure has 1,202 employees.

  • What is Instructure revenue?

    Latest Instructure annual revenue is $258.5 m.

  • What is Instructure revenue per employee?

    Latest Instructure revenue per employee is $215 k.

  • Who are Instructure competitors?

    Competitors of Instructure include D2L, Pluralsight and SkillSoft.

  • Where is Instructure headquarters?

    Instructure headquarters is located at 6330 S 3000 E #700, Salt Lake City.

  • Where are Instructure offices?

    Instructure has offices in Salt Lake City, Sydney, São Paulo, Hong Kong and in 2 other locations.

  • How many offices does Instructure have?

    Instructure has 6 offices.