D

D2L

Subscription-based online learning platform for education

Overview

Brightspace LMS by D2L is a cloud-based learning management system for K-12, higher education, and corporate training. It runs on a subscription model where institutions pay recurring fees for core tools like course management, assessments, performance tracking, and student engagement, with optional add-ons. The platform enables teachers to create and manage courses while learners access materials, complete assignments, and receive feedback in one centralized system. D2L differentiates itself with a large global user base, multi-sector support, and ongoing updates and support to help customers succeed, with a goal of improving learning outcomes through a reliable, adaptable digital education platform.

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About D2L

Simplify's Rating
Why D2L is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareEducation

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Kitchener, Canada

Founded

1999

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Simplify's Take

What believers are saying

  • Second-quarter fiscal 2027 ARR hit $223.4 million on July 31, 2026, up 5%.
  • Ex-K-12 ARR grew 10% year over year, showing core higher-ed and corporate strength.
  • Free cash flow reached $28.5 million and cash was $106.4 million, with no debt.

What critics are saying

  • U.S. K-12 churn cut Q2 revenue growth to 2%, and management expects normalization after Q3.
  • Canvas, Blackboard, Moodle, and Google Classroom squeeze pricing during district and university renewals.
  • If AI copilots commoditize LMS workflows by 2027, Brightspace becomes a feature, not a moat.

What makes D2L unique

  • Brightspace spans higher education, K-12, corporate learning, and continuing education with API-first integrations.
  • September 2026 Lumi Assistant embeds responsible AI inside Brightspace, requiring explicit human approval.
  • UNSW, uOttawa, and JGU renewed long-term contracts in September 2026, validating platform stickiness.

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Funding

Total Funding

$318.5M

Above

Industry Average

Funded Over

4 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison Coming Soon

Benefits

  • Flexible Work Hours
  • Tuition Reimbursement
  • Paid Vacation
  • Mental Health Support
  • 401(k) Retirement Plan
  • Paid Volunteer Days
  • Phone/Internet Stipend
  • Wellness Program

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Business News This Week
Sep 30th, 2026
D2L Connection: New Delhi brings together higher education leaders to explore the future of learning in India.

D2L Connection: New Delhi brings together higher education leaders to explore the future of learning in India. New Delhi, September 30: D2L a global leader in learning technology, brought together higher education leaders, educators, and innovators from across India at the D2L Connection: New Delhi event. Discussion explored the changing higher education landscape, role of technology in shaping more engaging, flexible and future-ready learning experiences, ensuring students are job-ready, supporting faculty, demonstrating quality, and strengthening the global competitiveness of institutions. Held on September 24 at the Shangri-La Eros New Delhi, the event brought together 100+ attendees across the higher education ecosystem to exchange perspectives on artificial intelligence, digital transformation, online and blended learning, accreditation readiness, learner engagement and institutional competitiveness. It also included sessions highlighting how institutions are using technology like D2L Brightspace to support their academic and strategic priorities across campus and online learning environments. Of particular interest was how institutions are moving beyond technology adoption towards building connected learning ecosystems that respond to evolving learner needs, empower educators, and support stronger academic and institutional outcomes. Discover more Business News Magazine Media Outreach Services Artificial intelligence and digital transformation emerged as key areas of discussion, with academic and technology leaders exploring how institutions can move from experimentation to practical and responsible applications of AI. Conversations focused on the importance of preparing faculty, supporting critical thinking, strengthening assessment practices and helping students develop the adaptability and skills required for a changing world. Accreditation readiness was another important theme, with leaders discussing how institutions can move beyond periodic evidence collection and embed continuous quality improvement into everyday teaching and learning practices. Digital learning environments can help institutions connect curriculum delivery, assessment, learner engagement and outcomes, while improving visibility and supporting more informed institutional decision-making. The event also examined the continued growth of online and blended learning in India and how institutions are using technology to scale learning, support faculty and create more consistent and engaging experiences for learners across different academic models. One of the key highlights of the event was the Learner Experience Session, where a student shared firsthand how D2L Brightspace supported their higher education journey. It brought the learner perspective to the center of the conversation and reinforced the importance of measuring digital transformation by its impact on learner engagement, confidence, progress, and success. "The conversations at the event have given us a great deal to reflect on, but the dialogue should not stop here. As the higher education landscape continues to evolve, it is important that we continue these conversations and explore how we can collectively shape what comes next," said Vivek Iyer, Managing Director, India, D2L. The event concluded with a focus on continued dialogue and collaboration across the higher education ecosystem. Participants were encouraged to keep exploring new approaches to learning and technology as institutions respond to changing learner expectations, evolving workforce needs, and the growing importance of global competitiveness. D2L Connection: New Delhi builds on D2L's continued commitment to supporting Indian institutions across campus, online and blended learning - enabling institutions to create personalised learning experiences, empower educators, support learners, and scale high-quality education across diverse academic environments.

PR Newswire
Sep 29th, 2026
D2L launches Lumi Assistant beta to streamline administrative tasks for educators with AI

D2L has launched a beta version of D2L Lumi Assistant, an AI-enhanced tool designed to help educators and course administrators streamline administrative and instructional workflows. The assistant, integrated within D2L Brightspace, provides a conversational interface to simplify complex tasks such as reviewing learner information, updating courses, and supporting bulk updates. The tool requires explicit user approval before completing actions, keeping humans in control. D2L is showcasing the technology at EDUCAUSE 2026 in Denver. "The real promise of AI in education is not the technology itself, but what it makes possible for the people who use it," said Dr Cristi Ford, chief learning officer at D2L. The company aims to create more space for educators to connect meaningfully with learners whilst improving operational efficiency.

TMCnet
Sep 29th, 2026
New D2L Lumi Assistant Beta Helps Simplify Complex Administrative and Instructional Workflows

New D2L Lumi Assistant Beta Helps Simplify Complex Administrative and Instructional Workflows TMCnet News [September 29, 2026] | / | New D2L Lumi Assistant Beta Helps Simplify Complex Administrative and Instructional Workflows Latest AI-enhanced experience is designed to reduce friction and create more space for meaningful teaching and learning moments DENVER, Sept. 29, 2026 /PRNewswire/ - D2L, a global leader in learning innovation, announced the beta availability of D2L Lumi Assistant, a new AI-enhanced experience designed to help educators and course administrators navigate complex administrative and instructional workflows more efficiently. At EDUCAUSE 2026, D2L is set to showcase how thoughtful AI can reduce friction and create more space for the human interactions that make learning meaningful. Integrated directly within D2L Brightspace, D2L Lumi Assistant is a beta AI-enhanced experience that provides a conversational interface designed to simplify complex, multi-step tasks. It helps educators and course administrators review learner information and identify opportunities for additional support, update and audit courses, answer common operational questions, and support bulk updates and cross-course reviews. D2L Lumi Assistant is designed to help educators work more efficiently while keeping humans in control by requiring explicit approval before an action is completed. "The real promise of AI in education is not the technology itself, but what it makes possible for the people who use it," said Dr. Cristi Ford, Chief Learning Officer at D2L. "WhenAI removes friction, it can create more space for educators to connect with learners and provide meaningful feedback, while giving learners more agency and support to engage deeply in their learning. With D2L Lumi Assistant, we're putting that belief into practice - designing AI around the people at the heart of learning and the outcomes they're working to achieve." Dr. Cristi Ford is bringing this perspective to EDUCAUSE 2026, in the session Ask the Experts: Tailoring AI Strategy to Your Institutional Mission. The interactive session will explore how higher education leaders can align AI initiatives to learning outcomes, develop right-sized governance frameworks and navigate ethical considerations to guide responsible AI adoption at their institutions. Attendees will be invited to bring their questions and leave with actionable insights to guide responsible AI adoption. Dr. Cristi Ford is scheduled to moderate the panel Context Matters: Designing AI Strategy for Mission-Driven Institutions, which will explore how institutions can develop AI strategies that reflect their unique missions, priorities and communities. Learn more about how D2L is helping organizations use AI to transform teaching and learning. About D2L D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses. X: @D2L (C) 2026 D2L Corporation. The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS. All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners. View original content to download multimedia:https://www.prnewswire.com/news-releases/new-d2l-lumi-assistant-beta-helps-simplify-complex-administrative-and-instructional-workflows-302892981.html SOURCE D2L Corporation [ Back To TMCnet.com's Homepage] |

PR Newswire
Sep 24th, 2026
Jindal Global University expands agreement with D2L to accelerate learning innovation and help scale growth.

Jindal Global University expands agreement with D2L to accelerate learning innovation and help scale growth. 24 Sep, 2026, 08:00 IST An Institute of Eminence in India renews D2L Brightspace for 10-years to deliver personalised experiences and help scale growth to reach 30,000+ learners NEW DELHI, Sept. 23, 2026 /PRNewswire/ - D2L, a global leader in learning technology, today announced that Jindal Global University (JGU), one of India's premier Institutions of Eminence, has renewed and expanded its agreement with D2L for the next 10 years. Under the expanded agreement, JGU will extend its use of D2L Brightspace beyond online courses to support learning across all online and in-person programmes for more than 16,000 learners and over 1,100 faculty members. The expansion will support JGU's Vision 2030 by creating a more connected, learner-centric and outcome-driven learning ecosystem. As the university enters its next phase of growth, D2L Brightspace will serve as its core learning platform, bringing in-person and online learning onto a unified solution. "Jindal Global University's decision to adopt D2L Brightspace across its online and campus learning programmes reflect the growing role of technology in shaping the future of higher education in India," said Lee Poteck, Chief Revenue Officer, D2L. "The partnership brings together JGU's ambition for globally scalable, learner-centric education with D2L's expertise in creating engaging and outcome-driven learning experiences. We are proud to deepen our partnership with JGU and support its impressive Vision 2030 journey." D2L and JGU have worked together for the past year, initially supporting the university's online learning programmes. Over the next 10 years, D2L will help JGU establish a long-term digital foundation across the university as they scale for global growth to try and reach more than 30,000 learners by 2036 and support a more unified experience for learners and educators. "As JGU continues to scale as an Institution of Eminence, consistency and rigour across our online and in-person programmes are central to how we think about growth," said Professor Padmanabha Ramanujam, Dean, Office of Academic Governance at JGU. "Extending D2L Brightspace university-wide gives us a reliable platform to uphold our academic standards, track learning outcomes, and ensure every student receives an equally high-quality education, regardless of the mode of study. In an era increasingly shaped by AI, this partnership strengthens our ability to build stronger teaching and learning outcomes and forms the foundation for our ambitions ahead." In addition to D2L Brightspace, JGU will leverage several D2L solutions including D2L Creator+ and D2L Performance+ to advance its online and blended learning strategy. These tools will support richer course creation, personalized learning, data-driven insights and more effective engagement with learners. Together, JGU will deliver a more seamless experience for students and educators while supporting greater flexibility, engagement and scale. About Jindal Global University O.P. Jindal Global University (JGU) is a non-profit, multi-disciplinary, research-oriented university founded in 2009, with 16,000+ students, 1,100+ full-time faculty, and 2,900+ administrative staff across twelve schools spanning Law, Business & Management, International Affairs, Public Policy, Liberal Arts & Humanities, and more. Recognised as an Institution of Eminence by the Ministry of Education, Government of India in 2020, JGU brings together faculty from 50+ countries and students from 160+ countries, with collaborations spanning 600+ institutions in 80+ countries. JGU was ranked Number 1 in the world and awarded 'Gold' by the Times Higher Education (THE) Online Learning Rankings 2024, and has been ranked India's Number 1 Private University for three consecutive years by the QS World University Rankings 2023. The Jindal Global Law School has held its No. 1 rank in India for seven consecutive years and is ranked among the Top 35 globally for Law by the QS World University Rankings by Subject 2026. The Jindal Global Business School (JGBS) featured for the first time in the QS Global MBA Rankings 2027, ranking among the Top 200 Business Schools in the World (171-180 globally, 23rd in Asia, and Number 1 Private Business School in India), and earned AACSB International Accreditation in 2025 - a distinction held by only 6% of business schools worldwide. D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging, and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses. D2L Media Contact [email protected] X:@D2L (C) 2026 D2L Corporation. The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS. All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners.

Yahoo Finance
Sep 9th, 2026
D2L reports $223.4M ARR, up 5% as AI product Lumi surpasses $5M ARR amid K-12 churn impact

D2L Inc. reported second quarter fiscal 2027 financial results for the period ended 31 July 2026. The Canadian learning technology company posted subscription and support revenue of US$50.9 million, up 2% year-over-year, impacted by previously disclosed US K-12 customer churn. Annual Recurring Revenue reached US$223.4 million, up 5% year-over-year. Excluding the K-12 market, ARR grew approximately 10% year-over-year, marking the fourth consecutive quarter of double-digit growth in core markets. Adjusted EBITDA was US$6.5 million, down from US$7.5 million in the prior year. The company generated US$28.5 million in free cash flow, nearly double the US$15.2 million from the same period last year. D2L completed significant share buyback activity, repurchasing approximately 2 million subordinate voting shares during the quarter. The company maintained a strong balance sheet with US$106.4 million in cash and no debt.

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