PORTFOLIO ADDITION: Instructure, the publicly-traded, Salt Lake City-based company best known for its Canvas learning management system, has acquired Portfolium. The transaction is worth around $43 million, of which $25.8 million was paid in cash and the rest in stock, according to Instructure’s financial filing.
Founded in 2014, Portfolium offers digital portfolios where learners can showcase their projects, skills and credentials to potential employers. The San Diego, Calif.-based startup claims it has served more than 4.6 million students and alumni across more than 3,600 K-20 institutions in 18 countries. Portfolium has raised $7.8 million in venture funding.
The companies have worked together since 2016, when Portfolium and Instructure launched an integration that allowed students to share information from their respective profiles across the two services.
