Canadian EdTech Market Moves: Quantius Invests USD 2.2 Million In Lambda

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Canadian EdTech Market Moves: Quantius Invests USD 2.2 Million In Lambda
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Toronto-based “alternative lender” Quantius has announced its “non-dilutive” investment in Vancouver-headquartered Lambda Solutions, a 15-year old provider of e-learning solutions with expertise in Moodle, according to a recent press release.

According to the release, the reason for Quantius investment, as well as its purpose, is Lambda’s Zoola product for learning analytics and reporting. Early this year, Zoola Analytics was recognized in the 2016 Brandon Hall Group Excellence Awards with a Silver medal in the “Best Advance in Learning Management Measurement/Business Impact Tools” category.

With a “non-dilutive investment,” Quantius ensures that the percentage of ownership in Lambda gained with the investment remains the same when new investors come or if the company’s shares become publicly traded. No details on the exact percentage of ownership and resulting estimation on Lambda’s value by Quantius was revealed in the press release.

Lambda Solutions currently operates in Serbia, the United States, and Canada. It is not listed as an official Moodle Partner despite having been one in the past, as recently as 2015.

Press release “Lambda Solutions Obtains $2.2 Million Capital Investment from Quantius” is available at prweb.com.

Disclaimer: Lambda Solutions is a sponsor of MoodleNews.


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