Blackboard's Investors

• AOL (2000)

• Actua Corporation (2000)

• At Ventures (2000)

• BancBoston Ventures (2000)

• Boston Millennia Partners ()

• Carlyle Global Partners (2001)

• Chase Capital Partners (2000)

• Dell (2000)

• Kestrel Venture Management (2000)

• Merrill Lynch (2000)

• Microsoft (2001)

• Netinvest (2000)

• Novak Biddle Venture Partners (2001)

• Novak Biddle Venture Partners (2000)

• Pearson (2000)

• Providence Equity Partners (2011)

• The Aurora Funds (2000)

• The Carlyle Group (2000)