Who Owns Canvas LMS?
Updated onExplore the ownership hierarchy of Canvas LMS. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Canvas LMS
Canvas LMS is Instructure's cloud-based learning management system accessed via canvas.instructure.com for creating, delivering, and managing online courses for educators and students.
Starts at $0 / user
Instructure
Instructure is a U.S.-based educational technology company that develops the Canvas learning management system and a broader ecosystem of assessment and credentialing tools for schools, universities, and organizations.
KKR & Co. Inc.
KKR & Co. Inc. is a leading global investment firm providing private equity, credit, infrastructure, real estate, capital markets, and insurance solutions to institutional and other large-scale investors worldwide.
Canvas LMS
Canvas LMS is Instructure's cloud-based learning management system accessed via canvas.instructure.com for creating, delivering, and managing online courses for educators and students.
Starts at $0 / user
Instructure
Instructure is a U.S.-based educational technology company that develops the Canvas learning management system and a broader ecosystem of assessment and credentialing tools for schools, universities, and organizations.
KKR & Co. Inc.
KKR & Co. Inc. is a leading global investment firm providing private equity, credit, infrastructure, real estate, capital markets, and insurance solutions to institutional and other large-scale investors worldwide.
Major Shareholders
Instructure
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Investment funds managed by KKR (including KKR North America Fund XIII SCSp) Lead shareholder and controlling investor following the November 13, 2024 take‑private transaction, after which Instructure Holdings, Inc. became a wholly owned subsidiary of Icon Parent Inc., an acquisition vehicle affiliated with KKR and its North America Fund XIII. | Institutional | — | Nov 2024 |
Dragoneer Investment Group, LLC (and affiliated investment funds) Minority equity co‑investor alongside KKR in the approximately $4.8 billion all‑cash acquisition that took Instructure private in 2024; identified in transaction announcements as a participating investor in the buyer consortium. | Institutional | — | Nov 2024 |
KKR & Co. Inc.
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
George R. Roberts Co‑founder and co‑executive chairman of KKR; beneficial owner of roughly 88 million KKR shares (~10.0% of outstanding common stock) based on Schedule 13G filed in February 2024 reporting holdings as of December 31, 2023. Subsequent Form 4 filings in 2025 show some share sales but he remains one of the two largest shareholders. | Founder | 10.0% | Dec 2023 |
Henry R. Kravis Co‑founder and co‑executive chairman; beneficially owned about 83 million KKR shares (~9.4% of the company) per Schedule 13G filed in February 2024 for holdings as of December 31, 2023. 2025 Form 4 filings show partial sales but he remains a major direct owner. | Founder | 9.4% | Dec 2023 |
The Vanguard Group, Inc. Largest institutional shareholder; a Schedule 13G filed in November 2024 reports Vanguard holding ~56.2 million KKR shares, or about 6.33% of outstanding shares as of September 30, 2024. | Institutional | 6.3% | Sep 2024 |
BlackRock, Inc. Large asset manager holding KKR shares across multiple funds; a Schedule 13G filed July 17, 2025 reports ownership of about 43.4 million shares (~4.90% of KKR common stock) as of June 30, 2025, down from just over 5% at year‑end 2024. | Institutional | 4.9% | Jun 2025 |
Capital International Investors (Capital Research & Management Co.) Division of Capital Group that manages institutional assets; third‑party ownership data services show it holding roughly 31.3 million KKR shares, about 3.5% of the company, based on institutional holdings data through September 30, 2025. | Institutional | 3.5% | Sep 2025 |
State Street Corporation Custodian bank and asset manager; reported to hold about 28.1 million KKR shares (~3.1% ownership) in institutional ownership databases using latest 13F data through the quarter ended September 30, 2025. | Institutional | 3.1% | Sep 2025 |
Wellington Management Group LLP Global active asset manager; disclosed as owning roughly 24.1 million KKR shares (about 2.7% of shares outstanding) in aggregated institutional ownership reports as of late Q3 2025. | Institutional | 2.7% | Sep 2025 |
FMR LLC (Fidelity Investments) Parent company of Fidelity; institutional ownership summaries show FMR entities holding about 20.8 million KKR shares (~2.3% stake) based on 13F filings through September 30, 2025. | Institutional | 2.3% | Sep 2025 |
Massachusetts Financial Services Company (MFS) Active manager operating MFS funds; estimated to own around 19.5 million KKR shares (about 2.2% of the company) according to institutional shareholder data as of Q3 2025. | Institutional | 2.2% | Sep 2025 |
Principal Financial Group, Inc. (via Principal Global Investors) Through its asset‑management arm Principal Global Investors, Principal is reported to hold approximately 19.0 million KKR shares (~2.1% ownership) in recent institutional holdings filings. | Institutional | 2.1% | Sep 2025 |
Scott C. Nuttall Co‑chief executive officer of KKR; MarketScreener and similar share‑ownership summaries attribute roughly 20.1 million KKR shares to him, corresponding to about 2.3% of shares outstanding, based on the latest compiled insider and institutional data in late 2025. | Individual | 2.3% | Dec 2025 |
Joseph Y. Bae Co‑chief executive officer; public share‑ownership data providers report that he beneficially owns about 18.3 million KKR shares, an interest of roughly 2.1% of the company as of late 2025. | Individual | 2.1% | Dec 2025 |
Geode Capital Management, LLC Quantitative asset‑management firm that sub‑advises certain Vanguard index funds; shown in institutional ownership tables as holding approximately 14.8 million KKR shares, or about 1.7% of outstanding shares, in the most recent 13F‑based data. | Institutional | 1.7% | Dec 2025 |
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