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'''2U''' (formerly 2tor Inc.) is an [[educational technology]] company that partners with universities to offer online degree programs.<ref>{{cite web|url=http://www.bizjournals.com/washington/news/2012/04/18/2tor-gets-10m-credit-line.html |title=2tor gets $10M credit line - Washington Business Journal |publisher=Bizjournals.com |date=2012-04-18 |accessdate=2012-05-03}}</ref><ref>{{cite web|author=Alyson Shontell, provided by |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/04/18/businessinsidereducation-startups-a.DTL |title=There Are A Million Education Startups And No One To Acquire Them |publisher=Sfgate.com |date=2012-04-18 |accessdate=2012-05-03}}</ref><ref>{{cite web|author=Heather R. Huhman |url=http://articles.businessinsider.com/2012-04-11/tech/31323390_1_higher-education-internet-online-masters |title=The Future Of Education: How 2tor Is Helping America’s Great Universities Go Online - Business Insider |publisher=Articles.businessinsider.com |date=2012-04-11 |accessdate=2012-05-03}}</ref><ref>{{cite web|last=Bolshaw |first=Liz |url=http://www.ft.com/cms/s/2/1e684bc2-71d0-11e1-8497-00144feab49a.html?ftcamp=published_links/rss/business-education/feed//product#axzz1tnOlwP7h |title=Out of sight but not out of mind in the virtual world |publisher=FT.com |date=2012-04-16 |accessdate=2012-05-03}}</ref> The company supplies its partner universities with technology, coursework design, infrastructural support and capital to deliver instruction to students. 2U was founded in 2008 by [[John Katzman]] (founder of [[The Princeton Review]]); co-founders include Chip Paucek (former CEO of [[Hooked on Phonics]]), Jeremy Johnson, Adam Robinson, Reed Talada, and Andrew Hermalyn. In 2012, 2U was declared the 8th most innovative education company on ''[[Fast Company (magazine)|Fast Company’s]]'' list of "The World’s 50 Most Innovative Companies."<ref>{{cite news| url=http://www.fastcompany.com/most-innovative-companies/2012/industry/education#2tor | work=Fast Company | title=The World's 50 Most Innovative Companies: Top 10 Education | year=2012}}</ref>
'''2U''' (formerly 2tor Inc.) is an [[educational technology]] company that partners with universities to offer online degree programs.<ref>{{cite web|url=http://www.bizjournals.com/washington/news/2012/04/18/2tor-gets-10m-credit-line.html |title=2tor gets $10M credit line - Washington Business Journal |publisher=Bizjournals.com |date=2012-04-18 |accessdate=2012-05-03}}</ref><ref>{{cite web|author=Alyson Shontell, provided by |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/04/18/businessinsidereducation-startups-a.DTL |title=There Are A Million Education Startups And No One To Acquire Them |publisher=Sfgate.com |date=2012-04-18 |accessdate=2012-05-03}}</ref><ref>{{cite web|author=Heather R. Huhman |url=http://articles.businessinsider.com/2012-04-11/tech/31323390_1_higher-education-internet-online-masters |title=The Future Of Education: How 2tor Is Helping America’s Great Universities Go Online - Business Insider |publisher=Articles.businessinsider.com |date=2012-04-11 |accessdate=2012-05-03}}</ref><ref>{{cite web|last=Bolshaw |first=Liz |url=http://www.ft.com/cms/s/2/1e684bc2-71d0-11e1-8497-00144feab49a.html?ftcamp=published_links/rss/business-education/feed//product#axzz1tnOlwP7h |title=Out of sight but not out of mind in the virtual world |publisher=FT.com |date=2012-04-16 |accessdate=2012-05-03}}</ref> The company supplies its partner universities with technology, coursework design, infrastructural support and capital to deliver instruction to students. 2U was founded in 2008 by [[John Katzman]] (founder of [[The Princeton Review]]); co-founders include Chip Paucek (former CEO of [[Hooked on Phonics]]) and Jeremy Johnson. In 2012, 2U was declared the 8th most innovative education company on ''[[Fast Company (magazine)|Fast Company’s]]'' list of "The World’s 50 Most Innovative Companies."<ref>{{cite news| url=http://www.fastcompany.com/most-innovative-companies/2012/industry/education#2tor | work=Fast Company | title=The World's 50 Most Innovative Companies: Top 10 Education | year=2012}}</ref>


The company is venture-backed and has raised $96 million to date. Investors include Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, City Light Capital, SVB Capital and WestRiver Capital.<ref>{{cite news| url=http://betabeat.com/2012/04/02/2tor-closes-series-d/ | work=Betabeat | title=Online Higher Education Gets a Raise as 2tor Secures $26 M. in Series D Funding Round | year=2012}}</ref>
The company is venture-backed and has raised $96 million to date. Investors include Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, City Light Capital, SVB Capital and WestRiver Capital.<ref>{{cite news| url=http://betabeat.com/2012/04/02/2tor-closes-series-d/ | work=Betabeat | title=Online Higher Education Gets a Raise as 2tor Secures $26 M. in Series D Funding Round | year=2012}}</ref>

Revision as of 17:21, 3 November 2012

2U (formerly 2tor Inc.) is an educational technology company that partners with universities to offer online degree programs.[1][2][3][4] The company supplies its partner universities with technology, coursework design, infrastructural support and capital to deliver instruction to students. 2U was founded in 2008 by John Katzman (founder of The Princeton Review); co-founders include Chip Paucek (former CEO of Hooked on Phonics) and Jeremy Johnson. In 2012, 2U was declared the 8th most innovative education company on Fast Company’s list of "The World’s 50 Most Innovative Companies."[5]

The company is venture-backed and has raised $96 million to date. Investors include Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, City Light Capital, SVB Capital and WestRiver Capital.[6]

The company's original name was an homage to founder Katzman's deceased chocolate lab, Gigantor "Tor" Katzman.

References

  1. ^ "2tor gets $10M credit line - Washington Business Journal". Bizjournals.com. 2012-04-18. Retrieved 2012-05-03.
  2. ^ Alyson Shontell, provided by (2012-04-18). "There Are A Million Education Startups And No One To Acquire Them". Sfgate.com. Retrieved 2012-05-03.
  3. ^ Heather R. Huhman (2012-04-11). "The Future Of Education: How 2tor Is Helping America's Great Universities Go Online - Business Insider". Articles.businessinsider.com. Retrieved 2012-05-03.
  4. ^ Bolshaw, Liz (2012-04-16). "Out of sight but not out of mind in the virtual world". FT.com. Retrieved 2012-05-03.
  5. ^ "The World's 50 Most Innovative Companies: Top 10 Education". Fast Company. 2012.
  6. ^ "Online Higher Education Gets a Raise as 2tor Secures $26 M. in Series D Funding Round". Betabeat. 2012.