Tech Company Financing Transactions

2U Funding Round

On 2/16/2010, 2U raised $22 million in Series B funding from Highland Capital Partners, City Light Capital and Novak Biddle Venture Partners.

Transaction Overview

Company Name

Announced On

2/16/2010

Transaction Type

Venture Equity

Amount

$22,000,000

Round

Series B

Investors

Highland Capital Partners (Lead Investor) (Paul Maeder)

City Light Capital (Josh Cohen)

Novak Biddle Venture Partners (Rogers Novak)

Redpoint Ventures (Gregory Martin)

Proceeds Purpose

The company will use the funding from this financing to increase resources dedicated to developing new online programs with additional university partners.

Company Information

Company Status

Publicly-held

Industry

EdTech

Mailing Address

7900 Harkins Rd.
Lanham, MD 20706
USA

Phone

(301) 892-4350

Website

www.2u.com

Email Address

[email protected]

Overview

2U Inc. is an education technology company that partners with top colleges and universities to bring their degree programs and credit-bearing courses online.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Chip Paucek

Chief Financial Officer

Cathy Graham

Chief Marketing Officer

Harsha Mokkarala

Chief Technical Officer

James Kenigsberg

Executive Vice President

Andrew Hermalyn

VP - General Counsel

Todd Glassman

VP - Sales

Gabriel Bustamante

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Prev: 2/16/2010: Consult A Doctor 24/7 venture capital transaction
Next: 2/16/2010: Cozi Group venture capital transaction

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