Tech Company Financing Transactions

2U Funding Round

2U, operating out of Lanham, received $10 million from Redpoint Ventures, City Light Capital and Novak Biddle Venture Partners.

Transaction Overview

Company Name

Announced On

6/22/2009

Transaction Type

Venture Equity

Amount

$10,000,000

Round

Series A

Investors

Redpoint Ventures (Lead Investor) (Gregory Martin)

City Light Capital (Josh Cohen)

Novak Biddle Venture Partners (Philip Bronner)

Proceeds Purpose

The company will use the funding from this financing to increase resources dedicated to student recruitment efforts and marketing.

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

Browse more venture capital transactions:

Prev: 6/22/2009: oneTXT venture capital transaction
Next: 6/23/2009: Puppet venture capital transaction

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