2tor Raises $10 Million Series A
2tor has announced that they have raised $10 million in Series A funding led by Redpoint Ventures and was co-invested by Novak Biddle Venture Partners and City Light Capital. The company was founded by Princeton Review Inc. founder John Katzman. 2tor is an online education company that helps universities manage online courses.
“2tor is proving that online education can be excellent and innovative. We are delighted to have Redpoint, Novak Biddle, and City Light on our team, as well as the expertise, commitment and perspective of their partners,” stated Katzman in a press release. “With them, we will continue to scale up our first program, ready the launch of our second, and step up to the role as the bridge between great universities and online learning.”
As part of the funding, Redpoint Partner Greg Martin and Novak Biddle General Partner Philip Bronner will be joining the 2tor Board of Directors.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry