Pulse2 Technology and Social Media News » 2tor http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 2tor Raises $32 Million In Series C http://pulse2.com/2011/03/15/2tor-raises-32-million-in-series-c/ http://pulse2.com/2011/03/15/2tor-raises-32-million-in-series-c/#comments Tue, 15 Mar 2011 17:19:27 +0000 Amit Chowdhry http://pulse2.com/?p=44838 Continue reading →]]>
2tor is an online education website that is based in New York City. The company has raised $32 million in Series C funding led by Bessemer Venture Partners. Previous investors that participated in this round include Highland Capital, Redpoint, City Light, and Novak Biddle. 2tor has raised a total of $65 million. 2tor is pursuing the higher education market and is partnering with graduate programs. 2tor plans on providing a technology platform for higher graduate programs to offer classes online.

2tor’s first partner is the University of Southern California, which will use 2tor for its Masters in Teaching and Social Work classes. Next year 2tor will be launching a nursing program with Georgetown University and MBA classes at UNC-Chapel Hill. Before University of South California started using 2tor, they had 80 students in the Masters of Teaching program. Today they have 1,500 students in the program. These students are in the program from across 45 states and 28 countries. The online students all pay the same full tuition and they get the same degree. 2tor runs the course websites and provides students with a webcam. 2tor shares tuition revenue with the schools.

[TechCrunch]

]]> http://pulse2.com/2011/03/15/2tor-raises-32-million-in-series-c/feed/ 0 2tor Raises $10 Million Series A http://pulse2.com/2009/06/23/2tor-raises-10-million-series-a/ http://pulse2.com/2009/06/23/2tor-raises-10-million-series-a/#comments Tue, 23 Jun 2009 16:53:52 +0000 Amit Chowdhry http://pulse2.com/?p=16873 Continue reading →]]> 2tor-logo

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.

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