What is 2U?
2U operates as a comprehensive online education platform, partnering with nonprofit colleges and universities to deliver degree programs and alternative credentials. The company's dual-segment approach caters to both traditional degree-seeking students and individuals looking to reskill or upskill through shorter, more focused educational offerings. Through its technology and services, 2U enables institutions to expand their reach and provide accessible online learning experiences. The platform also includes edX.org, a marketplace for a diverse catalog of online courses and degrees.
How much funding has 2U raised?
2U has raised a total of $796M across 8 funding rounds:
Angel/Seed
$2.3M
Series A
$10M
Series B
$20M
Series C
$32.5M
Series D
$31M
Stock Offering
$119.3M
Stock Offering
$331M
Debt
$250M
Angel/Seed (2009): $2.3M, investors not publicly disclosed
Series A (2009): $10M led by Redpoint Ventures, Novak Biddle Venture Partners, and City Light Capital
Series B (2010): $20M supported by City Light Capital, Highland Capital Partners, Redpoint, and Novak Biddle
Series C (2011): $32.5M featuring City Light Capital, Redpoint, Novak Biddle, Bessemer Venture Partners, and Highland Capital
Series D (2012): $31M backed by Novak Biddle Venture Partners, City Light Capital, Highland Capital, Bessemer Venture Partners, Redpoint Ventures, and Tondern Capital
Stock Issuance/Offering (2014): $119.3M, investors not publicly disclosed
Stock Issuance/Offering (2018): $331M, investors not publicly disclosed
Debt (2019): $250M supported by Owl Rock Capital
Key Investors in 2U
Owl Rock Capital
Owl Rock Capital is a direct lending firm that provides financing solutions to middle-market companies. They are known for their significant debt financing capabilities.
Redpoint Ventures
Redpoint Ventures is a venture capital firm focused on investments in early growth-stage companies, often in the technology sector.
Novak Biddle Venture Partners
Novak Biddle Venture Partners specializes in providing equity financing and management assistance to early-stage information technology companies.
What's next for 2U?
The substantial enterprise-level funding and recent strategic investment indicate that 2U is poised for further expansion and innovation. This capital infusion will likely be directed towards enhancing its technological infrastructure, broadening its program catalog, and potentially exploring new market segments or strategic partnerships. As the demand for flexible and accessible online education continues to grow, 2U's strategic financing positions it to solidify its leadership in the digital learning space and adapt to evolving educational needs.
See full 2U company page
