# 2U

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/2u

- Industry: Education/Training
- Headquarters: Arlington, US
- Website: www.2u.com/
- Total disclosed funding: $101M
- Latest round: Series D (Oct 21, 2013)
- Investors on record: 10

## About

2U, Inc. is a US-based company that connects millions of learners to affordable, high-quality online education, partnering with universities and organizations to offer a diverse range of career-oriented programs.Founded in 2008 in Arlington, US, 2U, Inc. specializes in online education and has undergone various strategic pivots to enhance its offerings. The company was founded by Chip Paucek, who has a history of entrepreneurship. The latest funding round was an IPO in March 2014, raising USD 119.28 mn and marking a significant milestone in its growth, with all investors exiting their stakes.The primary product of 2U, Inc. is its global online learning platform, edX, developed in partnership with Harvard University and MIT in 2012. edX connects millions to thousands of affordable online courses across various fields, including artificial intelligence and public health, catering to students, professionals, and organizations globally.In 2023, 2U, Inc. generated revenue of USD 945.95 mn, alongside an EBITDA of USD -110.48 mn, reflecting its operations in the online education sector and partnerships with educational institutions.2U, Inc. plans to leverage its recent IPO funding to enhance its platform and expand into new geographic markets, primarily targeting regions across North America, Europe, and Asia, by 2024. The company is focused on developing new educational programs and increasing partnerships to broaden access to its offerings.

## Funding rounds

- Series D, Oct 21, 2013, $5.1M — Highland Capital Partners, Redpoint Ventures, Bessemer Venture Partners, Rethink Capital Partners, 137 ventures
- Series D, Apr 2, 2012, $26M — Highland Capital Partners, Redpoint Ventures, SVB Capital, Novak Biddle Venture Partners, Bessemer Venture Partners, City Light Capital, West River Group, Hillman Medical Ventures
- Series C, Mar 8, 2011, $33M — Highland Capital Partners, Redpoint Ventures, Novak Biddle Venture Partners, Bessemer Venture Partners, City Light Capital
- Series B, Feb 12, 2010, $23M — Highland Capital Partners, Redpoint Ventures, Novak Biddle Venture Partners, City Light Capital
- Series A, Jun 23, 2009, $14M — Redpoint Ventures, Novak Biddle Venture Partners, City Light Capital

## Investors

- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C, Series D
- Novak Biddle Venture Partners (https://capitalatlas.ai/funds/novak-biddle-venture-partners) — Series A, Series B, Series C, Series D
- City Light Capital (https://capitalatlas.ai/funds/city-light-capital) — Series A, Series B, Series C, Series D
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series B, Series C, Series D
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C, Series D
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series D
- West River Group — Series D
- Hillman Medical Ventures (https://capitalatlas.ai/funds/hillman-medical-ventures) — Series D
- Rethink Capital Partners (https://capitalatlas.ai/funds/rethink-capital-partners) — Series D
- 137 ventures (https://capitalatlas.ai/funds/137-ventures) — Series D