2U - Web3 Crypto Company Profile, Funding, Valuation, Investors

About

2U is a cloud-based Software-as-a-Service platform that provides schools with the comprehensive operating infrastructure.

Hyattsville,Maryland,United States
1001 - 5000
http://2u.com

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $331M
Industries: Cloud Computing,EdTech,Education,Software
Founded date: Jan 1, 2008
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: nasdaq:TWOU
Legal Name: 2U, Inc.

2U is a cloud-based Software-as-a-Service platform providing schools with the comprehensive operating infrastructure they need to attract, enroll, educate, support, and graduate students globally. Blending live face-to-face classes, dynamic course content, and real-world learning experiences, 2U’s No Back Row approach ensures that every student can experience the high-quality university education for the most successful outcome. The platform partners with universities to offer online degree programs.

2U supplies universities with the tools, expertise, capital, and global recruiting needed to compete in a space currently dominated by unexceptional programs, while developing state-of-the-art technology platforms that enhance traditional offline curricula to create transformative instruction using the best educational and Web 2.0 technologies. The platform provides the vital logistical components of any online program, including comprehensive student support services from enrollment through graduation and beyond as well as practical learning experiences within distant communities around the country.

2U partners with colleges and universities to deliver the world’s best online degree programs so students everywhere can reach their full potential. It was launched in 2008 and is based in Hanover, M.D.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

8

$546.15M

2U has raised a total of $546.15M in funding over 2 rounds. Their latest funding was raised on Jun 1, 2018 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 1, 2018	Post-IPO Equity	$331M	—	—	—	Detail
Mar 28, 2014	IPO	$119.27M	—	—	—	Detail
Oct 21, 2013	Series D	$5.10M	5	—	—	Detail
Apr 2, 2012	Series D	$26M	7	Hillman Ventures	—	Detail
Mar 10, 2011	Series C	$32.50M	6	Bessemer Venture Partners	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

0

2U has made 2 investments. Their most recent investment was on Dec 16, 2015, when Springboard raised $1.70M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Dec 16, 2015 Springboard	Seed	$1.70M	E-Learning	—
Apr 12, 2015 Dyad.com	Seed	$600K	Career Planning	—

Investors

Number of Lead Investors

Number of Investors

4

9

2U is funded by 9 investors. Hillman Ventures and 137 Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
Hillman Ventures	Yes	Series D
137 Ventures	—	Series D
Bessemer Venture Partners	—	Series D
Highland Capital Partners	—	Series D
Redpoint	—	Series D
Rethink Education	—	Series D
City Light Capital	—	Series D
Novak Biddle Venture Partners	—	Series D
QED Investors	—	Series D

Employee Profiles

Number of Employee Profiles

24

2U has 24 current employee profiles, including Executive Nick Gould

Executive

Executive

Employee

Employee

Executive

Acquisition

2U has acquired 4 organizations. Their most recent acquisition was GetSmarter on May 2, 2017. They acquired GetSmarter for $103M.

Date Company Name	Industry	Acquisition Type	Price
May 2, 2017 GetSmarter	E-Learning	acquisition	$ 103M	Detail
Jun 21, 2018 CritiqueIt Inc.	Collaboration	acquisition	—	Detail
Apr 8, 2019 Trilogy Education Services	Analytics	acquisition	$ 750M	Detail
Jun 29, 2021 edX	EdTech	acquisition	$ 800M	Detail