Wednesday, February 10, 2010

2tar Raising money to Market Online College Degree

2tor Raises $20 Million Series B To Go After The High End Of Online Education

Every year as broadband reaches more people, online education keeps growing and growing. So far, though, most online education focusses on vocational courses, test preparation, or supplemental tutoring. One startup trying to bring entire degree programs online is 2tor, which just closed a $20 million Series B funding at a rumored valuation of around $100 million. Highland Capital Partners led the round, with previous investors Redpoint, Novak Biddle, and City Light Capital participating. Last June, the company raised $10 million in a Series A.

washingtonpost.com

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