Edtech startup 2U raises $31M in equity [Startup Roundup] - Technical.ly Baltimore

Business

Oct. 23, 2013 9:14 am

Edtech startup 2U raises $31M in equity [Startup Roundup]

This is the Startup Roundup. Every Wednesday morning, Technically Baltimore will put together the smaller pieces that make up our startup ecosystem.

Have news for the Startup Roundup? Get in touch.

who’s getting funded?

Allovue, based in both Baltimore and soon the Socratic Labs edtech accelerator in New York City, received $100,000 from the Maryland Technology Development Corporation. The edtech startup from Jess Gartner creates budget-tracking software for public school administrators and principals.

Bambeco, based in the Fairfield Area neighborhood of Baltimore city, has raised $4.6 million in equity, according to SEC filings. The online retailer, which has received two rounds of funding previously from the state’s InvestMaryland fund, sells eco-friendly furniture and other home and garden products.

WellDoc, based in the Charles North neighborhood of Baltimore city, has raised $8.3 million in equity, according to SEC filings. The health IT startup develops apps for managing chronic diseases.

2U, based in Landover in Prince George’s County, has raised $31 million in equity, according to SEC filings. The edtech startup partners with universities, puts together for-credit, online courses and degree programs with each school, and then offers those programs to students worldwide.

Advertisement

who’s making moves?

Inner Harbor-based cybersecurity company CyberPoint International has won a research contract from the federal government for $5.4 million. “CyberPoint’s research and development team will work … to solve technical problems and advance cyber defense testing,” according to the Baltimore Business Journal.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

With new Baltimore space and $5M Series A, Whitebox grows ecommerce tech platform

P-Tech begins its second year at Dundalk High School

Minnowtech receives $225K grant to bring imaging platform to shrimp farmers

SPONSORED

Baltimore

Building a data acquisition system? Don’t make this mistake

Baltimore

14 West

Senior Software Engineer (Java + Apache Spark)

Apply Now
Baltimore, MD

SmartLogic

Account Executive (Baltimore)

Apply Now
Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now

Gov. Hogan creates CISO position for State of Maryland

Maryland is testing digital license plates

Baltimore’s CoapTech was picked for this California-based medtech accelerator

SPONSORED

Baltimore

How SmartLogic accelerated these startups’ product growth trajectories

Baltimore

14 West

Senior Java Software Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!