Startups

Landover-based edtech company 2U files for IPO

Landover, Md.-based edtech company 2U (formerly 2Tor) filed on Feb. 21 with the SEC to raise up to $100 million for an initial public offering.

Image from 2U's IPO filing.

Landover, Md.-based edtech company 2U (formerly 2Tor) filed on Feb. 21 with the SEC to raise up to $100 million for an initial public offering.
As Technical.ly Baltimore has reported, 2U assembles for-credit, online degree programs with universities, and then offers those degree programs to students through its web platform.
The company”¬†booked $83 million in sales for the fiscal year ended December 31, 2013,” according to Nasdaq.com. In October the company closed a $31 million equity funding round.
 

Companies: 2U
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