2tor, a startup that helps universities administer classes and degree programs online, closed $10 million in Series A financing round led by Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital participating.
Launched earlier this year, 2tor partners with universities to build, administer, and market online degree programs. The company says it will use the funding to increase resources dedicated to student recruitment efforts and marketing. Currently, 2tor has partnered with the University of Southern California’s School of Education to launch MAT@USC, a graduate teaching program delivered online.
A start-Up to fund Universities appears to be a completely new Idea. I hope this noble cause brings good-profit for this Start-Up in near future.
Also, it may extent its help to universities by hiring student and giving Job placements for students in their very own Start-Up during this Recession time.
Its good to see that atleast someone is keen about online education quality and standardization hoping for some really good reforms.
Great idea. Shitty name.
These “Web 2.0″ nonsense names are getting too old really.
The name has nothing to do with Web 2.0 even though we are all about social engineering and crowdsourcing.
The name is based on founder’s dog and tutoring… We are “A Great University’s best friend!”
I hate to say it, but the name sounds like sh*t.
The company is named after the founder’s dog.
Its about time that we start paying attention to education at home. Take a look at http://www.topchalks.com and you will realize what the developing economies are doing to leapfrog ahead.
Having worked at a University for a number of years, I would think that Universities could easily build and administer online degree programs themselves and many already do.
The real value 2tor (agree with posters above that it is a terrible name) could provide in on the marketing front. Maybe take a chapter out of University of Phoenix (part of the $10.35 billion Apollo Group $APOL with annual revenues of $3.14 billion).
need to take it to the 3.0. Even saying 2.0 is getting a little old.