Lanham Maryland based 2U Inc. is raising $324,000,000.00 in a new round of Venture Capital investment.
Lanham, MD – According to filings with the U.S. Securities and Exchange Commission, 2U Inc. is raising $324,000,000.00 in a new round of investment. Sources indicate as part of senior management Chief Executive Officer, Christopher Paucek played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About 2U Inc.
2U, Inc. is a diverse collection of more than 2,000 individuals who share a common belief in the power of higher education to transform lives for the better. Every 2Ute ù regardless of office, department, or tenure ù is passionate about helping our university partners deliver life-changing outcomes for their students. We are in the midst of a transformational era in higher education. Technology is reshaping how we work and fundamentally redefining what it means to have a career, forcing us all to become lifelong learners. In the face of this new reality, leaders across academia are confronting a clear challenge: how to fully embrace the digital era while preserving the best of what has defined their institution, often for centuries. This need to adapt represents a stark change from adhering to a proven model that, for generations, has enabled universities to become a singularly powerful force in creating upward mobility in our society. We recognize that this can create fear – not necessarily of change, but of loss. One thing is undeniable, however; to preserve and build on their legacies in the digital era, institutional inertia is not an option.
To learn more about 2U Inc., visit http://2u.com/
Contact:
Christopher Paucek, Chief Executive Officer
301-892-4350
cpaucek@2u.com
https://www.linkedin.com/in/chippaucek/
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