2U Files for IPO

Financing

2U Files for IPO

Feb 24, 2014

2 THE PEOPLE: 2U, the Landover, MD-based startup that currently works with universities like UC Berkeley to build small, online programs, has filed for a $100 million IPO. Founded in 2008, the company currently lists 21 partner universities and has raised almost $96 million in VC capital. E-literate highlights four "remarkable" numbers from the company's S-1 filing, which show that it makes $10K-$15K per enrolled student per year. Still, it's incurring net losses in the $20 million range due to the high upfront capital needed to get an online program up and running. Here's hoping that 2U has a better time with the IPO than the last edtech company that tried.

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