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Founded Year

2008

Stage

IPO | IPO

Total Raised

$106.91M

Date of IPO

3/28/2014

Market Cap

0.03B

Stock Price

0.47

Revenue

$0000 

About 2U

2U (NASDAQ: TWOU) focuses on online education. It provides a global online learning platform, which connects millions of people to high-quality, career-relevant education in partnership with leading universities and industry experts. The company primarily serves the education sector, with its main customers being universities, companies, nonprofit organizations, and government agencies. 2U was formerly known as 2tor. It was founded in 2008 and is based in Lanham, Maryland.

Headquarters Location

7900 Harkins Road

Lanham, Maryland, 20706,

United States

301-892-4350

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2U Patents

2U has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/12/2013

Natural language processing, Pedagogy, Teaching, Educational psychology, Education

Application

Application Date

3/12/2013

Grant Date

Title

Related Topics

Natural language processing, Pedagogy, Teaching, Educational psychology, Education

Status

Application

Latest 2U News

Why Ed-Tech Company 2U Shares Are Falling Today

Feb 13, 2024

Why Ed-Tech Company 2U Shares Are Falling Today February 13, 2024 8:31 AM | 1 min read Zinger Key Points 2U's Q4 EPS at 48 cents (vs. est. 64 cents) & revenue at $255.66 million (below est. $281.438 million), with 8% growth. For the full year 2024, the company sees revenue from $805 million to $815 million. Loading... The company’s fourth-quarter adjusted earnings per share of 48 cents missed the  Wall Street estimate of 64 cents. Quarterly revenue of $255.66 million missed the street view of $281.438 million. Revenue increased 8%. Alternative Credential Segment revenue decreased 7% to $92.2 million. Degree Program Segment revenue grew 19% to $163.5 million. Adjusted EBITDA increased 54% to $90.2 million, with a margin of 35%. As of December 31, 2023, the company’s cash, cash equivalents, and restricted cash totaled $73.4 million. Outlook: For the first quarter, the company sees revenue of $195 million-$198 million (estimate: $228.78 million). Net loss is projected to range $(60) million-$(55) million. Adjusted EBITDA is expected to range $10 million-$12 million. For full year 2024, the company sees revenue of $805 million-$815 million (estimate: $909.48 million). Net loss will be $(90) million-$(85) million, and Adjusted EBITDA is projected to be $120 million-$125 million. Price Action: TWOU shares are trading lower by 24% to $0.6982 premarket on the last check Tuesday. Image: Shutterstock/ MD Duran

2U Frequently Asked Questions (FAQ)

  • When was 2U founded?

    2U was founded in 2008.

  • Where is 2U's headquarters?

    2U's headquarters is located at 7900 Harkins Road, Lanham.

  • What is 2U's latest funding round?

    2U's latest funding round is IPO.

  • How much did 2U raise?

    2U raised a total of $106.91M.

  • Who are the investors of 2U?

    Investors of 2U include Redpoint Ventures, Highland Capital Partners, Bessemer Venture Partners, Comerica, Novak Biddle Venture Partners and 8 more.

  • Who are 2U's competitors?

    Competitors of 2U include Coursera and 5 more.

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