2tor Scores $20M

2tor, a New York-based firm with strong links to the University of Southern California and a local Los Angeles office, has raised $20M in a Series B funding round. The funding was led by Highland Capital, and also included Redpoint Ventures, Novak Biddle Venture Partners, and City Light Capital. 2tor develops online degree programs for companies, including the University of Southern California's Rossier School of Education. The firm also has significant operations in Los Angeles, just north of USC on Figueroa. Redpoint's Greg Martin, who is based in Los Angeles, represents the firm on 2tor's board. More information »