Wednesday, April 18, 2012
2tor Gets $10M Line Of Credit
2tor, the provider of online, graduate program and courses which has strong links to the University of Southern California, has scored a $10M revolving line of credit, the firm said today. According to 2tor, the credit line comes from Comerica Bank, and will be used to fund growth and its strategic initiatives. 2tor--which maintains an office in Los Angeles near USC--is venture backed by The Hillman Company, SVB Capital, WestRiver Capital, Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital. The firm runs the MAT@USC and MSW@USC programs, which allows people to receive their Master of Arts in Teaching from the University of Southern California Rossier School of Education, and their Master of Social Work from the University of Southern California School of Social Work, online.