In a Series A funding round by Redpoint Ventures, with Novak Biddle Venture Partners and City Light Capital as co-investors, 2tor - the startup that associates with universities to develop, administer, and market ingenious and high-quality online degree programs - has raised $10 million.

With John Katzman, as its founder and CEO, 2tor boasts of an exceptional panel of education veterans with incomparable experience - including Schoolnet COO Mark Chernis; and Career Education founder and ex-CEO Jack Larson. The company's Board Advisors include the City Light Capital managing partner Josh Cohen; and the QuestBridge founder and president Michael McCullough.

The state-of-the-art technology platform of 2tor adds to the time-honored offline curricula, thereby creating transformative tutoring aided by the best educational and Web
2.0 technologies.

Launched earlier this year, 2tor is already working in partnership with the widely-reputed Rossier School of Education, under the University of Southern California, for the launch of a first-of-its-kind Master of Arts in Teaching program - MAT@USC - to be delivered online.

In accordance with the advice of its cream-of-the-crop financial advisor, Signal Hill Capital, 2tor intends using the newly-raised funds for the enhancing resources pertaining to its student recruitment and marketing endeavors. Katzman said: "We will continue to scale up our first program, ready the launch of our second, and step up to the role as the bridge between great universities and online learning."