Online Education Startup 2tor Hires New CEO, Moving HQ to Landover

Landover, Maryland – 2tor, a startup which  partners with universities to build, administer, and market online degree programs has appointed its President and co-founder Chip Paucek as the new CEO. As part of the appointment, 2tor will be shifting its headquarters from from New York to Landover which the new CEO currently resides. John Katzman, the former CEO and founder of the company will remain as Executive Chairman of the board.

2tor will still maintain its New York operations even though its headquarters has been relocated to Maryland. The company has also offices in Chapel Hill, Los Angeles and Hong kong.

2tor created a system for universities to offer graduate degree programs online. 2tor’s framework is currently used by Georgetown University for its nursing school and the University of North Carolina’s Kenan-Flagler Business School. According to the new CEO Chip Paucek, the company will be launching two new additional academic categories in the fall.

2tor has raised $62.5 million since its founding in 2008. Its investors include Bessemer Venture Partners, City Light Capital, and Redpoint Ventures. Even with new hires planned and the expected expansion into new schools, the company is in no hurry to seek more capital, Paucek says.