2U Archives - Crunchbase News /tag/2u/ Data-driven reporting on private markets, startups, founders, and investors Mon, 08 Apr 2019 14:38:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png 2U Archives - Crunchbase News /tag/2u/ 32 32 Tech Bootcamp Startup Trilogy Education Acquired For $750M /venture/tech-bootcamp-startup-trilogy-education-acquired-for-750m/ Mon, 08 Apr 2019 14:18:54 +0000 http://news.crunchbase.com/?p=18075 Tech companies around the globe claim there’s a talent shortage; however, there doesn’t seem to be a shortage of liquidity for those startups attempting to bridge the gap.

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, a workforce training startup that offers programs in “web development, data analytics, UX/UI design, and cybersecurity,” has been acquired by , a SaaS platform for school operations, for $750 million in cash and stock, .

It’s a near-unicorn level acquisition deal for Trilogy Education, which has, according to Crunchbase, raised a (these days) modest $80 million. The startup’s lead investors, who likely stand to gain the most from the acquisition, include Highland Capital Partners, Macquarie Group, and Exceed Capital Partners.

The acquisition is also a confirmation of a broader trend of tech training schools to garner attractive exits. Just over a year ago, General Assembly was acquired by Adecco, a Swiss staffing firm, for $413 million. WeWork also bought .

According to 2U’s Co-Founder and CEO Christopher Paucek, the Trilogy Education acquisition will help the company reach $1 billion in revenue by 2021. The acquisition will also nearly double 2U’s footprint, going from “36 to 68 [university ] partners.”

Illustration: .

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