Online learning platform 2tor today announced the close of a $26 million Series D funding round led by an affiliate of the Hillman Company. This brings the Chelsea Piers-based company’s total venture funding to $96 million. All previous investors—Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital—who helped 2tor raise $32.5 million just over a year ago decided to come back. Joining them were new investors SVB Capital and WestRiver Capital.
Betabeat has already noted the prevailing winds of venture capital class warfare–with equity in hot start-ups, access to dealflow, and ability to raise capital separates “the haves from the have nots.” But as the IPO wave has started to crest, even fewer names have risen to the top. And if the Wall Street Journal‘s numbers are any indicator, it’s given some VCs cause for a little reverse schadenfreude.
Not everyone was pessimistic about Myspace, writes Dan Primack over at Term Sheet. At least one VC tried hard to wrest control of the company back from News Corp before the media dinosaur could drive it into the ground: Redpoint Ventures partner Geoff Yang, who tripled his money by investing in Myspace months before the acquisition.