Open English Raises $65M in Series D Funding

According to the Wall Street Journal’s blog (read here), Open English, a Miami, Florida-based online language school, raised $65m in Series D funding.

According to the report, Technology Crossover Ventures led the round at a valuation just below $350m.

The company intends to use the proceeds to continue to grow.

Founded in 2006 by CEO Andrés Moreno and CPO Nicolette Moreno, Open English provides Spanish and Portuguese speakers in the Americas with an approach that combines live instruction with native English-speaking teachers and multimedia-learning content customized to each learner.
The company, which operates offices in Miami, Caracas, Bogotá, São Paulo, and Panamá, had previously raised the following rounds:
07/04/2010: Open English Raises $5M
10/11/2010: Open English Closes $6M Series A Financing
07/11/2011: Open English Receives Venture Capital funding from Kaszek Ventures
27/07/2012 Open English Raises over $40M in Financing

FinSMEs

29/04/2013

2 comments

Join the discussion