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May 11, 2011 | Press Release
Open English Closes $4.25 Million Series B Financing

 

Latin American Entrepreneurs Bring Total Raise to $10+ Million for Online English School


Miami, FL— May 11, 2011 —Open English, the leading online language school in Latin America, today announced the close of a $4.25 million Series B round of financing led by Flybridge Capital Partners, bringing the company’s total venture funding to date to more than $10 million.  With more than 10,000 students studying English in more than 15 countries across the Americas, Open English will use the new funds to finance the growth of its Internet-based English language school into new markets.

“Open English has done a fantastic job of growing its student base while also keeping a high level of student satisfaction as it launched widely across Latin America,” said Jon Karlen, general partner, Flybridge Capital Partners.  “It has become clear that the Open English platform provides a better experience for students than offline learning and has the potential to be hugely successful in markets beyond Latin America.  We look forward to working with the company as they work to become the leading provider of online English learning across many geographies.”

“Jon and the team at Flybridge have been a huge asset to the company since we raised our first round of funding last year and launched throughout the Latin American region,” said Andres Moreno, CEO of Open English.  “We are pleased to have their vote of confidence and continued support as we now look to expand our offering beyond just Spanish speakers.”

Open English provides a revolutionary new approach to English language learning, which combines live instruction from native English-speaking teachers with multi-media learning content customized to each learner.  Open English students study from their home or office and avoid inconvenient scheduling, long commute times, high tuition costs, and outdated books and CD-ROMs.

Open English is currently available to Spanish-speaking students around the globe.

Tags / Keywords:
Open English, Internet based English-language school, learn English, on-line school, language learning, on-line education, on-line school, English fluency, e-learning, ESL, venture capital

Links / URLs:
•    Open English Blog: http://blog.openenglish.com/
•    Open English LinkedIn Profile: http://www.linkedin.com/companies/open-english
•    Follow Open English on Twitter: http://twitter.com/openenglish
•    Become a fan on Facebook: http://www.facebook.com/openenglish?ref=ts  

About Open English

Open English, with offices in Miami, Carcas and Bogota, is an online school created to reinvent the English learning experience.  Through live language instruction with native English speaking teachers and multi-media learning content, all provided over the Internet, Open English empowers students on their customized path to English fluency.  For more information on Open English visit: www.openenglish.com.  

Flybridge Capital Partners
Flybridge Capital Partners is an early-stage venture capital firm whose mission is to assist entrepreneurs in growing innovative, global companies. With $560 million under management, the firm is focused on investing in consumer, energy, healthcare and information technology markets and is led by a team with domain expertise and more than half a century of combined experience in venture capital. For more information, visit www.flybridge.com.