Open English, the leading online language school in Latin America with offices in Miami, Caracas, and Bogota, has raised $2 million in its Series B-1 round from Kaszek Ventures. Kaszek’s investment in Open English follows a $4.25 million Series B round of financing led by Flybridge Capital Partners in May 2011. This new capital brings the company’s total venture funding to date to more than $12 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. Nicolas Szekasy, a managing partner of Kaszek Ventures, has joined the company’s Board of Directors in connection with this investment. Read more here.
