Open English raises $2M in B-1 Round

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.

 

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