Open English Secures US$43 Million Investment Led by Insight Venture Partners (Latin America)
Source: Open English
Open English, an online English language school launched in Venezuela in 2006, has raised US$43 million in a financing round led by Insight Venture Partners, with Redpoint Ventures and existing investors Flybridge Capital Partners and Kaszek Ventures also participating. Open English currently serves over 50,000 students in 20 Latin American markets through live online classes led by native English-speaking teachers. The company will use the investment capital to continue expansion efforts in Latin America.