MIAMI – Open English, an online language school for Latin Americans, ahs raised $4.25 million in a B round of funding led by existing investor Flybridge Capital Partners. The company raised a $6 million first round.
Founded in 2007, Open English says it provides a revolutionary new approach to English language learning which combines live instruction with native English-speaking teachers and 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students study from their home or office and avoid inconvenient scheduling, long commute times, high tuition costs, and outdated books and CD-ROMs.
The company serves a large and rapidly growing global market, initially targeting Spanish speakers in the Americas. Live instruction with native English speaking teachers and multi-media learning content, is all provided over the internet.
“Over the past 10 years, there has been a dramatic increase in broadband Internet usage in South America. This, along with the emergence of a robust middle class in which English is a critical component for career advancement, has created an exciting opportunity for English language-learning programs throughout the South American region,” says Jon Karlen, general manager, Flybridge, who is on the company’s board.
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