Open English Lands $43M From Insight, Redpoint To Bring Online Language Ed To Latin Americ … #tsNews!
Open English, as its name might suggest, is an online learning platform that helps non-English speakers learn the language and speak fluently. After developing the foundation for Open English in his home country of Venezuela in 2006, Andres Moreno took his idea north to Florida, where he launched the program commercially in 2008. Since then, Open English has flourished. Today, the startup employs 1,000 people (40 of whom are in Miami), has offices across Central and South America, and serves 80,000 students in over 20 countries.
Just as many American investors have started to turn their attention to Brazil, so too has Open English. Moreno sees big opportunity in Brazil, which is quickly becoming a global marketplace and is seeing demand for English-speaking talent rise dramatically. To expand its footprint in emerging markets in Brazil and South America, Open English today announced that it has taking on an impressive $43 million in venture funding.
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