Open English Raises US$65 Million (Latin America)
Posted On: 29 Apr 2013 | Source: The Wall Street Journal | Author: Lizette Chapman
Panama-headquartered English-language learning service Open English has raised US$65 million in its Series D venture capital financing round led by technology-focused private equity and venture capital firm Technology Crossover Ventures. Redpoint Ventures and Insight Venture Partners also participated in the transaction. The funding is intended to finance Open English’s expansion into new geographies within Latin America in 2013. Open English offers an online platform where customers can learn English through live lessons, videos, games and other learning materials.