Open English was founded in 2006 by Andres Moreno, Kenny Vivas, Nicolette Rankin, and Wilmer Sarmiento. The company was reported to have begun confidential IPO filings in 2021, though it remains private as of February 2023.

Open English is an online English school. While the company operates primarily in Spanish-speaking countries, it has additional offices in Istanbul and Bangalore. Between 2015 and 2022, the company acquired Next U, English Ninjas, and enguru, an India-based English-learning platform. Open English has raised more than $130 million in venture capital funding from investors including Redpoint, Kaszek, Insight Partners, and Flybridge. The company has not disclosed valuation figures since 2013, when it was valued at $350 million.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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What is Open English's IPO price?

The IPO price for Open English will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Open English?

Open English is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Open English shares pre-IPO?

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Is Open English a publicly traded company?

Open English is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Open English's funding to date?

Open English has raised $134.61MM to date.
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When was Open English founded?

Open English was founded in 2009.

Who are Open English's major investors?

Redpoint Ventures
Technology Crossover Ventures
Flybridge Capital Partners
Kaszek Ventures
Nexos Capital Partners

Open English Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
5/31/2022 Series E, Next U and PleIQ $11.86MM raised $XXX.XX $XXX.XX
4/27/2013 Series D $65MM raised $XXX.XX $XXX.XX
7/26/2012 Series C and C-1 $45MM raised $XXX.XX $XXX.XX
11/7/2011 Series B-1 $2.07MM raised $XXX.XX $XXX.XX
5/11/2011 Series B $4.25MM raised $XXX.XX $XXX.XX
11/10/2010 Series A $6.43MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 26, 2024


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