November Private Market UpdatePrivate market metrics show signs of optimism despite October public market slump
November Private Market Update
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About
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.
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.
If you own Open English pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
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.
| 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 |
