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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The stock price for Open English will be known as it becomes public. Here are similar public companies: Udemy (NAS: UDMY), Duolingo (NAS: DUOL), Stride (NYS: LRN).
|Date||Funding Round||Funding Raised||Price per Share||IPO Valuation|
|5/31/2022||Series E, Next U, and PleIQ||$364.18MM||$XXX.XX||$XXX.XX|
|7/26/2012||Series C and C-1||$200.97MM||$XXX.XX||$XXX.XX|
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Open English is a private company and not publicly traded.
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