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.

Register for Details

For more details on financing and valuation for Open English, register or login.

Please provide a valid email address.

By registering, you agree to Forge’s Terms of Use. Already registered? Log in

Learn more about Open English

To invest in Open English pre-IPO

Can you invest in Open English pre-IPO?

Open English is a privately held company and is not publicly traded, therefore investing in Open English pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Open English before it goes public?

You can seek to sell your shares in Open English while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is the pre-IPO value of my Open English shares?

To determine the value of your Open English shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Open English shares. You can also learn more about how to sell your private shares before getting started.

Is Open English a publicly traded company?

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.

To learn more about Open English potential IPO

Will Open English go IPO?

Open English has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Open English’s IPO price?

The Open English IPO price does not exist at this time, as Open English is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Open English register for Forge Markets, today.

When was Open English founded?

Open English was founded in 2009.

What is Open English funding to date?

Open English has raised $139.61MM to date.

Who are Open English’s major investors?

Kaszek Ventures
Flybridge Capital Partners
Redpoint Partners
Insight Venture Partners
Redpoint Ventures
Undisclosed Investors
Flybridge
Nexos Capital Partners
Technology Crossover Ventures
Kaszek

Open English Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
09/06/2024 Series F-E $269,743 $xx.xx $441.15MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
10,179
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
09/06/2024 Series F-D $2.5MM $xx.xx $441.15MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
94,522
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
09/06/2024 Series F-C1 $77,071 $xx.xx $441.15MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
4,282
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
09/06/2024 Series F-C $1.66MM $xx.xx $441.15MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
109,448
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
09/06/2024 Series F-B1 $79,662 $xx.xx $441.15MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
20,671
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
09/06/2024 Series F-B $163,774 $xx.xx $441.15MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
50,996
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
09/06/2024 Series F-A $247,879 $xx.xx $441.15MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
137,291
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
05/31/2022 Series PleIQ $456,678 $xx.xx $364.18MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
82,433
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
05/31/2022 Series Next U $4.4MM $xx.xx $364.18MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
800,777
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
05/31/2022 Series E $7MM $xx.xx $364.18MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
264,144
Liquidation Pref Order
3
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
04/27/2013 Series D $65MM $xx.xx $337.53MM Technology Crossover Ventures
Price per Share
$xx.xx
Shares Outstanding
2,452,831
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Technology Crossover Ventures
07/26/2012 Series C-1 $2MM $xx.xx $200.97MM Insight Venture Partners, Redpoint Partners, Flybridge, Kaszek
Price per Share
$xx.xx
Shares Outstanding
111,111
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Venture Partners, Redpoint Partners, Flybridge, Kaszek
07/26/2012 Series C $43MM $xx.xx $200.97MM Insight Venture Partners, Redpoint Partners, Flybridge, Kaszek
Price per Share
$xx.xx
Shares Outstanding
2,840,157
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Venture Partners, Redpoint Partners, Flybridge, Kaszek
11/07/2011 Series B-1 $2.07MM $xx.xx $32.15MM Kaszek Ventures
Price per Share
$xx.xx
Shares Outstanding
536,415
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Kaszek Ventures
05/11/2011 Series B $4.25MM $xx.xx $26.15MM Flybridge Capital Partners
Price per Share
$xx.xx
Shares Outstanding
1,323,348
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Flybridge Capital Partners
11/10/2010 Series A $6.43MM $xx.xx $12.86MM Flybridge
Price per Share
$xx.xx
Shares Outstanding
3,562,687
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Flybridge
Updated on: Nov 8, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.