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.
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
|