openenglish.comEducation / Other EducationFounded: 2009Funding to Date: $274.22MM
Open English is an English language learning software offering traditional and private classes, content, and lessons. Open English services are available to children, adults, and businesses. Open English was founded in 2006 by Wilmer Sarmiento, Andres Moreno, Kenny Vivas, and Nicolette Moreno and is headquartered in Coral Gables, FL.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/06/2024 | Series F-E | $269,744 | $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
700.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Undisclosed Investors
|
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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
700.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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09/06/2024 | Series F-C1 | $77,072 | $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
700.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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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
700.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
09/06/2024 | Series F-B1 | $79,663 | $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
700.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
09/06/2024 | Series F-B | $163,775 | $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
700.0%
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
700.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
05/31/2022 | Series PleIQ | $456,679 | $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
700.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
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
700.0%
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
700.0%
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
700.0%
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
700.0%
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
700.0%
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
700.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Flybridge
|