Open English Closes $6 Million Round with Flybridge Capital

COCONUT GROVE - Online English school, Open English, today announced the final closing of its $6 million Series A round of financing with participation from Flybridge Capital Partners. The company will use the funding to continue the expansion of its Internet-based English language school throughout Latin America. As part of the funding, Jon Karlen, a Genenal Partner at Flybridge Capital Partners, will join the company's Board of Directors.

"We are very excited to be teaming up with Flybridge Capital Partners. They have a deep understanding of consumer Internet businesses and have already been tremendously helpful as we work to grow the footprint of Open English throughout the Americas," commented Andres Moreno, CEO of Open English.

With thousands of students in more than 20 countries, Open English provides a revolutionary new approach to English language learning which combines live instruction with native English-speaking teachers and multi-media learning content customized to each learner. Open English students study from their home or office and avoid inconvenient scheduling, long commute times, high tuition costs, and outdated books and CD-ROMs.

"Over the past 10 years, there has been a dramatic increase in broadband Internet usage in South America. This, along with the emergence of a robust middle class in which English is a critical component for career advancement, has created an exciting opportunity for English language-learning programs throughout the South American region," said Jon Karlen of Flybridge Capital Partners. "The Open English platform is a truly innovative service that provides students with anytime, anywhere access to live instruction with native English speakers."