Tag: English classes

MIAMI, March 4, 2024 (Newswire.com)
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Open English a leading online English learning platform in Latin America and the U.S., announced that it has been named to the highly anticipated 2024 edition of the GSV 150: GSV’s annual list of the top 150 private companies transforming digital learning and workforce skills.

GSV selected the 2024 cohort from 2,000+ global companies using their proprietary rubric of revenue scale, revenue growth, user reach, geographic diversification, and margin profile. These VC- and PE-backed companies are experiencing top-line growth, collectively reaching a staggering ~3B people and generating ~$23B in revenue.

“We are honored to be recognized again by GSV as one of the most transformational companies in Digital Learning,” said Andrés Moreno, founder, Chairman and CEO of Open English. “We believe English fluency is an essential tool for success. It unlocks opportunities for professional advancement, global connections, and economic and social mobility. At Open English, we are constantly analyzing how to leverage technology, most recently AI, to enable access to high-quality, affordable human instruction for adults, children, and corporate workforces anytime, anywhere.”

“The world is adapting to seismic shifts from generative AI,” says Luben Pampoulov, Partner at GSV Ventures. “AI co-pilots, AI tutors, AI content generators—AI is ubiquitous, and differentiation is increasingly critical. The GSV 150 is an impressive group of edtech companies that are leveraging AI and driving positive outcomes for learners and society.”

Workforce Learning companies comprise 34% of the list, K-12 29%, Higher Education 24%, Adult Consumer Learning 10%, and Early Childhood 3%. Additionally, 21% of the companies stretch across two or more “Pre-K to Gray” categories. A broader move towards profitability is also evident: the collective gross and EBITDA margin score of the 2024 cohort increased 5% compared to 2023. 

About Open English

Open English is a leading English language learning company in Latin America and the US Hispanic market. The company was founded in 2007 with the goal of empowering people across the world with the language and digital skills they need to succeed. Open English offers unlimited, 24/7 access to live classes with native-speaking teachers. To learn more about Open English, visit https://www.openenglish.com/investors/. 

ABOUT GSV Ventures

GSV Ventures, a multi-stage venture capital firm focused on the $7+ trillion global education and workforce skills sector, manages and invests from GSV Ventures Fund III. GSV has invested $600M+ in innovators across “Pre-K to Gray” learning, including Class Technologies, ClassDojo, Coursera, Coursehero, Degreed, Guild, Lead School, PhysicsWallah, Photomath, and Valenture Institute.

ABOUT ASU+GSV

Through a deep partnership between Arizona State University (ASU) and Global Silicon Valley (GSV), ASU+GSV Summit has become the world’s most important and impactful annual gathering of 7,000+ “Pre-K to Gray” education leaders. Today, the ASU+GSV platform also includes the inaugural ASU+GSV AIR Show exploring the AI Revolution in EDU.

Source: Open Education

MIAMI, October 9, 2023 (Newswire.com)
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Open English, one of the global leaders in live online English classes, today reports 27% revenue growth year-over-year (2021 to 2022) across all brands and regions, including Latin America, the U.S. Hispanic market, Europe and the Middle East. Steadily growing to more than 10,000 corporate clients and over 2 million students enrolled to date, Open English is poised to continue this meteoric rise based on data from HolonIQ’s 2021 language learning market report. 

The premier resource for comprehensive data on the global impact economy, HolonIQ reports that the $60 billion direct-to-consumer language learning market will nearly double by 2025, reaching $115 billion in revenue led by digital efforts. Furthermore, mobile-first and online tutoring will accelerate rapidly, leading to tens of millions of new learners.

“With an overwhelming majority of language learners seeking to learn English as a second language, Open English is more than ready to cater to these new students thanks to our proprietary technology platform that offers unlimited, 24/7 access to live classes with native-speaking teachers,” commented Andres Moreno, founder and CEO of Open English. “By leveraging technology to drive higher levels of English proficiency, we can increase access to language learning for thousands of people.”

This rising demand for language learning can be attributed to a few different factors, including travel, career, family and life improvement. In a survey of Open English students, 23% reported that they wanted to learn English to live or study abroad, with 96% reporting they could get a better job by learning English and 94% reporting that their personal fulfillment, confidence and satisfaction would increase by learning English.

“Thanks to Open English, I learned English and got a scholarship to a school in the United States. I had tried free apps before, but they were very basic and didn’t help me improve my conversation skills,” commented Luciano Bernstein, track athlete and lawyer from Argentina. “After three months using Open English, I already felt that I improved,” he continued.

To learn more about Open English, please visit https://investors.openenglish.com/.

About Open English

Open English is a leading English-learning platform in the Latin American and U.S. Hispanic markets, providing live, online instruction to over 2 million enrolled students to date. The company is disrupting the brick-and-mortar language-learning market with a proprietary technology platform that offers unlimited, 24/7 access to live classes with native-speaking teachers. Open Education, Open English’s parent company, offers customized learning solutions for businesses (Open English for Business), children (Open English Junior), and digital skills development (NextU). Open English has also expanded its business with Open Mundo, a new online language learning platform that offers French, Italian, Spanish and Portuguese live classes. The company is headquartered in Miami, FL, with offices in Mexico City, Bogota, Buenos Aires, Istanbul, Bangalore and São Paulo. To learn more about Open English, visit OpenEnglish.com.

Source: Open Education