Today's Date: May 25, 2022
Carve Designs Unspools Short Film Series, “Mothers, Purpose + the Future,” Spotlighting Women/Mothers Living in Ha   •   Supergoop! and Blackstone Growth (BXG) Partner with New Investors to Teach Even More People About the Importance of Daily SPF   •   Global Surrogacy Services Announces Outreach to Potential Gestational Surrogates in Three Southwestern States   •   Five Bluum Standouts Honored on CRN 2022 Women of the Channel List   •   NAPA AUTO PARTS Makes Driving to Dollywood a Breeze Thanks to Parking Lot Vehicle Assistance Program   •   NCCI Golf Event Generates $25,000 for Kids' Chance of America Scholarships   •   Mrs. Flowers Takes the Helm at Comfort Home Care, Rockville, MD   •   University of Phoenix Holds Annual Memorial Day Flag-Planting Event Honoring Fallen Soldiers   •   Apple Unveils New Apple Watch Pride Edition Bands   •   Crumbl Cookies, the Nation’s Largest Cookie Company, Coming to East Peoria   •   Tracey Hayes from MicroAge Named on CRN's 2022 Women of the Channel Power 70 Solution Providers List   •   Checkmarx' Ana Lucia Amaral Honored as a CRN 2022 Woman of the Channel   •   Equitable Bank Releases Inaugural ESG Performance Report   •   Conrad N. Hilton Foundation Awards $50 Million in Grants in First Quarter of 2022    •   Torrid Announces Reporting Date for First Quarter Fiscal 2022 Financial Results   •   True Religion and London-Based Artist Soldier Reimagine Camouflage in Upcoming Capsule Collection   •   Closing the Health Disparity Gap for Black Women   •   Four recipients of the 2022 Awards of Excellence in Nursing announced from Indigenous Services Canada   •   RNR Tire Express Surprises Tampa-Area Woman with New Car in Mother's Day Giveaway   •   Beech-Nut® Nutrition Company is Recognized by BabyCenter and Healthline Food Awards
Bookmark and Share

Open English Named To GSV EdTech 150

MIAMI , January 14 /Businesswire/ - Open English, a leading online English learning platform in Latin America, today announced that it has been named to the GSV EdTech 150, a list of the world’s most transformational growth companies in digital learning curated by female-led, multi-stage venture capital firm GSV Ventures.

Open English was chosen from over 3,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together these 150 companies reach roughly 3 billion people -- almost half of the global population -- and generate approximately $20 billion in revenue.

GSV launched the list of education technology leaders in 2020 with the EdTech 50. Due to rapid growth in the sector, necessitated by a global pandemic and continued remarkable technological evolutions, the list increased to 150 in 2021. In 2022, the sector shows no signs of slowing down with the 150 companies selected for this year’s list collectively experiencing revenue growth in the high double digits.

Learn more about the GSV EdTech 150 and the selection process here.

"We are honored to be recognized 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 and unlocks significant opportunities for professional advancement, global connections, and economic and social mobility. At Open English, we are leveraging technology to enable access to high-quality, affordable human instruction for adults, children, and corporate workforces anytime, anywhere.”

“Today, we announce the annual GSV EdTech 150," said Luben Pampoulov, Partner at GSV Ventures. "As the global pandemic continues to drive learners online, more and more companies are innovating in the digital learning space — making it increasingly competitive for companies to make the top 150. We evaluated over 3,000 companies globally this year. The way GSV sees it, Ed is on The Edge, and increasingly more companies have the ideas, know-how, and talent to transform the world and provide all people equal access to the future. We know these companies are well-equipped to help us achieve that goal, and we look forward to watching them do so.”

To arrive at its listing, GSV evaluated more than 3,000 venture capital and private equity-backed private for-profit companies that met the following criteria:

  • VC or PE-backed companies in Digital Learning, excluding public and nonprofit companies
  • Companies that have achieved meaningful scale, and primarily, but not exclusively, those that are post-Series A in their development
  • Companies experiencing strong, organic top-line growth

The final selection is determined by GSV’s internally developed scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.

The GSV EdTech 150 is distributed across three major sectors: Life-Long Learning, Higher Ed, and K-12. Life-Long Learning (inclusive of Workforce Learning and Adult Consumer Learning) is the leading sector with 42% of the GSV EdTech 150 falling within the category, with an additional 5% of companies serving the Life-Long Learning and Higher Ed blend and another 3% serving both K-12 and Life-Long Learning. Together K-12 and Early Childhood account for 27% of the list, while companies in the Higher Ed sector account for just 5% and 9% of the GSV EdTech 150 serve a blend of the two. Excitingly, more companies are serving all sectors than ever before, with 9% of the GSV EdTech 150 serving all three major sectors.

North America — specifically the United States — is the most represented region accounting for 56% of the GSV EdTech 150. 11% of the GSV EdTech 150 hail from India, whose market is experiencing explosive growth with five EdTech unicorns that include BYJU’s, Eruditus, Unacademy, Upgrad, and Vedantu. Europe, Africa, and the Middle East represent 17% of the listing, with several high-quality, fast-growing companies such as OpenClassrooms, Multiverse, and Photomath. Asia, Australia, and New Zealand account for 11% of the list, while China experienced a significant decline in representation due to increased government regulation. Latin America represents 5% of the list and has shown strong growth trends, with companies like Hotmart, Descomplica, and UOL EdTech leading the way.

See the full GSV EdTech 150 at www.asugsvsummit.com/edtech-150

GSV Ventures

GSV Ventures is a female-led, multi-stage venture capital firm focused on the $7+ trillion education sector. The fund is currently investing out of GSV Ventures Fund III and backs innovative entrepreneurs around the world in the "Pre-K to Gray" Arc of Learning. GSV manages over $675 million in global EdTech investments. Portfolio holdings include Andela, Class Technologies, ClassDojo, Coursera, Course Hero, Degreed, Guild, MasterClass, Outlier, Photomath, Quizizz, Lead School, Brightchamps, and ClassPlus, among others.

About Open English

Open English is a leading English language learning company in Latin America. 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 OpenEnglish.com


STORY TAGS: United States, North America, Award, Florida, Consumer Electronics, Other Education, Technology, Continuing, Human Resources, University, Finance, Primary/Secondary, Education, Training, Professional Services, Women, Software, Consumer, Internet,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News