Backed By Google Ventures, EnglishCentral Raises $3.5 Million For Video Language Learning
TechCrunch Dec 21 09Video language learning website EnglishCentral recently raised a total of $3.5 million, according to an SEC filing. Part of that funding was $1.38 million from a previous convertible debt round, making the amount raised in the current series A financing $2.1 million. EnglishCentral is backed by Google Ventures and Atlas Venture. The fact that Google Ventures was the lead investor in a seed round last October was reported, but the amount invested was never disclosed. Based on the information in the filing, it is possible that that the seed round was in the form of the $1.38 million convertible note and is now converting into equity with the additional $2. Full story...
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