EnglishCentral, a provider of a video-based system for learning English online, has raised $3.5 million in an equity financing, according to an SEC filing. We published in October a report that the Lexington, MA-based firm raised an undisclosed amount of equity funding from Atlas Venture and Google Ventures, both of which have offices in the Boston area. This round includes $1.4 million in loans converted to stock. Alan Schwartz, EnglishCentral’s CEO, wasn’t immediately available for comment this morning. His board includes Axel Bichara of Atlas Venture and Rich Miner of Google Ventures.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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