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December 14, 2010

English-learning site Wiz World Online raises $5.2 million, Mizuho invests

Teaching-English-in-Japan-Education-wiz-world-online.jpg" 8D World, the creator of Wiz World Online, an immersive English-learning site currently available in China, announced today that Mizuho Capital of Japan had joined existing investors Spark Capital and Gobi Partners in the company’s $5.25 million Series B round of financing.

Since the release of Wiz World Online, the world’s first immersive virtual world designed for English-as-a-foreign/second-language (EFL/ESL) learners, 8D World has significantly expanded its product suite and distribution network. A growing number of curriculums such as Wiz Kid English, Rocket English, and Cambridge English for Young Learners have been incorporated into Wiz World Online. Prominent organizations such as CCTV and ONLY Education as well as hundreds of public and private schools in China have partnered with 8D World.

“We are very excited to have the opportunity to invest in 8D World,” said Akira Sakai, Executive Officer of Mizuho Capital. “8D World has already established partnerships outside China. With its innovative English education platform and scalable business model, we look forward to helping 8D World expand into many markets in Asia.”

The company is looking to expand into South Korea, Japan and other parts of Asia.

Reported by: Russell Willis

See Also:
Wiz World Online (Chinese)
Tech Crunch story on 8D and Wiz World
NTT invests in EnglishCentral

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