COMPANY INFO
Duolingo, Inc. is an American educational technology company founded in 2011 by Luis von Ahn and Severin Hacker. It employs approximately 830 people and operates in the online education industry with its website at duolingo.com. Duolingo produces learning apps and provides language certification, offering courses in 43 languages and additional subjects like music, math, and chess through a gamified learning method to motivate users with interactive lessons and rewards. The company also offers the Duolingo English Test and a literacy app for children, following a freemium model with optional premium services.
Duolingo, Inc. is an American educational technology company founded in 2011 by Luis von Ahn and Severin Hacker. Headquartered in Pittsburgh, Pennsylvania, Duolingo operates in the online education industry and employs approximately 830 people as of December 2024. The company is renowned for its popular language-learning platform, which offers courses in 43 languages along with additional subjects like music, math, and chess. Its gamified and interactive approach has made learning accessible and fun for millions worldwide. Duolingo also provides the Duolingo English Test and literacy app for children, operating on a freemium model with premium offerings for advanced features.
Duolingo, Inc. funding has fueled its rapid growth and innovation in the edtech space. Since its founding, Duolingo has raised a total of $183.3 million across 9 funding rounds. The company’s funding strategy has centered on scaling its technology, expanding course offerings, and entering new international markets. Significant funding milestones include reaching unicorn status and driving global expansion through multiple rounds of venture capital investment. These capital infusions from leading investors have enabled Duolingo to introduce new products, enhance user experience, and maintain its leadership in the online education industry.
This latest round of $35 million, led by Durable Capital Partners and General Atlantic at a valuation of $2.4 billion, was used to fuel continued investment in research and development and support Duolingo’s global expansion efforts.
The Series G round brought in $10 million at a $1.65 billion valuation, led by General Atlantic. The funding was timed with a surge in user growth during the early stages of the COVID-19 pandemic and helped scale infrastructure and enhance the platform.
This $30 million round, led by CapitalG, aimed to accelerate Duolingo’s growth and improve the user experience, setting the stage for future expansion and product innovation.
Drive Capital led the $25 million Series E round, which supported further platform development and the introduction of new products.
CapitalG led the $45 million Series D round, allocated for enhancing platform features and expanding into new markets globally.
Kleiner Perkins invested $20 million to help scale the platform and drive user acquisition.
New Enterprise Associates led this $15 million round to expand Duolingo’s course offerings and improve the technology behind the learning platform.
Duolingo’s initial round of $3.3 million was used to develop the core platform and launch the service to the public.
A global investment firm, Franklin Templeton Investments provided capital for Duolingo’s growth and strategic expansion, contributing to later-stage funding rounds that supported global reach and innovation.
Durable Capital Partners played a critical role as a lead investor during Duolingo’s Series H round, helping to increase R&D spending and support international expansion during a period of rapid user growth.
General Atlantic joined as a lead investor in both the Series G and Series H rounds. Their involvement was pivotal in scaling Duolingo during periods of significant user adoption and operational growth.
CapitalG, Google’s growth equity investment fund, led both the Series D and Series F rounds, providing capital and strategic support to enhance Duolingo’s technology and market reach.
Drive Capital led the Series E round, facilitating Duolingo’s efforts to launch new products and further develop its learning platform.
NEA led the Series B round, backing platform expansion and technology upgrades at an early and crucial stage of Duolingo’s development.
Union Square Ventures contributed to early growth rounds, lending expertise in scaling technology startups and fostering Duolingo’s rise in the edtech market.
Kleiner Perkins led the Series C round and actively supported Duolingo’s expansion through financial investment and strategic guidance.
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