What is Duolingo?
Duolingo, headquartered in Pittsburgh, Pennsylvania, is a leading developer of a free language learning online platform. The company has revolutionized how individuals acquire new languages by offering accessible, gamified educational tools. Its platform caters to a global audience, providing courses in numerous languages and continuously expanding its offerings to meet diverse user needs. Duolingo's innovative model has positioned it as a key player in the edtech industry, demonstrating strong potential for continued expansion and user engagement.
How much funding has Duolingo raised?
Duolingo has raised a total of $704.1M across 9 funding rounds:
Series B
$15M
Series C
$20M
Series D
$45M
Series E
$25M
Series F
$30M
Other Financing Round
$10M
Private Equity
$35M
Share Placement
$520.8M
Series B (2012): $15M led by New Enterprise Associates and Union Square Ventures
Series C (2014): $20M supported by Kleiner Perkins Caufield & Byers
Series D (2015): $45M featuring Google Capital, Union Square Ventures, Kleiner Perkins, and NEA
Series E (2017): $25M backed by Drive Capital
Series F (2019): $30M with participation from CapitalG
Other Financing Round (2020): $10M led by General Atlantic LLC
Private Equity (2020): $35M supported by General Atlantic Service Company, L.P. and Durable Capital Partners
Share Placement (2021): $520.8M, investors not publicly disclosed
Key Investors in Duolingo
Google Capital
Google Capital, now known as GV, is a venture capital arm of Alphabet Inc. that invests in companies driving disruption through long-term technology trends. They provide capital and connect entrepreneurs with Google's vast resources to foster growth and innovation.
Kleiner Perkins
Kleiner Perkins is a venture capital firm focused on early and growth-stage technology and life science companies. They provide capital and operational support to founders across various sectors, aiming to build transformative businesses.
Union Square Ventures
Union Square Ventures is a venture capital firm based in New York that invests in transformative markets influenced by technological and societal changes. They focus on innovative companies poised for significant growth and partner with visionary entrepreneurs.
What's next for Duolingo?
With its recent enterprise-level funding and strategic investment, Duolingo is poised for accelerated growth and further innovation. The capital infusion is expected to fuel the expansion of its product offerings, enhance its technological infrastructure, and broaden its market reach. Strategic partnerships and continued development of its AI-driven learning tools will likely be key priorities. This sustained financial support enables Duolingo to solidify its position as a global leader in language education and explore new avenues for educational technology development.
See full Duolingo company page
