Duolingo Raises $35 Million to Fuel Continued Global Growth
11/18/20, 2:04 PM
Location
pittsburghMoney raised
$35 million
Industry
edtech
language learning
e learning
education
Duolingo, the world's most popular language-learning platform, today announced that it has raised $35 million in financing at a $2.4 billion valuation from Durable Capital Partners LP, an investment management firm that invests in both public and private markets, and General Atlantic, a leading global growth equity firm. This latest financing round brings the company's total funding to $183 million. Duolingo will use the new capital to fuel continued investment into the research and development of its suite of global language-learning products, as well as to accelerate the growth and expansion of its team.
Company Info
Location
pittsburgh, pennsylvania, united states
Additional Info
Duolingo is the leading mobile learning platform globally. Its flagship app has organically become the world's most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. With technology at the core of everything it does, Duolingo has consistently invested to provide learners a fun, engaging, and effective learning experience while remaining committed to its mission to develop the best education in the world and make it universally available.