Duolingo is the most downloaded learning app in the world with 30 million monthly active users, and has grown purely through word of mouth.
Fremont, CA: Duolingo, a leading platform that includes a language-learning website and an app, raises another $30 million in Series F funding led by CapitalG, Alphabet's growth equity investment fund, and an existing investor in the company. After this funding, Duolingo's total funding reached $138 million, making it Pittsburgh's first tech startup to reach a valuation of $1.5 billion. Experts and commentators named this as a "new tech unicorn".
The new capital, thus raised, will be used for constant investment in the research and development of its products, besides accelerating the expansion and growth of the Duolingo team.
"Duolingo has been adding users and revenue at an impressive pace, continuing to solidify their position as the #1 way to learn a language globally," s
aid Laela Sturdy, General Partner at CapitalG. "The team has demonstrated that sticking to its mission of providing free education is not only good for the world, but it's also good for business. We are thrilled to continue to support them in this next stage of growth."Duolingo is the most downloaded learning app in the world, with 30 million monthly active users and has grown purely through word of mouth. The company has raised revenue via its paid subscription offering, Duolingo Plus, since its last funding round in July 2017, and is now one of the highest revenue generator education app worldwide. Duolingo Plus removes ads and offers additional features, whereas all educational content on Duolingo remains to be free.The areas where Duolingo strives to develop are:
Product Innovation Duolingo has released world-class podcasts to help Spanish and French learners with listening comprehension, launched Duolingo Stories to assist with reading comprehension and introduced Duolingo Events to unite learners across the world in person to practice conversation.
New Language Courses Duolingo has added new lessons for significant languages such as Chinese, Hindi, Korean, and Arabic, as well as endangered languages such as Navajo and Hawaiian.
Team growth The company has opened offices in New York, Seattle, and Beijing and grown to 200 employees today, from 95 in July 2017.