"The team has demonstrated that sticking to their mission of providing free education is not only good for the world, but it's also good for business. "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," said Laela Sturdy, General Partner at CapitalG.
The new capital will be used for continued investment into the research and development of its products, as well as to accelerate the growth and expansion of the Duolingo team. This brings Duolingo's total funding to $138 million, and makes it Pittsburgh's first tech startup to achieve a valuation of more than $1 billion.
4, 2019 /PRNewswire/ - Duolingo has reached a $1.5 billion valuation after closing a $30 million Series F funding round from CapitalG, Alphabet's growth equity investment fund and an existing investor in the company.
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