Duolingo's revenue in 2018 was $36 million. Their estimated annual revenue for 2019 was $86 million.
Duolingo is a free education platform for languages and provides ninety-four courses in twenty three languages. The company was founded by Luis von Ahn and Severing Hacker in 2011, in Pittsburgh, Pennsylvania, United States.
The company looks to provide both a free version and a premium version of the app for $7 per month which removes ads, delivers offline access, and a few other applications. They offer another platform called Duolino for Schools, which allows teachers to track their students.
Timeline
November 18, 2020
Duolingo raises $35M in Funding.
March 26, 2020
Duolingo launches Duolingo ABC, a free English literacy app for children ages 3 to 6.
December 2019
Duolingo raises a $30,000,000 series F round from Capital G and CapitalG.
July 2017
Duolingo raises a $25,000,000 series E round from Drive Capital.
February 2014
Duolingo raises a $20,000,000 series C round.
September 17, 2012
Duolingo raises a $15,000,000 series B round from New Enterprise Associates and Union Square Ventures.
October 19, 2011
Duolingo raises a $3,300,000 series A round from Ashton Kutcher and Union Square Ventures.
Funding rounds
Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
3,300,000
October 19, 2011
15,000,000
September 17, 2012
Products
Product
Description
Website
Launch date
Industry
Duolingo English Test is a English proficiency certification test.
People
Name
Role
LinkedIn
Ashton Kutcher
Investor
Brad Burnham
Investor
Gina Gotthilf
Employee
Jack Morgan
Employee
Jeesoo Sohn
Employee
Judy Ziyu Zhu
Employee
Remy Marechal
Employee
Sean Chin
Employee
Severin Hacker
Founder
Tara Suan
Employee
Tim Ferriss
Investor
Vicki Cheung
Employee
Zan Gilani
Employee
Further reading
Title
Author
Link
Type
Date
Documentaries, videos and podcasts
Title
Date
Link
Companies
Company
CEO
Location
Products/Services
News
Title
Author
Date
Publisher
Description
Natasha Mascarenhas
May 12, 2021
TechCrunch
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. For this week's deep dive, Alex and Danny unpacked Natasha's latest project: The Duolingo EC-1. The 12,000 word four-part series was published last week and is worth a read. But, until you get to it, enjoy our podcast [...]
Natasha Mascarenhas
May 8, 2021
TechCrunch
At the heart of Duolingo is its mission: to scale free education and increase income potential through language learning. However, the same mission that has helped it grow to a business valued at $2.4 billion with over 500 million registered learners, has led to tensions that continue to define the business. How do you survive [...]
Annie Siebert
May 7, 2021
TechCrunch
The pandemic has just pushed edtech mainstream, but language-learning startup Duolingo had already spent the past decade figuring out how to build a successful edtech app. In our latest installment of the EC-1 series, Natasha Mascarenhas goes deep with the company to understand how it found product-market fit, then figured out how to grow like [...]
Candy Cheng
May 7, 2021
Business Insider
Duolingo's 350 workers will return to the office in September, and expected to be in the office Tuesday, Wednesday and Thursdays.
Richard Dal Porto
May 4, 2021
TechCrunch
The tech-heavy Nasdaq fell by more than 2%. Cloud stocks endured twice the damage. What happened? The U.S. government said that it might raise interest rates. So what? Well, when rates were low, lots of money that might have been invested elsewhere was instead funneled into tech stocks and VC funds that invest in startups.
Richard Dal Porto
May 3, 2021
TechCrunch
To get a roundup of TechCrunch's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. TechCrunch's new home The original plan was to spend a minute today explaining that the Daily Crunch is now being put together by a new and expanded team. I, your friend Alex, [...]
Natasha Mascarenhas
May 3, 2021
TechCrunch
Duolingo has been wildly successful. It has pulled in 500 million total registered learners, 40 million active users, 1.5 million premium subscribers and $190 million in booked revenues in 2020. It has a popular and meme-ified mascot in the form of the owl Duo, a creative and engaging product, and ambitious plans for expansion.There's just [...]
Natasha Mascarenhas
May 3, 2021
TechCrunch
As its meandering route to monetization will demonstrate, Duolingo isn't mission-oriented, it's mission-obsessed. Co-founders Luis von Ahn and Severin Hacker never wanted to charge consumers for access to Duolingo content, a purpose imbued throughout the company's culture. For years in order to work at Duolingo, you had to be comfortable with joining a company in [...]
Natasha Mascarenhas
May 3, 2021
TechCrunch
Duolingo CEO and co-founder Luis von Ahn was tired of the gray and dreary design aesthetic edtech companies used to emulate universities. Instead, he and the company's early team sought inspiration from games like Angry Birds and Clash Royale, looking to build a class that screamed more cartoon anarchy than lecture hall. From that frenetic [...]
Natasha Mascarenhas
May 3, 2021
TechCrunch
Luis von Ahn, an entrepreneur who has dedicated his career to scaling free education, has probably annoyed you more than once. In fact, you've likely been annoyed by his work dozens and maybe hundreds of times over the years. A decade before he co-founded the whimsical and language-learning app Duolingo, one of the most popular [...]
Natasha Mascarenhas
May 3, 2021
TechCrunch
Education may well be the most important activity we conduct as a society -- and it may also be the hardest space to build a startup in. Selling to school districts and universities is notoriously difficult, but enticing consumers is even harder. Learning takes focus, patience, tenacity and resources, and most consumers would prefer to [...]
Suzanne Humphries
April 27, 2021
www.reviewgeek.com
Learning doesn't have to stop once you graduate high school or college. In fact, there are tons of websites and apps out there that make learning at any age easy as pie, no matter what kind of topics you're interested in.
Candy Cheng
April 20, 2021
Business Insider
Duolingo has hired Goldman Sachs and Allen & Co. for an initial public offering that could happen as soon as this summer, sources tell Insider.
Natasha Mascarenhas
April 8, 2021
TechCrunch
Before Luis von Ahn co-founded Duolingo, a gamified language-learning app used by hundreds of millions around the world, he was fixated on squiggly letters. The entrepreneur was a co-inventor of CAPTCHA and reCAPTCHA, or those security prompts you get while browsing the web to verify if you are a human or if you are a [...]
Leslie Katz
April 7, 2021
CNET
Learn a bissel Yiddish, or a lot, with Duolingo's new class.
Barbara Krasnoff
April 1, 2021
The Verge
Duolingo, known for teaching well-known tongues such as French, Spanish, and Chinese, has added Yiddish to its series of language courses.
Michael Haley
February 25, 2021
Business Insider
In Harlem Capital's Diverse Founder Report, there are 14 unicorns with diverse founders that have raised over $5.7 billion in funding.
John Besche
January 19, 2021
Business Insider
Learning German is a worthwhile (if challenging) pursuit. Here are the 9 best online courses, apps, books, and websites to practice it at home.
By Kitti Palmai and Will Smale
January 11, 2021
BBC News
As the pandemic has given us time to fill, more of us are learning a new language.
Martin Coulter
January 5, 2021
Business Insider
Experts predict the travel insurance market could be worth almost $40 billion by 2027.
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References
Is a
Company attributes
Location
B2X
CEO
Founder
Crunchbase
Full address
5900 PENN AVE PITTSBURGH, PA 15206 UNITED STATES
CIK number
DUNS Number
037808308
Founded date
November 30, 2011
Total funding amount (USD)
168,299,899
Latest funding round date
November 2020
Business model
AdvertisingSubscription (with freemium option)
Latest funding type
Other attributes
Country
Headquarters
Wikidata ID
Categories
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Every day is a new learning for me, new opportunity every time. Never limit my self, think outside the box. - 7
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Special Projects & Business Development at Golden, Founder - Seed-DB.