About Duolingo
Duolingo is a company based in Pittsburgh (United States) founded in 2011 by Severin Hacker and Luis Von Ahn.. Duolingo has raised $183.3 million across 9 funding rounds from investors including Kleiner Perkins, General Atlantic and Franklin Resources. The company has 830 employees as of December 31, 2024. Duolingo has completed 3 acquisitions, including Gunner, Hobbes and NextBeat. Duolingo operates in a competitive market with competitors including Rosetta Stone, Beelinguapp, Vocabulary.com, Kamkalima and Mango Languages, among others.
- Headquarter Pittsburgh, United States
- Employees 830 as on 31 Dec, 2024
- Founders Severin Hacker, Luis Von Ahn
- Stage Public
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Sectors
Education
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Duolingo, Inc.
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Annual Revenue
$748.02 M40.84as on Dec 31, 2024
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Net Profit
$88.57 M451.28as on Dec 31, 2024
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EBITDA
$74.42 M1376.5as on Dec 31, 2024
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Total Equity Funding
$183.3 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Kleiner Perkins
& 9 more
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Employee Count
830
as on Dec 31, 2024
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Investments & Acquisitions
Gunner
& 2 more
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IPO & Listings of Duolingo
Duolingo is a publicly listed company on the NASDAQ with ticker symbol DUOL in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
241 people
Sales and Marketing
42 people
Leadership Team
28 people
Senior Team
25 people
Product Management Team
21 people
Creative and Marketing Team
20 people
Operations Team
10 people
Human Resources and Administration
10 people
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Funding Insights of Duolingo
Duolingo has successfully raised a total of $183.3M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(01 Oct 2011)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Post-IPO - Duolingo | Valuation |
investors |
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| Nov, 2020 | Amount | Series H - Duolingo | Valuation | Durable Capital Partners | |
| Apr, 2020 | Amount | Series G - Duolingo | Valuation | General Atlantic |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Duolingo
Duolingo has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Kleiner Perkins, General Atlantic and Franklin Resources. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Growth-stage companies are invested in by CapitalG, Alphabet's independent fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Duolingo
Duolingo has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Gunner, Hobbes and NextBeat. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile games are developed and distributed via app stores.
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2019 | ||||
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Online animation solutions are provided for film and TV industry.
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2018 | ||||
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Illustration and animation services are provided by the studio.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Duolingo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Duolingo Comparisons
Competitors of Duolingo
Duolingo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rosetta Stone, Beelinguapp, Vocabulary.com, Kamkalima and Mango Languages, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Speech-recognition technology is utilized for language learning software solutions.
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| domain | founded_year | HQ Location |
App-based language learning resources are provided for individuals.
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| domain | founded_year | HQ Location |
Interactive games and adaptive dictionary are used for vocabulary learning.
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| domain | founded_year | HQ Location |
Online learning platform for language schools
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| domain | founded_year | HQ Location |
Provides interactive language-learning app for individuals and organizations worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Duolingo
Frequently Asked Questions about Duolingo
When was Duolingo founded?
Duolingo was founded in 2011.
Where is Duolingo located?
Duolingo is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Duolingo?
Luis Von Ahn is the current CEO of Duolingo. They have also founded this company.
Is Duolingo a funded company?
Duolingo is a funded company, having raised a total of $183.3M across 9 funding rounds to date. The company's 1st funding round was a Series G of $10M, raised on Oct 01, 2011.
How many employees does Duolingo have?
As of Dec 31, 2024, the latest employee count at Duolingo is 830.
What is the annual revenue of Duolingo?
Annual revenue of Duolingo is $748.02M as on Dec 31, 2024.
What does Duolingo do?
Duolingo was founded in 2011 in Pittsburgh, United States, as a developer of an edtech platform focused on language acquisition. Lessons are structured in bite-sized formats, with points awarded for progression and leveling up. Curriculum adjustments are made based on users strengths and weaknesses. Immediate grading and feedback are provided to enhance skills, serving global users through the duolingo.com domain.
Who are the top competitors of Duolingo?
Duolingo's top competitors include Rosetta Stone, Vocabulary.com and Beelinguapp.
Is Duolingo publicly traded?
Yes, Duolingo is publicly traded on NASDAQ under the ticker symbol DUOL.
How many acquisitions has Duolingo made?
Who are Duolingo's investors?
Duolingo has 10 investors. Key investors include Kleiner Perkins, General Atlantic, Franklin Resources, Durable Capital Partners, and CapitalG.
What is Duolingo's ticker symbol?
The ticker symbol of Duolingo is DUOL on NASDAQ.
What is Duolingo's valuation?
The valuation of Duolingo is $1.5B as of Nov 2019.
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