Fundraising Fox

Duolingo

NASDAQ: DUOL

Pittsburgh, US · Delaware corporation · 13 known investors

duolingo.com ↗

Duolingo offers a language-learning app with short, game-like lessons that teach reading, writing, listening, and speaking, using research-based teaching methods and AI to personalize lessons for learners. It also provides the Duolingo English Test, an online English proficiency assessment.

AI & Machine LearningConsumerEdTechin /duolingo@duolingo

Founders & leadership

AM
Andrew MooreDirector
SH
Severin HackerDirector
LV
Luis von AhnExecutive Officer, Director
BB
Brad BurnhamDirector

Investors · 13

Drive CapitalColumbus · $5M – $30M
Felicis VenturesSan Francisco · $500K – $15M
Firebolt Ventures Management Company, LlcPalo Alto
K2 GlobalSingapore
Kleiner PerkinsMenlo Park · $500K – $15M
Manta Ray VenturesLondon
NewView CapitalBurlingame
PROfounders CapitalLondon · $560K – $3.4M
Runa CapitalSofia · $500K – $5M
Union Square Ventures (USV)New York · $1M – $20Mvia Brad Burnham · board
Wonder VenturesLos Angeles · $100K – $1.5M
CapitalGreportedSan Francisco · $50M – $100Mvia Laela Sturdy · board
Sound VenturesreportedSanta Monicavia Ashton Kutcher · inferred

Reported raises · per SEC filings

Form D private placements
▶$35MraisedNov 2020 · 2 investors · Other Technology
Rule 506(b)
Language learning app Duolingo confirms it has raised $35M on a $2.4B valuationtechcrunch.com · Nov 2020Duolingo reaches $6.5B valuation on day of IPOreuters.com · Jul 2021
Officers, directors & promoters on the filing
  • Gillian MunsonDirector
  • Severin HackerDirector, Executive Officer
  • Brad BurnhamDirector
  • Stephen ChenExecutive Officer
  • Luis von AhnExecutive Officer, Director
  • Matt SkaruppaExecutive Officer
  • Jim SheltonDirector
  • Sara ClemensDirector
  • Amy BohutinskyDirector
  • Laela SturdyDirector
  • Bing GordonDirector
Offering amount
$35M
Amount sold
$35M
First sale
Nov 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10MraisedApr 2020 · 1 investors · Other Technology
Rule 506(b)
Understanding Duolingo’s quiet $10M raisetechcrunch.com · Apr 2020
Officers, directors & promoters on the filing
  • Gillian MunsonDirector
  • Bing GordonDirector
  • Brad BurnhamDirector
  • Stephen ChenExecutive Officer
  • Luis von AhnExecutive Officer, Director
  • Laela SturdyDirector
  • Severin HackerDirector
Offering amount
$10M
Amount sold
$10M
First sale
Apr 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$30MraisedJan 2020 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gillian MunsonDirector
  • Bing GordonDirector
  • Severin HackerDirector
  • Luis von AhnExecutive Officer, Director
  • Brad BurnhamDirector
Offering amount
$30M
Amount sold
$30M
First sale
Nov 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$25MraisedSep 2017 · 3 investors · Other Technology
Rule 506(b)
Duolingo raises $25m at $700m valuation as the company hits 200m usersventurebeat.com · Jul 2017YC-backed Py is a Duolingo style learn-to-code apptechcrunch.com · Jun 2017
Officers, directors & promoters on the filing
  • Andrew MooreDirector
  • Severin HackerDirector
  • Brad BurnhamDirector
  • Luis von AhnExecutive Officer, Director
Offering amount
$25M
Amount sold
$25M
First sale
Jul 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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