Fundraising Fox

Duolingo

NASDAQ: DUOL

Pittsburgh, US · Founded 2011 · Delaware corporation · Public · 17 known investors

duolingo.com

Duolingo offers a gamified language-learning app with bite-sized lessons that teach reading, writing, listening, and speaking, using AI and language science to personalize instruction. It also provides the Duolingo English Test, an online English proficiency assessment.

Also known as DUOL · Duolingo, Inc.

AI & Machine LearningConsumerEdTech

Founders & leadership

Duolingo was founded in 2011 by Severin Hacker and Luis von Ahn.

SHSeverin Hacker
Severin HackerCo-founder
LVLuis von Ahn
Luis von AhninCEO, co-Founder & Board Member

Board

BBBrad Burnham
Brad Burnhamin𝕏Board directorPartner at Union Square Ventures (USV)
AM
Andrew MooreBoard director

Investors · 17

Also in the syndicate · 3

A-Grade InvestmentsKleiner Caufield & ByersleadTim Ferriss

Reported raises · per SEC filings

Form D private placements

$100M disclosed across 4 of 9 rounds · 2011–2021

$35MraisedNov 2020 · 2 investors · Other Technology
Rule 506(b)
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)
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)
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.

Valuation · disclosed

Disclosed events
$1.5Bvaluation at Series FDec 2019
filing ↗
$700Mvaluation at Series EJul 2017
filing ↗
$470Mvaluation at Series DJun 2015
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Duolingo, Inc. is an American educational technology company headquartered in Pittsburgh, Pennsylvania, that develops learning apps and provides language certification. Its flagship app teaches 40+ languages (sources cite 42 courses) through short, gamified lessons covering reading, writing, listening and speaking, ranging from widely studied languages such as English, French and Spanish to less commonly taught ones such as Hawaiian, Māori and Navajo and constructed languages including Esperanto and Klingon. The learning method uses gamification elements such as points, rewards, streaks, leaderboards and spaced repetition to encourage short daily practice.

Beyond languages, the company has extended its catalog to music, math and chess courses, and it publishes Duolingo ABC, a literacy app for children, and the Duolingo English Test (DET), an online English proficiency assessment used by universities. The app is available on the web and via native clients for Android, iOS and iPadOS, and is offered in more than 30 interface languages. On the Apple App Store the app is rated 4.7 from about 5.4 million ratings, holds an Editors' Choice designation and ranked #4 in the Education chart at the time of retrieval.

Founding story

The concept was formulated in 2009 by Carnegie Mellon University professor Luis von Ahn and his Swiss-born graduate student Severin Hacker. Von Ahn, who had previously co-invented CAPTCHA and created the ESP Game and reCAPTCHA — the latter two acquired by Google — wanted to work on an education project after observing how expensive English instruction was for people in his home country of Guatemala. Hacker, who became co-founder and CTO, framed the goal as free education that could change the world. The founders considered a nonprofit structure but von Ahn judged it unsustainable. The project was initially financed by von Ahn's MacArthur fellowship and a National Science Foundation grant. The company was formally established in 2011 in Pittsburgh, where several early employees were CMU graduates. Duolingo's mascot is a green owl, reportedly because Hacker dislikes the color green.

Business model

Duolingo operates a freemium model: most course content is free and supported by advertising, while paying users get ad-free access and additional features. Paid subscription tiers include Super Duolingo (formerly Duolingo Plus), offered with a 14-day free trial and perks such as no ads, unlimited energy and monthly streak repair, and Duolingo Max, which adds AI features. The company also sells the Duolingo English Test, a lower-cost online proficiency exam that has broadened institutional use and created a separate revenue line.

Revenue derives from consumer subscriptions (Super Duolingo, Duolingo Max), in-app purchases, advertising shown to free users, and fees from the Duolingo English Test certification. Subscriptions purchased through Apple are charged to the user's Apple account and auto-renew unless cancelled. Reported revenue was US$748 million for 2024, with operating income of US$63 million and profit of US$88.6 million.

Traction

User figures reported across sources: about 3 million users at the May 2013 Android launch; 5 million by July 2013; roughly 25 million registered and 12.5 million active users in February 2014; 100 million registered users in June 2015; more than 18 million monthly users in April 2016; over 200 million registered and 25 million active users in July 2017; 300 million registered users on August 1, 2018; 30 million active users in December 2019. Later figures include 116 million monthly active users and over 10 million paid subscribers in 2024 (one secondary source), 38.6 million daily and 88.4 million monthly active users for 2024 (same source), and 130.2 million monthly active users, 46.6 million daily active users and 10.3 million paid subscribers as of March 31, 2025. Financially, 2024 revenue was US$748 million with US$88.6 million profit, total assets of US$1.3 billion and total equity of US$825 million. Headcount grew from 34 employees in February 2014 to about 95 in 2017, roughly 200 in December 2019, and approximately 830 in December 2024. Note that some user metrics conflict across sources.

Latest developments

Recent product expansion has moved beyond languages: a chess course with lessons, puzzles and online matches; a standards-aligned math course spanning elementary through high school; and a music course taught with an on-screen keyboard requiring no instrument. AI integration continued with Duolingo Max (GPT-4) features and, per a secondary source, the announcement of 148 new AI-driven language courses in May 2025, roughly doubling the course library.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Described as the world's most downloaded education app and, as of 2017, the most popular language-learning platform worldwide; the iOS app ranked #4 in the App Store Education chart at the time of retrieval and holds Editors' Choice status. The company is a Nasdaq-listed S&P 400 component. Press cited by the company includes The Wall Street Journal calling it the best language-learning app and coverage from The New York Times, TIME, Forbes and Wired.

The company combines free access to nearly all content with game-like design intended to make daily study habitual, contrasted with the higher cost of traditional language software and courses. Its academic origins at Carnegie Mellon and learning-science-based methodology are positioned as credibility markers, while the crowdsourced/volunteer course creation model and the low-cost, fully online Duolingo English Test provide alternatives to incumbent content production and English certification approaches.

Technology

The platform combines gamification mechanics (points, streaks, leaderboards, rewards) with spaced repetition and adaptive, bite-sized lessons designed by learning experts around a science-based methodology aimed at long-term retention. Speech, reading, listening and writing exercises are delivered through web and native mobile clients. Since 2023 the company has integrated generative AI: Duolingo Max is powered by GPT-4 and includes Video Call and Explain My Answer features, and AI has been used to accelerate content production — one secondary source reports 7,500 content units shipped in 2024 versus 425 in 2021, and 148 AI-generated courses announced in May 2025.

Go-to-market

Growth has been product-led and consumer-direct through the app stores and web, relying on free access, habit-forming mechanics such as streaks and reminders, and word of mouth rather than traditional enterprise sales. Early course creation relied heavily on volunteer bilingual contributors — as of 2017 most of the 72 courses offered were built by volunteers. Monetization layers subscriptions on top of the free base, while the Duolingo English Test extends distribution into universities and institutional acceptance.

Consumer learners of all ages worldwide who want to study languages, math, music or chess in short daily sessions, including people learning for travel, school, career or cognitive health, and children via Duolingo ABC. The Duolingo English Test targets international students applying to universities, and by extension the higher-education institutions that accept the score; it was accepted by more than 90 universities including Yale, Bucknell, Robert Morris, Slippery Rock, Mount Aloysius, Gannon and Lafayette as of 2017.

Geography

Headquartered in Pittsburgh, Pennsylvania, and serving users worldwide, with the interface available in roughly 30 languages. By December 2019 the company had opened additional offices in Seattle, New York and Beijing. Von Ahn cited Pittsburgh's lower cost of living and access to Carnegie Mellon talent as reasons for keeping the headquarters there.

History

Duolingo launched a private beta in late November 2011 and had a waiting list of more than 100,000 people by December 13, 2011; it opened to the public on June 19, 2012, with the waiting list at roughly 500,000. An iPhone app followed in November 2012 and an Android app in May 2013, when the service had about 3 million users; by July 2013 it had 5 million users and was the top free education app on Google Play. Early revenue came from a crowdsourced translation service, later replaced by the Duolingo English Test (launched 2014), advertising and subscriptions. The company raised Series A through Series F rounds between 2011 and 2019, introduced its first paid tier, Duolingo Plus, in 2017 (rebranded Super Duolingo in 2022), and completed an IPO on Nasdaq in June 2021. Subsequent expansion included Duolingo Math and Duolingo ABC (2022), the GPT-4-powered Duolingo Max with Video Call and Explain My Answer (2023), and, per one secondary source, 148 new AI-generated language courses announced in May 2025.

Risks & controversies

The Wikipedia entry carries an editorial notice that some of its listed sources may not be reliable. Reception has been mixed on pedagogical depth, with some observers viewing the product as a game first and a study tool second. Several of the data points in this profile come from commercial analysis-report websites whose figures conflict with one another (for example, 2024 monthly active user counts of 116 million versus 88.4 million), and one such source attributes 2025 full-year revenue of $748 million while Wikipedia attributes the same figure to 2024.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Active usersDec 201930,000,000 users
App Store Education chart rankJan 20264 rank
App Store ratingJan 20264.7 out of 5 (5.4M ratings)
Content units shippedJan 20247,500 units
Daily active usersMar 202546,600,000 users
EmployeesDec 2024830 people
HeadcountAug 20263,106
Language courses offeredJan 202642 courses
Monthly active usersMar 2025130,200,000 users
Monthly usersApr 201618,000,000 users
Net profitJan 2024$88.6M
Operating incomeJan 2024$63M
Paid subscribersMar 202510,300,000 subscribers
Registered usersAug 2018300,000,000 users
RevenueJan 2024$748M
Total assetsJan 2024$1.3B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

6 people who came through Duolingo went on to found or lead other companies.

Competitors · 7

by search overlap
Preply15407 shared keywordsPreply is a language learning platform that serves corporate employees through its B2B offering Preply Business, enabling companies to provide language education to their workforce.
Busuu14691 shared keywordsBusuu is an online language learning platform that combines self-paced lessons, video content from native speakers, and community practice to help users achieve language fluency. The platform serves individual learners and enterprises, offering CEFR-aligned certificates and AI-powered feedback.
Rosetta Stone10831 shared keywordsRosetta Stone is a language learning platform offering immersive lessons, conversation practice, flashcards, and tutoring through its Sapphire product. It serves individual learners as well as enterprises, public and non-profit organizations, and educational institutions.
Babbel10012 shared keywordsBabbel is a subscription-based language learning app offering courses in 14 languages across beginner to advanced levels, using interactive lessons, speech recognition, AI conversation practice, and podcasts. Its content is created by language experts and educators to help users build practical conversation skills.
Quillbot8736 shared keywordsQuillBot provides an AI-powered workspace with tools for writing, paraphrasing, design, and visual generation, letting users brainstorm, research, and produce documents and presentations. It serves writers, students, educators, and professionals for tasks such as content creation, resumes, briefs, and reports.
Grammarly8151 shared keywordsGrammarly is an AI-powered writing assistant that helps users write with clarity and confidence across over 1 million apps and websites. The platform serves professionals, students, and teams through free and premium versions, and uses natural language processing to refine tone, suggest rewrites, and improve communication effectiveness.
Lingoda8057 shared keywordsLingoda is an online language learning platform offering live classes led by certified teachers, available 24/7 in small group or private formats. It teaches languages including German, English, French and Spanish to students worldwide.

Companies competing with Duolingo for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 14

launches, deals, and filings
Jan 2026
Apple App Store Editors' Choice designation

Duolingo holds Editors' Choice status on the US App Store and ranked #4 in the Education chart at retrieval time.

source ↗

Jan 2026
Severin Hacker recognized by the National Inventors Hall of Fame

Recognized for contributions to language learning and technological development.

source ↗

Jan 2026
Chess course available in the Duolingo app

The App Store listing describes a chess course with guided lessons, puzzles and online matches for all levels, alongside math and music courses.

source ↗

May 2025
148 new AI-driven language courses announced

Course library roughly doubled through AI-generated courses, according to a secondary analysis source.

source ↗

Jan 2023
Duolingo Max launched with GPT-4-powered AI features

Introduced AI capabilities including Video Call and Explain My Answer.

source ↗

Jan 2022
Duolingo Plus rebranded to Super Duolingo; Duolingo Math and Duolingo ABC introduced

source ↗

Jun 2021
IPO on Nasdaq under ticker DUOL

Duolingo completed its initial public offering on Nasdaq, raising approximately $521 million.

source ↗

Dec 2019
Offices opened in Seattle, New York and Beijing

Headcount rose to around 200 as new offices were opened alongside the Series F round.

source ↗

Jan 2017
Duolingo Plus subscription introduced

First paid subscription tier, diversifying revenue beyond advertising; later rebranded Super Duolingo.

source ↗

Jan 2014
Duolingo English Test launched

An affordable online English proficiency assessment that created a new revenue stream.

source ↗

May 2013
Android app released

Android app launched when Duolingo had around 3 million users.

source ↗

Nov 2012
iPhone app released

source ↗

Jun 2012
Public release

Duolingo launched to the general public, with a waiting list of roughly 500,000 at the time.

source ↗

Nov 2011
Private beta launch

Duolingo opened a private beta; the waiting list exceeded 100,000 people by December 13, 2011. One secondary source describes the private beta as having over 300,000 participants.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
DuolingoDelaware

In the news

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Duolingo do?
Publicly traded (Nasdaq: DUOL) Pittsburgh edtech company offering gamified language, math, music and chess courses plus an English test.
Who founded Duolingo?
Duolingo was founded by Severin Hacker, Luis von Ahn in 2011.
Who are Duolingo's investors?
Duolingo's investors include CapitalG, Drive Capital, Felicis Ventures, Firebolt Ventures Management Company, Llc, K2 Global, Kleiner Perkins, Manta Ray Ventures, New Enterprise Associates (NEA) and 6 more.
How much funding has Duolingo raised?
Duolingo has disclosed $100M raised across 4 of its 9 known rounds.
Is Duolingo publicly traded?
Yes — Duolingo trades on NASDAQ under the ticker DUOL.
Where is Duolingo headquartered?
Duolingo is headquartered in Pittsburgh, US.