Duolingo was founded in 2011 by Luis von Ahn‎ and ‎Severin Hacker. In an interview with Inc. in December 2018, it was reported the company planning for an IPO in 2020, though no updated timelines have been publicly disclosed. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Duolingo owns and operates a mobile and web app that provides language-learning tools and lessons for free. The company has raised approximately $150 million in Venture Capital funding from investors including NewView Capital, Drive Capital, Inside Capital, CapitalG, Kleiner Perkins, Union Square Ventures, and A-Grade Investments. Per regulatory filings with the SEC, Duolingo last raised $10 million in April 2020 at an estimated post-money valuation of $1.6 billion.

Register for Details

For more details on financing and valuation of private companies similar to Duolingo before its , register or login today.

Please provide a valid email address.

By registering, you agree to Forge’s Terms of Use. Already registered? Log in

Learn More About Duolingo

To invest in Duolingo pre-IPO

Can you invest in Duolingo pre-IPO?

You may invest in Duolingo as it is a public company listed on the NASDAQ with ticker DUOL. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

Can you sell shares of Duolingo before it goes public?

You can no longer sell shares of Duolingo on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.

What is the pre-IPO value of my Duolingo shares?

Forge can no longer determine the value of Duolingo shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.

Is Duolingo a publicly traded company?

Duolingo became a public company following its IPO on 07/28/2021 and is now traded on the NASDAQ under the ticker DUOL.

To learn more about Duolingo potential IPO

Will Duolingo go IPO?

Duolingo became a public company following its IPO on 07/28/2021 and is now traded on the NASDAQ under the ticker DUOL.

What is Duolingo’s IPO price?

The IPO price of Duolingo is not currently available.

When was Duolingo founded?

Duolingo was founded in 2011.

What is Duolingo funding to date?

Duolingo has raised $183.3MM to date.

Duolingo Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
11/18/2020 Series H $35MM $xx.xx $2.42B Durable Capital Partners, General Atlantic
Price per Share
$xx.xx
Shares Outstanding
585,623
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Durable Capital Partners, General Atlantic
04/09/2020 Series G $10MM $xx.xx $1.6B General Atlantic
Price per Share
$xx.xx
Shares Outstanding
241,658
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Atlantic
12/04/2019 Series F $30MM $xx.xx $1.51B Capitalg
Price per Share
$xx.xx
Shares Outstanding
758,146
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capitalg
09/12/2017 Series E $25MM $xx.xx $700MM Drive Capital, Inside Capital
Price per Share
$xx.xx
Shares Outstanding
1,223,708
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Drive Capital, Inside Capital
06/10/2015 Series D $45MM $xx.xx $470MM Ashton Kutcher, Capitalg, Kleiner Perkins, New Enterprise Associates, Timothy Ferriss, Union Square Ventures
Price per Share
$xx.xx
Shares Outstanding
3,153,798
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ashton Kutcher, Capitalg, Kleiner Perkins, New Enterprise Associates, Timothy Ferriss, Union Square Ventures
02/18/2014 Series C $20MM $xx.xx $196.41MM Kleiner Perkins
Price per Share
$xx.xx
Shares Outstanding
2,947,720
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kleiner Perkins
09/17/2012 Series B $15MM $xx.xx $60.39MM New Enterprise Associates, Union Square Ventures
Price per Share
$xx.xx
Shares Outstanding
6,298,550
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
New Enterprise Associates, Union Square Ventures
10/01/2011 Series A $3.3MM $xx.xx $16.27MM A-Grade Investments, Ashton Kutcher, Timothy Ferriss, Union Square Ventures
Price per Share
$xx.xx
Shares Outstanding
3,865,073
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
A-Grade Investments, Ashton Kutcher, Timothy Ferriss, Union Square Ventures
Updated on: Dec 26, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.