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.
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
|