Pittsburgh Pennsylvania based Duolingo is raising $9,999,977.00 in New Equity Investment.
Pittsburgh, PA – According to filings with the U.S. Securities and Exchange Commission, Duolingo is raising $9,999,977.00 in new funding. Sources indicate as part of senior management Co-Founder, Severin Hacker played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Duolingo
Duolingo is the world’s most popular way to learn a language. Our mission is to make education free and accessible to all. Founded in 2011 by Luis von Ahn and Severin Hacker, the company is valued at $1.5B. It is the most downloaded education app in the history of the App Store and in 2019 became the top-grossing education app worldwide. The app has been awarded Apple’s iPhone App of the Year and Android’s Best of the Best. Learning a new language used to be expensive; we believe it should be free. Over 1.2 billion people are learning a second language and most of them are learning English to improve their lives.
To learn more about Duolingo, visit http://www.duolingo.com/
Contact:
Severin Hacker, Co-Founder
412-567-6602
https://www.linkedin.com/in/severinhacker/
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