Duolingo, the language-learning app and platform, has closed a $30 million Series F round from CapitalG, Alphabet’s growth equity investment fund. This brings the company’s total funding to $138 million and values the tech startup at $1.5 billion.
With 30 million monthly active learners, Duolingo is the most downloaded education app in the world. Since its last funding round in July 2017, the company has grown revenue via its paid subscription offering, Duolingo Plus, and is now also the top-grossing education app worldwide.
“Duolingo has been adding users and revenue at an impressive pace, continuing to solidify their position as the #1 way to learn a language globally,” said Laela Sturdy, general partner at CapitalG.
“The team has demonstrated that sticking to their mission of providing free education is not only good for the world, but it’s also good for business. We are thrilled to continue to support them in this next stage of growth.”
The new capital will be used for continued investment into the research and development of its products, as well as to accelerate the growth and expansion of the Duolingo team.
“We started Duolingo with the mission of making education free and accessible to everybody, and I’m very proud that we’ve now also built a strong business,” added Luis von Ahn, CEO and co-founder of Duolingo.
“CapitalG has been a valuable partner to Duolingo over the past few years, and we look forward to using this investment to continue our growth and further solidify our position as the most widely used and top-grossing language-learning app worldwide.”