Language learn app Duolingo confirms it has raised $35M on a $2.4B valuation
Last week, we reported that popular language learning app Duolingo, with 500 million total app downloads, was raising $35 million on a valuation of at least $2.21 billion — the latest chapter in what has become a long book on how e-learning and other education startups are raking in big audiences and significant funding, a byproduct of the Covid-19 pandemic driving more people indoors and on to screens for all of their interactions.
Now Duolingo’s numbers are official. The company has confirmed that it has raised $35 million in funding from two investors, Durable Capital (the firm founded last year by Henry Ellenbogen, previously a star at T. Rowe Price) and General Atlantic. The funding is bringing the valuation of Duolingo up to $2.4 billion.