Language-learning platform Duolingo has received a $30 million investment from Google Capital G, putting its market value at approximately $1.5 billion.
Duolingo is one of the world’s most downloaded education apps, with 30 million monthly active learners.
The company’s founder claims the app’s mission is to make education ‘accessible’ to all, and Duolingo’s website states ‘we believe true equality is when spending more can’t buy you a better education’.
The app offers over 30 languages which are available to learn based around bite-sized and entertaining lesson styles, focusing on long-term retention and centred on ‘real life’ scenarios.
Technology is utilised to analyse learning styles, and then tailor the lessons to create a personalised learning experience for the user.
Amongst the monthly users, the app claims ‘the richest man in the world’ is amongst them.
Google investment to fuel Duolingo R&D and expansion
The capital from this new investment is going to be used for further investment into product research and development, alongside accelerating its growth and expansion.
Laela Sturdy, General Partner at Capital G, has congratulated Duolingo on the success that it has achieved while remaining stolidly free in the education that it provides:
“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.
“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.”
Duolingo focus remains widening access to education
Such sentiment has been corroborated by Luis von Ahn, CEO and co-founder of Duolingo, who has stated that:
“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.
“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.”
Josephine Walbank is a reporter for Global Education Times (GET News) with a focus on education in the UK, Asia-Pacific, and Americas, and student experience and lifestyle news.
Josephine is an experienced journalist who previously served as the Editor-in-Chief of The Falmouth Anchor. She is also the former Deputy Editor of Voices, the Falmouth & Exeter Students’ Union’s publication, and has written for various food and lifestyle publications.
You can reach her at firstname.lastname@example.org