News

Alphabet’s CapitalG Invests $30 Million in Duolingo

With a huge investment of $30 billion, Duolingo has opened new opportunities to improve its features.

Alphabet’s CapitalG Invests $30 Million in Duolingo

Key Points:

  • The business start-up Duolingo reaches a $1.5 billion valuation.
  • The venture capital-funded firm plans to increase its employee base by 50 percent by the end of 2020.
  • The Pittsburgh-based tech start-up reaches 30 million monthly active users, making it one of the best education apps globally. 

The popular language-learning app, Duolingo, has opened up new opportunities for people all around the world. Being bilingual exposes an individual to diverse customs, ideas, and perspectives from different cultures.

Some reports and detailed Duolingo app reviews have suggested that Duolingo is the most downloaded education app in the world having a user base of 30 million.

The company with billion-dollar investors has raised $30 million in a Series F Google parent Alphabet’s CapitalG. This makes the Duolingo’s total revenue to $138 million, making it the first Pittsburgh start-up with a valuation of $1.5 billion.

CapitalG general partner Laela Sturdy in a press release said:

The Duolingo language app has added some new products to expand its user base, including podcasts for Spanish and French learners and a subscription plan that removes ads and provides other features. The company is planning to launch Duolingo Events for the face to face interaction of language learners around the world. 

The Venture Capital industry has recently begun investing in start-ups outside of Silicon Valley. 

Duolingo CEO and co-founder Luis von Ahn said in an email to CNBC:

Pittsburgh Mayor William Peduto worte in an email to CNBC:

Duolingo has planned to use the new Alphabet mission’s funding to expand its employee base by 50 percent. The business start-up aims to reach 300 by next year. The firm is also planning to invest in R&D. The VC funded company is also planning to invest a part of $30 million in the Duolingo English Test, an English proficiency test for international students.

Von Ahn, CEO of Duolingo states that the company would never have reached such a wide user base without the free version of the language learning app. It offers 91 courses across 30 languages.

The company is looking forward to using this investment to continue its growth and improve its features to strengthen its position as the topmost language learning app across the world.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

News

Snapchat Finally Getting Live Video Feature, But It's Not For You

4 min read  

Snapchat, one of the social media sharing hubs just added a new feature to its app. The latest addition adds the capability of live streaming the video over the platform, but unfortunately, you won't be able to use it. The company will be integrating live option in the app but just for its publi

News

Apple Is Providing Battery Replacement Program For 13-inch MacBook Pro

4 min read  

Looks like Apple’s battery woes are not the case with iPhones only. And, how can the technology giant miss on something that is related to battery replacement? Well, such replacements are in the rage and so is the Apple. The very latest feed has come from the giant in the form of a news that t

News

App Growth Awards 2018: List Of All The Finalists

4 min read  

The list of all the finalists for the App Growth Awards 2018 has been officially announced, and we are here to tell you everything you need to know about them. These awards are being featured by the App Promotion Summit, a leading app and mobile conference in Berlin that made its debut in the year 2

News

Apple iOS 12.2 Update Is Out With Features Like Apple News Plus, And More

2 min read  

iOS 12.2 update is out now, and the new update is the second major update to the iOS 12 OS from Apple. Interestingly, the new update has been rolled out right after one month of the release of the last iOS update, i.e., iOS 12.1.4.iOS 12.2 has brought along a multitude of new features like new A

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH