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.

Manish <span>Content Strategist</span>
Written By
Manish Content Strategist

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.
News

Fortnite Hacked: A Massive Loophole Made Hackers Take Over Your Accounts

2 min read  

Fortnite, created by Epic Games, is undoubtedly one of the most famous video games in the world and accounts for almost half of the company’s $8bn estimated valuation. With such massive popularity, cybercriminals stealing access to player’s account illicitly should not come as a surprise

News

Era Of Mobile Apps: How They Have Changed The Way We Live

4 min read  

There is no denying that mobile apps have changed every aspect of our lives. Whether you have to travel, buy groceries, order food, communicate, or perform a banking transaction, there is an app for everything.With all this happening around us, tech and mobile apps have redefined the social norm

News

Google Chrome Now Supports Oculus Rift For Web-Based VR On Desktops

4 min read  

Google Chrome now supports the VR content on websites for Oculus Rifts headset. The update comes in the Chrome 66 version that Google pushed a couple of days back. However, the change was hidden beneath the codes until one Reddit user spotted it and shared over the internet. Now, the Chrome browser

News

iPhone X Users To Relish On Exclusive AR Lenses By Snapchat

4 min read  

Out of the blue, Snapchat started actualizing Apple's TrueDepth camera technology in its Lenses selfie highlight. The iPhone X users who utilize Snapchat will see AR masks fly up in the application that makes utilization of Apple's advanced facial mapping technology to superimpose the mask o

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
Join our expansive network, build connections and expand your brand presence.