Duolingo attracts $20 mln

Duolingo said Tuesday that it has raised $20 million in funding. Kleiner Perkins Caufield & Byers led the round. Based in Pittsburgh, Duolingo is a language learning platforms. Its backers include Union Square Ventures, NEA and actor Ashton Kutcher.

PRESS RELEASE

Duolingo has just closed a $20 million round led by venture capital firm Kleiner Perkins Caufield & Byers.
Since its launch in 2011, Duolingo has grown to over 20 million users (10+ million actives), brining free language education to the world. It is the #1 education app on iTunes and Google Play, and was awarded App of the Year 2013 by Apple and voted “Best of the Best” by Google. Duolingo also won a Crunchie for “Best Education Startup” at the Crunchies Awards on Feb. 10.
With the launch of its Language Incubator in October 2013 – a way for the community to create free language courses – the platform has grown from its original 6 language courses to 18 courses in just 3 months. 11 other languages are already in production, with the goal of offering every language on Earth including endangered and fictitious ones.
Duolingo’s original business model, based on co-founder Luis von Ahn’s notorious reputation for pushing the boundaries of human collaboration through technology to solve large scale world problems, has already drawn international media corporations as clients such as CNN and BuzzFeed. This ensures the platform will always remain free for its users.
Duolingo has previously raised a $3.3 million Series A round lead by Union Square in 2011, and a $15 million Series B round led by NEA in 2012. Other investors include Ashton Kutcher and author Tim Ferriss.

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