0 Shares EmailFacebookTwitterLinkedInDuolingo has raised $30 million in a new round of funding, bringing it to a $1.5 billion valuation and making it Pittsburgh’s first tech startup to reach unicorn status, according to the company.
Subscribe to the Crunchbase DailyThe language-learning company, which was founded in 2011, landed the money in a Series F funding round led by CapitalG.
The company also offers Duolingo Plus, which removes ads for users and adds other features like offline courses, for $6.99 per month.
The company has 30 million monthly active users, and credits its organic growth to word-of-mouth.
Duolingo last raised money in July 2017, when it landed a $25 million Series E investment led by Drive Capital. | To read full story, visit https://startuparound.com/read/1575500407.2442694/Duolingo-Lands-$30M,-Reaches-Unicorn-Status?ref=audio_experience