Today we are very happy to announce a US$15 million investment in Duolingo led by New Enterprise Associates (NEA), with participation from our previous investor Union Square Ventures. Given the strong and growing demand for language learning and translation services, especially in developing countries, NEA’s global network and focus on education makes the firm a natural partner for us as we expand internationally.
With the investment, we are also happy to add Harry Weller from NEA to our board. Here’s what Harry had to say:
"Duolingo’s founders have fused a very ambitious mission—making the Web accessible to everyone—with an elegantly architected solution that simultaneously fuels worldwide language learning and targets a massive language translation need. We view this as an opportunity to partner with an exceptional founding team in a space we’re very excited about."
We’ll use the funds to continue improving Duolingo and to add way more languages :)