Evaluating DuoLingo Business Model & How does DuoLingo make Money – UE Analysis
DuoLingo is one of my favorite apps on the phone. I don’t have many apps, but I have DuoLingo (that says it enough)! It is based on one of the foremost principles that I stand by through, Free Education for All! No one should have to pay for any basic level education and DuoLingo Business Model just nails it right through the chest with this principle.
About DuoLingo, Funders, Founders and Facts
Duolingo is a free platform that includes a language-learning website and app, as well as a digital language proficiency assessment exam. Duolingo offers all its language courses free of charge. As of 2016, the website and app offer language courses across 23 languages. The app is available on iOS, Android and Windows 8 and 10 platforms with about 200 million registered users across the world.
DuoLingo Founders: Luis von Ahn (he is damn famous and irritating at the same time – read more below about him) and Severin Hacker (Luis’s student).
DuoLingo Funding: Close to about $80 Million in multiple tranches from Union Square Ventures, Ashton Kutcher’s firm, A-Grade Investments and Kleiner Caufield & Byers and the last Series D round of investment led by Google Capital.