# Duolingo

Duolingo is an Asset Manager based in Pittsburgh, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Pittsburgh, United States
- **Region:** North America
- **Address:** Pittsburgh, PA, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** duolingo.com
- **LinkedIn:** https://www.linkedin.com/company/duolingo

## Regulatory record

- **Reports private funds:** No

## About

Duolingo is a Pittsburgh-based company founded in 2011. It has over 500 million users worldwide and has secured $183.3 million in total funding.

## Sectors

- Education
- Media & Entertainment

## People

- Luis von Ahn — Co-Founder & CEO
- Severin Hacker — Co-Founder & CTO

## Questions

### How does Duolingo generate revenue while keeping the core product free?

Duolingo operates a dual revenue model: an ad-supported free tier that serves the majority of users, and a paid "Super Duolingo" subscription that removes ads and adds features. The company also sells the Duolingo English Test to institutions as a certified proficiency exam. In Q1 2024, subscription bookings accounted for roughly 80% of total revenue, with advertising and the English Test contributing the remainder.

### Does Duolingo invest in external startups, funds, or private companies?

No. Duolingo is an operating company, not an investment vehicle. The firm's capital is deployed entirely into its own product development, marketing, and operations. There is no disclosed external investment portfolio, venture arm, or fund-of-funds allocation.

### How is Duolingo governed post-IPO?

Duolingo listed on Nasdaq in July 2021 under the ticker DUOL. Luis von Ahn retains majority voting control through Class B shares carrying 20 votes each, while public investors hold Class A shares with one vote. This dual-class structure insulates the company's free-access mission from activist pressure.

### What does Duolingo's public-market profile indicate about its scale?

As a Nasdaq-listed company, Duolingo discloses quarterly results under SEC regulation. In full-year 2023, the company reported $531 million in total revenue, 6.6 million paid subscribers at year-end, and approximately 88 million monthly active users. These metrics make it the largest standalone consumer language-learning business globally by user count.

### What languages and products does Duolingo currently offer beyond the core app?

Duolingo offers courses in more than 40 languages, including endangered and constructed languages like Navajo, Hawaiian, and High Valyrian. In addition to the flagship app, the company operates Duolingo English Test, Duolingo Math (a separate iOS app launched in 2022), and Duolingo ABC, a free literacy app for children aged 3–8.

## Related profiles

- [Dunhill Financial](https://altss.com/profile/dunhill-financial)
- [E-telint Capital Partners](https://altss.com/profile/e-telint-capital-partners)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/duolingo

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology