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What smart money is saying about Duolingo, Inc.United States flag

DUOL · Technology · Software - Application · Market cap $7.01B

4 funds in our archive have pitched Duolingo, Inc. — most recently Infuse AM in March 2026.

Company profile

Duolingo, Inc. develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.

Fund coverage · 4 theses

  • Infuse AM
    March 2026

    Duolingo, Inc. is a language-learning platform leveraging AI to improve courses, with potential for re-accelerating user growth and significant long-term free cash flow relative to its current enterprise value.

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  • Infuse AM
    December 2025

    Duolingo is an engagement-driven education platform expanding into multiple subjects and integrating AI, with exceptional growth endurance and founder-led vision bought at ~18x FCF.

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  • Sands Capital Technology Innovators
    September 2025

    Duolingo is the leading global language-learning app with potential for increased monetization by targeting a larger audience with AI-powered tools.

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  • Artisan US Mid Cap Growth Strategy
    June 2025

    Duolingo is a leading online language learning platform known for its gamified approach and strong growth potential through premium subscriptions, global expansion, and innovative educational products.

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