Duolingo Raises $35 Million to Fuel Continued Global Growth
Summary
Tanzeen Syed, Managing Director at General Atlantic, commented, "We are thrilled to deepen our partnership with Luis and Duolingo after initially investing in the business in April 2020. We believe the company has additional opportunity to strengthen its market-leading position and expand its product, team, and customer base, while capitalizing on the global acceleration in digital learning." "In welcoming Durable as our newest investor, and securing General Atlantics deepened commitment, we look forward to partnering with them and using this new capital to further scale our business and bring Duolingo to millions more people worldwide." Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market-leading businesses worldwide. General Atlantic has more than 175 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai and Singapore.