Duolingo IPO Shows Investors Think Edtech Is Still Growing.
Edsurge
JULY 28, 2021
In 2011, Pittsburgh-based Duolingo was founded by Luis von Ahn and Severin Hacker. And it turns out that online language learning is the fastest-growing market segment within the edtech industry. By the end of 2020, about 344,000 individual Duolingo English Tests were purchased, mostly by prospective international students.
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