Duolingo IPO Shows Investors Think Edtech Is Still Growing.
Edsurge
JULY 28, 2021
billion—which is a good moment to reflect on how mobile learning has entered classrooms and how the company has expanded from just an app. In 2011, Pittsburgh-based Duolingo was founded by Luis von Ahn and Severin Hacker. The company also noted that “in 2019 and 2020, we had net losses of $13.6 million and $15.8
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