Duolingo Inc. raised new money in a fundraising round that values the fast-growing language-learning app maker at $2.4 billion.
The round, which totals roughly $35 million, is led by Durable Capital Partners LP and General Atlantic, according to Duolingo officials. Durable Capital is run by Henry Ellenbogen, a former portfolio manager at T. Rowe Price, who was key to many of the mutual-fund company’s pathbreaking investments in private tech startups. Mr. Ellenbogen founded Durable in 2019.
Duolingo,…
This post first appeared on wsj.com
