Language- learning start-up Duolingo announced on Wednesday that it had raised $45 million in funding led by Google Inc. (NASDAQ:GOOG) Capital, the search giants' growth phase investment branch. The figure more than doubles prior investments for the text translation tool, and the new funding now values Duolingo at $470 million. A Wall Street Journal report also states that owners of the interactive application are now targeting more revenue and worldwide expansion of its tutoring service.
Language- learning start-up Duolingo announced on Wednesday that it had raised $45 million in funding led by Google Inc. (NASDAQ:GOOG) Capital, the search giants' growth phase investment branch. The figure more than doubles prior investments for the text translation tool, and the new funding now values Duolingo at $470 million. A Wall Street Journal report also states that owners of the interactive application are now targeting more revenue and worldwide expansion of its tutoring service.
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