Duolingo authorized enough shares for a $10 million raise at a valuation of $1.49 billion, if all shares authorized are issued. The e-learning company is previously backed by CapitalG, Kleiner Perkins Caufield & Byers, Union Square Ventures, New Enterprise Associates, and Drive Capital to name a few. The most recent round, Series G, follows $30 million raised for Series F, valuing the company at $1.41 billion. The terms surrounding the Series G include a pari passu liquidation preference with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $41.3807, an up round from Series F at $39.5702.
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