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    DUOL   US26603R1068

DUOLINGO, INC.

(DUOL)
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Delayed Nasdaq  -  05/20 04:00:00 pm EDT
76.46 USD   -4.33%
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Venture capital firm Kleiner Perkins raises $1.8 bln via two new funds

01/11/2022 | 11:22am EDT

Jan 11 (Reuters) - Venture capital firm Kleiner Perkins said on Tuesday it had raised $1.8 billion through two new funds, as it aims to expand into sectors such as fintech and consumer after a record year for venture funding deals.

The firm raised $800 million and $1 billion for funds named KP20 and Select2, to invest in early stage startups across sectors. The company is also looking to tap into more cryptocurrency investments.

Over the past five decades, the venture capital giant has invested in some of the biggest technology companies, including Alphabet Inc, Amazon.com Inc, Twitter Inc and Uber Technologies Inc

The ongoing consumer shift towards digitization will continue, driving up demand for tools offered by technology companies, said Mamoon Hamid, partner at Kleiner Perkins.

Kleiner Perkins' fundraise follows that of Silicon Valley-based venture capital giant Andreessen Horowitz, which raised a massive $9 billion through three new funds last week.

A total of 38,644 venture capital deals were made globally last year, totaling $671 billion in volumes, higher than any other year on record, according to data from PitchBook.

Kleiner Perkins said it had raised 20 early-stage venture funds since it was founded in 1972.

A string of its portfolio companies listed on public exchanges in New York last year, including language learning app Duolingo Inc and online education platform Coursera Inc , fetched a valuation of more than $5 billion each.

(Reporting by Sohini Podder and Manya Saini in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.34% 2178.16 Delayed Quote.-24.81%
COURSERA, INC. 0.39% 15.57 Delayed Quote.-36.29%
DUOLINGO, INC. -4.33% 76.46 Delayed Quote.-27.94%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
TWITTER, INC. 2.68% 38.29 Delayed Quote.-11.41%
UBER TECHNOLOGIES, INC. 0.47% 23.35 Delayed Quote.-44.31%
All news about DUOLINGO, INC.
05/16NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
05/13SECTOR UPDATE : Consumer Stocks Extending Recovery into Friday Close
MT
05/13SECTOR UPDATE : Consumer Discretionary Stocks Helping Pace Friday Markets Recovery
MT
05/13Duolingo Trims Q1 Loss as Sales Jump; 2022 Revenue Forecast Above Street Estimate; Shar..
MT
05/13SECTOR UPDATE : Consumer
MT
05/13Top Midday Gainers
MT
05/13BofA Securities Adjusts Duolingo's Price Target to $135 from $165, Keeps Buy Rating
MT
05/13Piper Sandler Adjusts Duolingo's Price Target to $95 From $111, Reiterates Overweight R..
MT
05/13Goldman Sachs Adjusts Price Target for Duolingo to $106 From $120, Maintains Neutral Ra..
MT
05/13Duolingo Trims Q1 Loss as Sales Jump; 2022 Revenue Forecast Above Street Estimate -- Sh..
MT
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Analyst Recommendations on DUOLINGO, INC.
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Financials (USD)
Sales 2022 354 M - -
Net income 2022 -69,9 M - -
Net cash 2022 542 M - -
P/E ratio 2022 -43,0x
Yield 2022 -
Capitalization 2 994 M 2 994 M -
EV / Sales 2022 6,92x
EV / Sales 2023 5,39x
Nbr of Employees 500
Free-Float 56,5%
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Technical analysis trends DUOLINGO, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 9
Last Close Price 76,46 $
Average target price 108,38 $
Spread / Average Target 41,7%
EPS Revisions
Managers and Directors
Luis von Ahn Chairman, President & Chief Executive Officer
Matthew Skaruppa Chief Financial Officer
Severin Hacker Director & Chief Technology Officer
Gillian Munson Independent Director
Amy C. Bohutinsky Independent Director
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