# EDGAR Filing Document

**Accession Number:** 0001505782
**File Stem:** 0001104659-23-010576
**Filing Date:** 2023-2
**Character Count:** 12613
**Document Hash:** 268c4ba411aea8fb116a7393dfdd5c4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-010576.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001104659-23-010576

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**GROUP MEMBERS**: KPCB DGF ASSOCIATES, LLC

**GROUP MEMBERS**: KPCB DIGITAL GROWTH FOUNDERS FUND, LLC

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Duolingo, Inc.
- **CENTRAL INDEX KEY:** 0001562088
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 453055872
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93109
- **FILM NUMBER:** 23586995

**BUSINESS ADDRESS:**
- **STREET 1:** 5900 PENN AVE, SECOND FLOOR
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15206
- **BUSINESS PHONE:** (412) 347-6116

**MAIL ADDRESS:**
- **STREET 1:** 5900 PENN AVE, SECOND FLOOR
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15206
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KPCB Digital Growth Fund, LLC
- **CENTRAL INDEX KEY:** 0001505782
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 2750 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-233-2750

**MAIL ADDRESS:**
- **STREET 1:** 2750 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13G<br>INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. 1)\*

Duolingo, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

26603R106

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

◻ Rule 13d-1(b)

◻ Rule 13d-1(c)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⌧ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

Page 1 of 9

Exhibit Index Contained on Page 8

CUSIP NO. 26603R106 13 G Page 2 of 8

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAME OF REPORTING PERSONS KPCB Digital Growth Fund, LLC ("KPCB DGF") | &nbsp;&nbsp;NAME OF REPORTING PERSONS KPCB Digital Growth Fund, LLC ("KPCB DGF") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | | (a) ◻ (b) ⌧ |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<br>NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> 0 shares. |
|  | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> See response to row 5. |
|  | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> 0 shares. |
|  | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH |
|  | REPORTING PERSON | 0 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) |
|  | EXCLUDES CERTAIN SHARES | ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
|  |  | 0% |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;TYPE OF REPORTING PERSON | &nbsp;&nbsp;OO |

---

CUSIP NO. 26603R106 13 G Page 3 of 8

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAME OF REPORTING PERSONS KPCB Digital Growth Founders Fund, LLC ("KPCB DGF Founders") | &nbsp;&nbsp;NAME OF REPORTING PERSONS KPCB Digital Growth Founders Fund, LLC ("KPCB DGF Founders") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | | (a) ◻ (b) ⌧ |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<br>NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> 0 shares. |
|  | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> See response to row 5. |
|  | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> 0 shares. |
|  | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH |
|  | REPORTING PERSON | 0 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) |
|  | EXCLUDES CERTAIN SHARES | ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
|  |  | 0% |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;TYPE OF REPORTING PERSON | &nbsp;&nbsp;OO |

---

CUSIP NO. 26603R106 13 G Page 4 of 8

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAME OF REPORTING PERSONS KPCB DGF Associates, LLC | &nbsp;&nbsp;NAME OF REPORTING PERSONS KPCB DGF Associates, LLC |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | | (a) ◻ (b) ⌧ |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<br>NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> 8,047 shares. |
|  | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> See response to row 5. |
|  | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> 8,047 shares.  |
|  | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH |
|  | REPORTING PERSON | 8047 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) |
|  | EXCLUDES CERTAIN SHARES | ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
|  |  | 0% |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;TYPE OF REPORTING PERSON | &nbsp;&nbsp;OO |

---

CUSIP NO. 26603R106 13 G Page 5 of 8

This Amendment No. 1 amends the Statement on Schedule 13G previously filed by KPCB Digital Growth Fund, LLC, a Delaware limited liability company, KPCB Digital Growth Founders Fund, LLC, a Delaware limited liability company, and KPCB DGF Associates, LLC, a Delaware limited liability company. The foregoing entities are collectively referred to as the "Reporting Persons." Only those items as to which there has been a change are included in this Amendment No. 1.

ITEM 4. <u>OWNERSHIP</u>

The following information with respect to the ownership of the ordinary shares of the Issuer by the persons filing this Statement is provided as of December 31, 2022:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Amount beneficially owned</u>:<br>
See Row 9 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Percent of Class</u>:<br>
See Row 11 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Number of shares as to which such person has</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Sole power to vote or to direct the vote</u>:<br>
See Row 5 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Shared power to vote or to direct the vote</u>:

See Row 6 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Sole power to dispose or to direct the disposition of</u>:

See Row 7 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Shared power to dispose or to direct the disposition of</u>:<br>
See Row 8 of cover page for each Reporting Person.

CUSIP NO. 26603R106 13 G Page 6 of 8

### ITEM 5. <u>OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS</u> <br>
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the following: ⌧
<u>SIGNATURES</u>

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 1, 2023

---

| | |
|:---|:---|
| KPCB DIGITAL GROWTH FUND, LLC, a Delaware limited liability company | KPCB DIGITAL GROWTH FUND, LLC, a Delaware limited liability company |
| By: KPCB DGF ASSOCIATES, LLC, a Delaware limited liability company, its managing member | By: KPCB DGF ASSOCIATES, LLC, a Delaware limited liability company, its managing member |
| By: | /s/ Susan Biglieri |
|  | Susan Biglieri |
|  | Chief Financial Officer |

---

---

| | |
|:---|:---|
| KPCB DIGITAL GROWTH FOUNDERS FUND, LLC, a Delaware limited liability company | KPCB DIGITAL GROWTH FOUNDERS FUND, LLC, a Delaware limited liability company |
| By: KPCB DGF ASSOCIATES, LLC, a Delaware limited liability company, its managing member | By: KPCB DGF ASSOCIATES, LLC, a Delaware limited liability company, its managing member |
| By: | /s/ Susan Biglieri |
|  | Susan Biglieri |
|  | Chief Financial Officer |

---

---

| | |
|:---|:---|
| KPCB DGF ASSOCIATES, LLC, a Delaware limited liability company | KPCB DGF ASSOCIATES, LLC, a Delaware limited liability company |
| By: | /s/ Susan Biglieri |
|  | Susan Biglieri |
|  | Chief Financial Officer |

---

CUSIP NO. 26603R106 13 G Page 7 of 8

<u>EXHIBIT INDEX</u>

---

| | |
|:---|:---|
|  | Found on <br> Sequentially |
| <u>Exhibit</u> | <u>Numbered Page</u> |
| Exhibit A: Agreement of Joint Filing | 8 |

---

CUSIP NO. 26603R106 13 G Page 8 of 8

<u>exhibit A</u>

<u>Agreement of Joint Filing</u>

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of the Issuer shall be filed on behalf of each of the undersigned. Note that a copy of the applicable Agreement of Joint Filing is already on file with the appropriate agencies.