Loora, a Tel Aviv, Israel-based AI English language learning company, secured $12 million in Series A funding.
SaaS Investors
The round was led by QP Ventures, with participation from Hearst Ventures, Emerge, and Two Lanterns Venture Partners.
QP Ventures is a venture capital firm that primarily seeks to invest in early-stage companies. The firm backs audacious founders across Seed and Series A, throughout the globe.
Loora Use of Funds
The company plans to use the recent funding to accelerate the growth of its team and operations, deepen the solution's underlying AI technology, and expand its service to reach Android and enterprise users in the coming months.
About Loora
Founded by Roy Mor and Yonti Levin in 2020, Loora harnesses the power of generative AI purpose-built to make English fluency attainable and accessible. Loora provides English language learners with an app-based platform that harnesses AI specifically built, trained, and optimized for gaining practical fluency through personalized learning. The platform offers virtual language coaching 24/7 with real-time pronunciation and grammar feedback on conversations about any topic, at an affordable cost. Loora already has thousands of paying subscribers across the US, Europe, Asia, and Latin America.
Funding Details
Company: Loora Ltd.
Raised: $12.0M
Round: Series A
Funding Month: February 2024
Lead Investors: QP Ventures
Additional Investors: Hearst Ventures, Emerge, and Two Lanterns Venture Partners
Company Website: https://www.loora.ai/
Software Category: English Fluency Solutions
Source: https://www.eu-startups.com/2024/02/tallinn-based-cognitiwe-captures-e1-million-to-spearhead-ai-driven-retail-solutions/