Loora lands $12 million Series A for generative AI English learning platform
Loora lands $12 million Series A for generative AI English learning platform
The Israeli startup provides English language learners with an app-based platform that harnesses AI specifically built, trained, and optimized for gaining practical fluency through personalized learning
Loora, which develops a generative AI English language learning platform, announced on Wednesday that it raised $12 million in a Series A financing round. The round was led by QP Ventures, with participation from new investor Hearst Ventures and existing investors Emerge and Two Lanterns Venture Partners, among others.
The new funding, which comes just eight months after Loora’s launch from stealth with a $9.25 million Seed funding round, will enable the company to expand its team, advance the proprietary AI capabilities fueling its mobile app platform, and extend its market reach to new audiences in the coming months. The company, founded in 2020 by Roy Mor and Yonti Levin, currently employs 14 people and plans to add another 25 employees.
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.
"Gaining English fluency can drastically improve peoples' prospects, whether they're looking to advance in their professional or personal lives. We're excited to have quickly built a reality in which Loora is utilizing AI for good, enabling our rapidly growing community of learners across the globe to improve their lives with this new technology," said Roy Mor, CEO and Co-Founder of Loora. "Building AI that can guide and support learners throughout their journey to achieving English fluency in an effective, engaging, and personalized way is a significant technological endeavor.”
