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Loora lands $12 million Series A for generative AI English learning platform

Feb 21, 2024almost 2 years ago

Amount Raised

$12 Million

Round Type

series a

Tel AvivE LearningEducation

Investors

Two Lanterns Venture PartnersEmergeHearst VenturesQp Ventures

Description

Loora announced that it raised $12 million in a Series A financing round led by QP Ventures, with participation from new investor Hearst Ventures and existing investors Emerge and Two Lanterns Venture Partners, among others.

Company Information

Company

Loora

Location

Tel Aviv, Tel-Aviv District, Israel

About

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. Engaging with the virtual language coach's conversational AI is tantamount to practicing with a native English speaker, but on the learner's own terms. Loora is available 24/7, provides feedback on grammar, pronunciation, and accent without judgment, and is significantly more affordable than a private tutor, enabling users to practice at their leisure, to speak with confidence, and to unlock professional and personal growth opportunities. For more information visit, https://loora.ai. To download Loora, click here.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech