Loora Raises US$22 Mn Series B to Expand AI-Powered English Learning App

The company’s revenue has more than doubled, while its annual recurring revenue (ARR) has reached tens of millions of dollars.

The funding round was led by Union Tech Ventures, with participation from vgames and existing investors Emerge, Hearst Ventures, and QP Ventures.

With this latest investment, Loora’s total funding has reached $43 million.

The company will use the new funding to hire more employees. Loora plans to double its team to 60 people within the next six months.

Most of its employees will work from Loora’s offices in Tel Aviv.

“Those who already speak English tend to underestimate the scope of opportunities it unlocks,” said Roy Mor, Loora’s CEO. “For most of the world, English is the most significant gateway to advancement, a better job, university admission, or a completely different future.”

Loora was founded by Roy Mor and Yonatan, Loora is an AI-powered app that helps people learn and improve their English through interactive lessons and practice.

The app uses AI to help users practice speaking, have conversations, and build their English skills easily.

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