Loora, the first-ever personal AI English tutor has secured $12 Million in Series A Funding round led by QP Ventures with participation from new investor Hearst Ventures and existing investors Emerge and Two Lanterns Venture Partners, among others.
Read also – DustPhotonics Raises $24 Million in Series B Follow-on Round
In the upcoming months, the funding will allow Loora to grow its workforce, develop the in-house AI technology that powers its mobile app-platform, and enter new markets.
Read also – Israel-based BRIA Raises $24M Series A Funding
“Gaining English fluency can drastically improve people’s 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. We are grateful to have such incredible investors supporting us as we work to constantly improve our technology and expand its reach to even more individuals, professionals, and organizations.”
“We invest in exceptional teams with audacious ideas that have far-reaching impact, and Loora fits the bill perfectly with its distinctive application of AI to English language learning that enables true conversational fluency at scale,” noted Daniel Robins at QP Ventures. “Loora’s team has been innovating in AI long before it became popular and have therefore been able to create a prominent and deeply differentiated solution that captures all the advantages and nuances of being tutored by a native English speaker, while making language proficiency accessible, affordable, and achievable with technology. They are natural partners for us and we’re thrilled to join forces with them.”
Read also – Singapore-based Jungle Ventures Invests $20 Mn Walko Food Company
About Loora
Founded by Roy Mor and Yonti Levin in 2020, Loora, AI tutor offers a safe, judgement-free zone for practicing English. It’s dedicated to empowering every step of the way, provides feedback and tools to boost confidence, making your path to English mastery both effective and fast. 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.
Read also – InnoCSR Raises Undisclosed Series A Funding
