Loora Secures $12M in Series A Funding to Revolutionize AI-Powered English Language Learning
Loora aims to provide English language learners with a highly personalized and effective learning experience through its conversational AI, enabling practical fluency in real-life scenarios at an affordable cost.
Company Name: Loora
Location: Tel Aviv, Israel
Sector: AI English Language Learning
Funding Details: Raised $12M in Series A funding, led by QP Ventures, with participation from new investor Hearst Ventures and existing investors Emerge and Two Lanterns Venture Partners, among others.
Purpose of Investment: To expand the team, advance the proprietary AI capabilities of its mobile app platform, and extend its market reach to new audiences.
Leadership: Co-founded by Roy Mor and Yonti Levin in 2020
Product: Loora offers an app-based platform that uses AI specifically optimized for English language learning, providing virtual language coaching 24/7 with personalized learning paths, real-time pronunciation, and grammar feedback on a wide range of conversational topics.
About Company: Loora aims to provide English language learners with a highly personalized and effective learning experience through its conversational AI, enabling practical fluency in real-life scenarios at an affordable cost.