Loora, an AI English language learning startup situated in Tel Aviv, Israel has closed a $12 million Series A fundraising round.
QP Ventures led the round, in which Hearst Ventures, an existing investor, and Emerge and Two Lanterns Venture Partners, among others, also participated.
In the upcoming months, the company plans to utilize the money to grow its workforce, develop the in-house AI capabilities that power its mobile app platform, and enter new markets.
“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.”
Roy Mor
Founded in 2020 by Roy Mor and Yonti Levin, Loora offers English language learners a tailored learning experience through an app-based platform that utilizes AI.