Shantel
Key Takeaways:
- Loora, an innovative generative AI English language learning company, has emerged from stealth mode with $9.25 million in seed funding. The funding round was led by Emerge, with participation from Two Lanterns Venture Partners and Kaedan Capital, among others. This funding will enable Loora to further its mission of making English fluency attainable and accessible for over one billion English learners worldwide.
- Traditional English learning solutions can be costly, ineffective, and limited in their ability to provide personalized instruction. Private tutors are expensive and may not accommodate individual learners’ needs, while many language learning apps are gamified and lack comprehensive educational features. Loora aims to address these challenges with its generative AI-powered platform, offering personalized English learning experiences that mimic conversations with native English speakers.
Democratizing Access to English Fluency
As the most widely spoken language globally, English proficiency is crucial for unlocking professional and socioeconomic opportunities. However, many English learning solutions remain costly or fail to meet learners’ needs. Loora aims to democratize access to English fluency by leveraging generative AI technology purpose-built for personalized English language learning.
Loora’s conversational AI enables learners to practice English on-demand, engaging in natural conversations on any topic. The platform provides real-time feedback and offers an affordable alternative to private tutors, removing major barriers to achieving fluency. Notably, 71% of Loora learners utilize the platform to improve their English for professional purposes.
Roy Mor, CEO and Co-Founder of Loora, emphasizes the importance of accessible and impactful English learning solutions in today’s globalized world. The company’s conversational AI is optimized specifically for teaching English, equipping learners with the necessary skills to succeed personally and professionally.
Liad Rubin, General Partner at Emerge, highlights the significance of building and training AI specifically for a domain. Loora’s AI tutor is purpose-built for teaching English, creating a next-generation solution for virtual English education.
Expansion and Future Plans
Loora operates on a subscription model and already has thousands of paid subscribers across the US, Europe, Asia, and Latin America. The recent funding will be utilized to further enhance Loora’s generative AI capabilities through research and development efforts. The company also plans to expand its team of AI researchers and engineers, improve its product, and ramp up marketing initiatives.
Currently available for download on the App Store, Loora intends to expand its availability to Android devices in 2023.
About Loora
Loora leverages the power of generative AI to make English fluency accessible to all. Its conversational AI simulates interactions with native English speakers, offering grammar, pronunciation, and accent feedback without judgment. Loora provides an affordable alternative to private tutors, allowing users to practice English at their own pace and unlock personal and professional growth opportunities. Founded by Roy Mor and Yonti Levin in 2020, Loora is headquartered in Tel Aviv.
