The startup, which has 15,000 users and charges $15 per month or $120 a year for access to its app, plans to launch an enterprise service to expand its customer base. The company's founder, Roy Mor, believes that Loora's focus on serious learners and its ability to offer specific language learning use cases make it stand out from other language learning apps.
Key takeaways:
- Loora, a language learning app that uses conversational AI to teach English, has raised $12 million in a Series A funding round led by QP Ventures.
- The app offers AI-generated conversation topics and provides feedback on grammar, pronunciation, and accent, aiming to help users achieve fluency in English.
- Loora plans to use the funding to develop an Android version of the app, enhance its AI technology, expand its workforce, and launch an enterprise service.
- The startup's consumer business has been growing steadily, and it sees potential for further growth in corporate clientele.