AI-Powered English Learning App Loora Raises $12M to Fuel Expansion of Personalized Chatbots
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Loora is an AI-powered app that teaches English through conversational chatbots that provide feedback on grammar, pronunciation, and more.
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The app aims to help users achieve fluency rather than just casual conversation skills. It personalizes conversations based on proficiency level.
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Loora raised a $12 million Series A round to fund the development of an Android app, enhance its AI capabilities, and grow its team.
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The startup sees potential in corporate clients in addition to its consumer app, which has seen 8x growth in annual recurring revenue.
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With strong unit economics and demand for English learning, Loora believes it's poised for further expansion despite potential economic headwinds.