About Loora
Loora is a company based in Tel Aviv (Israel) founded in 2020. It operates as a AI-as-a-Service, Subscription Services, and EduTech. Loora has raised $21.25 million across 2 funding rounds from investors including Emerge, Hearst and QP Ventures. Loora offers products and services including Loora AI English Tutor. Loora operates in a competitive market with competitors including Lingokids, Utter, Lingopanda, Lingio and SpeakBUDDY, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Education
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Phone
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Website
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Social
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- Legal Name Loora Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.25 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series A
Feb 15, 2024
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Investors
Emerge
& 7 more
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Employee Count
Employee Count
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Products & Services of Loora
Loora offers a comprehensive portfolio of products and services, including Loora AI English Tutor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tutor for personalized English speaking practice provided.
Funding Insights of Loora
Loora has successfully raised a total of $21.25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $12.0M
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First Round
First Round
(27 Jun 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Series A - Loora | Valuation | QP Ventures | |
| Jun, 2023 | Amount | Seed - Loora | Valuation | Emerge Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Loora
Loora has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Emerge, Hearst and QP Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Support is provided to startups by Emerge Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Loora
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Loora
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loora Comparisons
Competitors of Loora
Loora operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lingokids, Utter, Lingopanda, Lingio and SpeakBUDDY, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Activity-driven English learning for kids is provided via mobile app.
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| domain | founded_year | HQ Location |
AI-powered chatbots for vernacular English learning applications are provided.
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| domain | founded_year | HQ Location |
English learning is enabled by AI videos and speech assessment.
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| domain | founded_year | HQ Location |
Mobile-first platform for frontline worker training and development is offered.
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| domain | founded_year | HQ Location |
AI-based English language learning solutions are offered for iOS users.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loora
Frequently Asked Questions about Loora
When was Loora founded?
Loora was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Loora located?
Loora is headquartered in Tel Aviv, Israel.
Is Loora a funded company?
Loora is a funded company, having raised a total of $21.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $9.25M, raised on Jun 27, 2023.
What does Loora do?
Loora is built as an advanced AI English tutor application focused on helping users achieve fluency in English. Personalized conversations and real-time feedback are provided to enhance pronunciation, grammar, and overall speaking skills. The app is designed for various real-life situations, including business meetings and job interviews. Users are supported in a judgment-free environment to boost confidence. The education technology sector is primarily served, targeting individuals seeking career, business, and personal growth through language mastery.
Who are the top competitors of Loora?
Loora's top competitors include Lingokids, Lingopanda and Utter.
What products or services does Loora offer?
Loora offers Loora AI English Tutor.
Who are Loora's investors?
Loora has 8 investors. Key investors include Emerge, Hearst, QP Ventures, Two Lanterns Venture Partners, and Kaedan Capital.