Funding

[Funding alert] Madrid-based AI Writting Platform Correcto Secures $7 mn Seed Funding

Sep 25, 2023 | By Startup Rise EU

Madrid-based AI Writting Platform Correcto Secures $7 million Seed Funding . This news not only marks an important milestone but also stands out as one of the largest financing rounds for a Spanish startup.
Team Correcto

Madrid-based AI Writting Platform Correcto Secures $7 million Seed Funding. This news not only marks an important milestone but also stands out as one of the largest financing rounds for a Spanish startup.

The journey so far Since thei founding in 2021, they have been passionately dedicated to improving communication in Spanish. As they have achieved significant goals, they have captured the attention of investors and industry experts, which ultimately led us to this successful investment round.

Read also - Deskbird, a Swiss SaaS workplace management company, receives $13 mn from ALSTIN Capital and AVP

Their second round of investment attracted many renowned investors in the technology and business industry, who share their vision and believe in Correcto's potential to revolutionize Spanish spelling.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] UK-based Sitehop Secures £5Million in Seed Funding
Startup Rise EU
Mar 1, 2024
recomd
Funding
[Funding alert] UK-based myenergi secured £30m in Funding
Startup Rise EU
Oct 12, 2023
recomd
Funding
[Funding alert] Karlsruhe-based Daedalus Secures $21 Million in a Series A Round Funding
Startup Rise EU
Feb 9, 2024

Among the participants who have contributed capital are: Octopus Ventures, Carya Venture Partners, River Park Ventures.

Read also - British Spacetech Startup Open Cosmos Raises $50 million Series B Round Funding

With the new investment received they will take Correcto to the next level, emphasizing product development, international expansion and an increase in the entire team. Their main focus will continue to be improving our current product and adding multiple features that complete this writing tool, and they are excited for what the future holds.

Their main focus is Spain, the United States and Latin America . There are more than 591 million Spanish speakers in the world (according to the Cervantes Institute). Of these Spanish speakers, people who do not know how to write well cannot access higher level or better paying opportunities.

About Correcto

Using artificial intelligence and machine learning, Correcto is a startup that provides its customers with writing tools that enhance written communication in Spanish by offering the user writing suggestions, tone analysis, and many other features.

Correcto is here to empower you, to make every communication you have your best version. Their mission is to help you, they take care of your writing and you focus on the message.

Read also - Electrical Vehicle (EV) charging Platform VOOL Secured an Additional Seed Funding Round of €2,92 million

Recommended Stories for You

story
Germany

[Funding alert] Berlin-based Vireo Ventures Secures €20 Million in Funding

Startup Rise EU Oct 10, 2023

story
Funding

[Funding alert] London-based Trudenty Raises $500K in a Pre-Seed Round Funding

Startup Rise EU Jan 16, 2024

story
France

[Funding alert] Paris-based Startup Pimento Raises €3M in Seed Funding

Startup Rise EU Dec 9, 2023

story
Funding

CarCloud funding news – Car Finance Platform CarCloud Secures £425k in Seedrs Round Funding

Startup Rise EU Jun 24, 2024

story
Funding

[Funding alert] Belgium-based Azumuta Secures €2.8M in Funding For Further International Growth

Startup Rise EU Oct 6, 2023

story
Funding

SmartLoC funding news – Hamburg-based SmartLoC Raises €1.8 Million in Funding

Startup Rise EU Jun 6, 2024