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Funding
Luzia raises EUR 17.7 million in funding to expand product and team
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May 9, 2024
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Generative AI Applications

Generative AI Applications

May 9, 2024

Luzia raises EUR 17.7 million in funding to expand product and team

Funding

  • Spanish AI startup Luzia, offering an AI assistant that integrates with WhatsApp and Telegram, has raised a funding of EUR 17.7 million (USD 19 million). The investment round was led by Monashees, Khosla Ventures, and Endeavor Catalyst, with participation from Pau Gasol and A*, among several other investors.

  • The funding is earmarked for enhancing the AI products of Luzia and expanding its team. The company aims to grow to at least 50 team members by the year-end.

  • Analyst QuickTake: Over the past year, Luzia has completed three funding rounds including a USD 10 million round in October last year, and boasts a user base of 40 million globally. Its recently launched app has seen downloads reach 5.5 million in just three months' time.

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