Correcto raise a $7 million seed round

Written by Alex Bredeen

Correcto raise a $7 million seed round

Correcto has closed their second round of investment (Seed) for a total of 7 million dollars being one of the highest for a Spanish startup. The round was led by Octopus Ventures and had participation from Carya Venture Partners and River Park Ventures. The funds will be used to accelerate product development, international expansion and an increase of the entire team and start expanding into Latin America, given the progress the team had achieved in Spain over the last couple of years.

What is Correcto?

Correcto is a writing tool for Spanish founded in 2021, by Abraham López Lee, Ignacio Prieto Mayorgas and Antonio Triguero Noriega.

It is a platform that improves language, spelling and offers real-time solutions through artificial intelligence to communicate with impact in Spanish. With more than 120,000 downloads, it is designed for anyone who communicates in Spanish, whether for social, professional or academic reasons.

Correcto's team has had great growth in the last year, at the beginning of 2022 there were a total of 6 employees and currently there are more than 25 people in the whole team, forming the departments of artificial intelligence, marketing, technology and sales.

In the last year they have participated in very important events such as the Web Summit held in Lisbon, #Disrupt by TechCrunch in San Francisco and South Summit Madrid 2023 where they had the opportunity to be speakers and show Correcto to an entire community of entrepreneurs and investors.

Alexander Breeden an investor at Fuel Ventures:

"Since we have invested in Correcto's pre-seed round, the team have made huge strides in terms of product and growth. Abraham and Ignacio have managed to gain a strong foothold in terms of users in Spain and this large seed round will really help them accelerate their growth in LATAM. We are excited to see how this round of funding will help support their continued growth."

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