Madrid-based language writing tool startup, Correcto, has secured $7 million in seed funding, led by Octopus Ventures, with participation from Carya Venture Partners and River Park Ventures. Correcto aims to create a “Grammarly-style” auto-editing tool for correcting written Spanish.
The founders, who hail from Spain but spent time studying and working abroad, were inspired to create Correcto after using tools like Grammarly to enhance their English writing skills. The startup was founded in a bid to meet the needs of users by providing them with similar tools for Spanish speakers, while enhancing the quality of written Spanish, with a focus on grammar and style.
The company launched a Chrome extension to test demand and later introduced a freemium web app, gaining 120,000 downloads with 70,000 active users to date.
Correcto emphasizes on the relevance of its tool, claiming that it offers higher-quality Spanish text corrections tailored to the professional business users that are it’s primary target market. The tool also facilitates individual learning through real-time auto-editing and user feedback, a unique difference from common LLMs (Language Learning Models) that produce fully corrected texts automatically.
In addition, through “augmented intelligence”, the company aims to preserve the personal touch and voice of users’ writing styles while boosting productivity. While large language models like ChatGPT can generate text in Spanish, Correcto believes that its tool provides more granular opportunities for human learning by offering real-time editing and feedback.
The startup has defined the majority of its target audience as Latin American Spanish speakers, as well as places like Colombia, Mexico, Argentina, Spain, and the US as its top user bases.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
