Agora team – PR
Agora, an Israeli startup offering new tech for real estate firms, raised $34 million in a Series B round of funding led by Israel-based growth fund Qumra Capital.
Founded in 2019 Bar Mor, CEO, Lior Dolinski, CPO and Noam Kahan, CTO who met in their army service in the Israeli Defense Forces Elite Unit 8200, Agora has built a software platform that manages data of investments and assets for the real estate industry.
So, you have your own real estate business. You rent out properties. But you are a small firm, not a giant like Sterling or Blackstone, and are basically a family run business. And you don’t have the time, energy or resources to handle all of the details and day to day stuff that are needed.
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So, what do you do?
Agora helps real estate investors escape the tedium of entering everything on Excel spreadsheets and instead automates everything. Agora says that its platform aggregates all of the data and financial information, automates manual work, and calculates costs, yield and additional elements and grants data access to the funds, developers and investors while simultaneously maintaining the security and integrity of the data. The platform assists the investors in making decisions based on accurate data while following, managing and taking action on their investments in real time.
The company achieved remarkable milestones and growth despite a highly challenging environment for the tech and real estate industries, showing the indispensable value of Agora’s solutions in the sector and growing its revenue three-fold year-over-year. Its commitment to providing a comprehensive solution for investment management led to the launch of tech-enabled financial services, including expert tax, bookkeeping, and international money transfer services. While Agora presently operates predominantly in North America, Europe, and Israel, the company is poised to broaden its presence to additional markets, including Central and South America and Australia.
“We are thrilled to secure this significant investment, which is a testament to the strength of our platform and the promise it holds for reinvigorating the real estate investment industry,” stated Bar Mor, Co-Founder and Chief Executive Officer of Agora. “This funding will empower us to expand our company, allocate resources towards research and development, particularly in operational and financial services such as payments, tax, IRA investments, and liquidity solutions, and continue building the best real estate investment experience in the market.”
