Agora, an innovator in real estate investment management solutions, announced the successful completion of its $34 million Series B funding round, led by Qumra Capital, along with Insight Partners and Aleph. The investment will enable Agora to accelerate its expansion efforts and further enhance its innovative product offerings.
Agora offers a comprehensive solution for real estate professionals, personalizing to their investment management needs. And the company delivers value to its customers by providing the necessary tools to streamline operations, enhance efficiency, and deliver exceptional experiences to its clients.
The company optimizes investor relations to automate reporting and streamline fundraising processes. And Agora’s solutions are meticulously crafted to address the diverse needs of modern real estate investment businesses. Agora helps real estate firms globally manage over 70,000 investors and $150 billion assets under management (AUM) across every single asset class, and company co-founders Bar Mor, Lior Dolinski, and Noam Kahan have a strong background in real estate, creating a unique understanding of their customers and the business.
The company also achieved notable milestones and growth despite a 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.
Agora’s 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. Even though Agora 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.
KEY QUOTES:
“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. 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.”
- Bar Mor, Co-Founder and Chief Executive Officer of Agora
“Agora’s visionary approach, exceptional leadership, and market expertise, combined with their transformative solutions, have significantly reshaped the real estate investment landscape. Having followed their progress over the past couple of years, we’re particularly excited to lead this funding round as we believe in Agora’s potential to become the industry’s standard. Agora represents the new generation of startups that grew rapidly but efficiently during the global downturn and are now ready for their next massive expansion phase. With their track record of execution and dedication, Agora is well-positioned for remarkable growth and continued success as they expand their SaaS solution into new markets and services.”
– Sivan Shamri Dahan, Managing Partner at Qumra Capital
“Agora’s strong momentum since our investment comes on the backs of their continued international expansion and launch of new, differentiated products and services. This is all enabled by the team’s deep understanding of the pain points facing real estate developers and investors. We’re excited to double down on our partnership with Agora.”
– Jon Rosenbaum, Managing Director at Insight Partners
