Agora, a real estate investment management platform, has raised a $9 million seed round to further develop its software and to expand its activity in the United States.
Agora reports that the funding was led by Aleph, with participation from River Park Ventures and Maccabee Ventures, along with strategic investors from the US real estate market. Founded in 2019, Agora has built a software platform that manages data of investments and assets for the real estate industry.
Agora has created a platform where funds and other investors can easily manage their real estate holdings. The company states that today much is managed manually via spreadsheets. Agora’s platform aggregates all of the data and financial information, calculates costs, yield, and additional elements, and grants data access to the funds, developers, and investors.
Founded by Bar Mor, CEO, Lior Dolinski, CPO, and Noam Kahan, CTO the trio met during their service in the Israeli Defense Forces Elite Unit 8200. Bar Mor has a family background in the real estate industry.
Agora, based in New York City and Tel Aviv, states that it has grown 12x over the last year in the United States, reaching more than $25 billion in Assets Under Management and 6,000 investors using the platform on a daily basis.
More explains that the real estate market is in need of technological innovation:
“Today, real estate funds and developers work manually to enlist tens of deals and transfer billions in funds. With Agora, all that can be done with the press of one button. Agora’s platform makes a real difference in the field, creating trust among funds and investors. All their time should be dedicated to growth, not to manual data work. Many of our real estate investors started as customers and after using the platform decided to invest in Agora and back our mission: Accelerating growth and operational efficiency for real estate funds and developers”.
