Real estate investment management start-up Agora lands $34m Series B
Agora, a provider of real estate investment management solutions based in the USA and Israel, has raised $34 million in a Series B funding round led by Tel Aviv’s Qumra Capital with additional support from Insight Partners and UK-based investment firm Aleph.
Agora bags $34m Series B funding
Launched in 2019, the Agora Software-as-a-Service (SaaS) platform has been built to help real estate firms streamline investment management.
The platform provides tools to automate back-office processes as well as an investor portal, client relationship management (CRM) and fundraising tools, a document centre, automated clearing house (ACH) payment services and other operational tools.
Agora says its latest funding round will enable the company to “accelerate its expansion efforts”, with co-founder and CEO Bar Mor adding that the funds will be put towards “research and development” as the start-up looks to enhance its product offerings.
He adds that this effort will have a specific focus on payments, tax, IRA investments, liquidity and other operational and financial services.
To date, the start-up claims to have served over 70,000 real estate investors “across every single asset class”, with a total of $150 billion in assets under management (AUM).
While predominantly operating across North America, Europe and Israel, the firm adds that it is “poised to broaden its presence to additional markets”, namely those of Central and South America and Australia.
