Agora, an Israeli startup offering new tech for real estate firms, has completed a seed round of funding raising $9 million led by Aleph, with participation from River Park Ventures and Maccabee Ventures, along with strategic investors from the US real estate market.to further develop its investment management software and to expand its activity in the United States.
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.
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.
Agora has grown 12 fold 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.
“The real estate market is outdated and lacks technological innovations. 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,” said Bar Mor, CEO and Co-Founder of Agora. “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.”