New York- Agora, a early-stage tech company, has announced its funding round, raising $ 9 million to further develop its investment management software and expand its business in the United States.
The seed funding was led by Aleph, with participation from River Park Ventures and Maccabee Ventures, as well as strategic investors in the US real estate market. Founded in 2019, Agora has built a software platform that manages investment and asset data for the real estate industry.
Today, most real estate funds, developers or family offices waste a lot of time and work on manual management of their data, mainly using obsolete Excel sheets. For this reason, many private or institutional investors do not have the capacity to make data-driven decisions in an optimal way. Agora’s supports real estate investors in their transition from manual Excel-based processes to modern automated workflows. Agora’s platform aggregates all financial data and information, automates manual work, calculates costs, returns and additional items and grants data access to funds, developers and investors while simultaneously maintaining the data security and integrity. The platform helps investors make accurate, data-driven decisions while tracking, managing and taking action on their investments in real time.
Agora was founded by Bar Mor, CEO, Lior Dolinski, CPO and Noam Kahan, CTO who met during their military service in the elite Israel Defense Forces unit 8200. Bar Mor’s strong family background in the real estate sector, followed by his share of computer skills in the military, enabled him to recognize the acute problem he seeks to solve today with Agora.
Agora has grown 12-fold in the past year in the United States, reaching over $ 25 billion in assets under management and 6,000 investors using the platform daily.
âThe real estate market is outdated and lacks technological innovations. Today, real estate funds and developers work manually to secure dozens of deals and transfer billions of funds. With Agora, all of this can be done with the push of a single button. Agora’s platform is making a real difference in the field by creating trust between funds and investors. All of their time should be spent growing, not manual data work, âsaid Bar Mor, CEO and co-founder of Agora. âMany of our real estate investors started out as clients and, after using the platform, decided to invest in Agora and support our mission: to accelerate the growth and operational efficiency of real estate funds and developersâ.
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