NEW
YORK, May 16, 2024 /PRNewswire/ -- Agora, a
leading innovator in real estate investment management solutions,
announced today the successful completion of its $34 million Series B funding round, led by
Israel-based growth fund 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.
"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,"
stated Bar Mor, Co-Founder and Chief Executive Officer of
Agora. "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."
Agora offers a comprehensive solution for real estate
professionals, catering to their investment management needs. The
company delivers value to its customers by providing the necessary
tools to streamline operations, enhance efficiency, and deliver
exceptional experiences to its clients. From optimizing investor
relations to automating reporting and streamlining fundraising
processes, 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 $150B AUM [assets under
management] across every single asset class and their 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 achieved remarkable milestones and growth despite a
highly 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. Its
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. While Agora presently 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.
"Agora's visionary approach, exceptional leadership, and market
expertise, combined with their transformative solutions, have
significantly reshaped the real estate investment landscape,"
stated Sivan Shamri Dahan, Managing Partner at Qumra
Capital. "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."
"Agora's strong momentum since our investment comes on the backs
of their continued international expansion and launch of new,
differentiated products and services," said Jon Rosenbaum, Managing Director at Insight
Partners. "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."
Agora's success story is a testament to its unwavering
commitment to excellence and ability to adapt to changing market
conditions. With the new funding, Agora is poised to continue its
impressive growth trajectory, continuing to redefine the real
estate investment management landscape.
Book a demo to learn more about Agora here:
https://agorareal.com/
About Agora:
Agora is a comprehensive software
solution that utilizes technology, automation, and real estate
expertise to streamline investment management. Based in NYC and
Tel Aviv, Agora is a fintech/SaaS
company dedicated to helping real estate firms raise and preserve
capital. By automating back-office processes, enhancing investor
satisfaction, and offering advanced operational tools, Agora
empowers clients to optimize efficiency. Trusted by top real estate
firms like Decron Properties, Beachwold, and Electra America, Agora
is revolutionizing the industry. Learn more at
agorareal.com.
About Qumra:
Qumra Capital is a leading Israeli
late-stage fund, focused on investments in fast-growing technology
companies, aiming at transforming start-ups into global leaders in
their field. With over $1 billion in
assets under management, Qumra has proven expertise in methodically
growing a portfolio of strong-performing companies.
Founded in 2014, Qumra Capital boasts a stellar record of
backing companies that have achieved global success. Its portfolio
includes a diverse range of industry leaders spanning various
sectors, such as JFrog, Fiverr, Riskified (RSKD), AppsFlyer, Minute
Media, Simply, Augury and more.
About Insight Partners:
Insight Partners is a
global software investor partnering with high-growth technology,
software, and internet startup and scaleup companies that are
driving transformative change in their industries. As of
December 31, 2023, the firm has over
$80 billion in regulatory assets
under management. Insight Partners has invested in more than 800
companies worldwide and has seen over 55 portfolio companies
achieve an IPO. Headquartered in New York
City, Insight has offices in London, Tel
Aviv, and the Bay Area. Insight's mission is to find, fund,
and work successfully with visionary executives, providing them
with tailored, hands-on software expertise along their growth
journey, from their first investment to IPO. For more information
on Insight and all its investments, visit insightpartners.com or
follow us on X @insightpartners.
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SOURCE Agora Real Estate