Real estate investment management solutions provider, Agora, has announced the completion of its $34m Series B funding round.
The funding round was led by Israel-based growth fund Qumra Capital, with participation from Insight Partners and Aleph.
Agora, a leading innovator in real estate investment management, offers comprehensive solutions for real estate professionals, helping them streamline operations, enhance efficiency, and deliver exceptional client experiences. The company assists real estate firms globally in managing over 70,000 investors and $150bn in assets under management across various asset classes.
The $34m investment will enable Agora to accelerate its expansion efforts and further enhance its innovative product offerings. Bar Mor, Co-Founder and CEO of Agora, stated, “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.” He added that the funding will empower Agora to expand its company, allocate resources towards research and development in areas such as payments, tax, IRA investments, and liquidity solutions, and continue building the best real estate investment experience in the market.
Agora has achieved remarkable milestones and growth despite a highly challenging environment for the tech and real estate industries. The company has tripled its revenue year-over-year, showcasing the indispensable value of its solutions in the sector. Agora’s 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.
Sivan Shamri Dahan, Managing Partner at Qumra Capital, praised Agora’s transformative solutions and market expertise, stating, “Agora’s visionary approach, exceptional leadership, and market expertise, combined with their transformative solutions, have significantly reshaped the real estate investment landscape. 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.”
Jon Rosenbaum, Managing Director at Insight Partners, highlighted Agora’s strong momentum and continued international expansion, stating, “Agora’s strong momentum since our investment comes on the backs of their continued international expansion and launch of new, differentiated products and services. 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.”
With the new funding, Agora is poised to continue its impressive growth trajectory, expanding its presence to additional markets, including Central and South America and Australia.
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