Real estate investment management platform Agora raises $20 million

Israeli fintech startup Agora, which develops a real estate investment management platform, announced Wednesday that it has raised a $20 million series A round led by Insight Partners, a New York-based global venture capital and private equity firm. . previous funding rounds. Agora has raised a total of $29 million to date.

Agora is a real estate investment management platform that aggregates all investment data and financial information, automates manual tasks, calculates costs, yields, etc. and presents everything in a highly accessible manner for both businesses and investors. developed.

The company’s portal includes financial products that complement existing systems. This includes the ability to process and transfer funds across different investment models between entrepreneurs and investors at the click of a button, currency conversion, and fundraising management tools that change the way companies operate. We provide investors with new investment opportunities and a system for fulfillment and compliance with tax and regulatory requirements around the world.

Agora was founded in 2019 by Bar Mor (CEO), Lior Dolinski (CPO), and Noam Kahan (CTO), who met during military service in the IDF’s 8200 Unit. Mor is the son of real estate developer Hanan Mor, founder of a public company that builds thousands of homes across the country. Mor decided to combine his deep knowledge of real estate with high technology to solve the real-life problems he identified at a young age. Agora currently employs 54 people, most of them in its development center in Tel Aviv and the rest in its New York office.

Agora has experienced significant growth in North America in recent years, reaching $40 billion in assets under management and over 14,000 investors using its investment management platform on a daily basis. Agora’s clients include Electra Real Estate, Altshuler Shaham, Migdal Capital Markets, Gaia Real Estate, The Gelfand Foundation, and many others in the United States.Funds raised will be used for further development of the system, hiring Israeli developers, expanding product portfolio and US operations

“As real estate companies grow, they raise more money and close more deals. But it also means they have more assets to manage and investors to take care of. “We use automation to enable real estate companies to function more professionally while building trust and confidence with investors. It helps us raise funds, save time on paperwork, produce timely and professional tax results, and transfer funds to and from investors with the click of a button.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *