Agora, an early-stage technology company changing the way real estate firms manage their investments, has raised $9 million in seed funding to further develop its investment management software and to expand its activity in the United States, the company announced Wednesday.
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The seed financing was led by Aleph, with participation from River Park Ventures and Maccabee Ventures, along with strategic investors from the US real estate market. Founded in 2019, Agora has built a software platform that manages data of investments and assets for the real estate industry.
Today, most real estate funds, developers or family offices waste a vast amount of time and work on managing their data manually, mostly by outdated excel sheets. Agora's platform aggregates data and financial information, automates manual work, calculates costs, yield and additional elements and grants data access to the funds, developers and investors while simultaneously maintaining data security and integrity.
Agora was founded by Bar Mor, CEO, Lior Dolinski, CPO and Noam Kahan, CTO, who met while serving in the IDF's Unit 8200. Over this past year, Agora has grown by a factor of eight in the US, reaching more than $20 billion in assets under management, with some 6,000 investors using the platform on a daily basis.
