Agora startup, which develops a real estate investment management platform, has completed a $ 9 million lime fundraiser

The Agora startup, which develops a real estate investment management platform, has completed a $ 9 million lime fundraiser led by the Aleph Fund and with the participation of the American funds River Park Ventures, and maccabbe ventures together with strategic investors from the US real estate industry. Sarig and Efi Cohen, the founders of Datorma, Sarit Firon, one of the leading investors in Israeli high-tech, Doron Meirsdorf, CEO of Sturdot, Hanan Moore, and Fusion.
The startup has developed a system designed for real estate investment management, a market that rolls in huge sums around the world, but is still largely run by outdated methods of Excel documents and inefficient work in random emails. The result is companies that manage real estate transactions, whether Funds, are inefficient, and spend a lot of time on manual labor, and many investors, whether private or institutional are unable to track and manage their investments in an optimal way.
The system developed by Agora centralizes the data and financial information, enables automation of manual processes, performs cost calculations, returns, taxation and other components and makes all data accessible to both companies and investors in a transparent manner, true to reality and without risk to information security and integrity. With its help, industry practitioners can focus on their actual doing instead of settling administrative matters and make decisions based on accurate information in real time.
The startup was founded in 2019 by Bar Moore, who serves as CEO, Lior Dolinsky, Product Manager and Noam Kahn, Development Manager who recognized their military service as commanders in 8200. Bar Moore is the son of real estate developer Hanan Moore, founder of the public company that builds thousands of units Housing throughout the country. He decided to combine his deep childhood acquaintance with the real estate industry along with high-tech, and solve a real problem he had identified in the early stages of his life. Agora employs 30 people, most of them in a development center in Tel Aviv and the rest in a New York office.
Agora has seen significant growth in North America in recent years, with a total of $ 20 billion in assets managed under the platform, and more than 6,000 investors using the investor portal on a daily basis. Among the customers with whom Agora works in cooperation: Electra Real Estate, Altshuler Shaham, Migdal Capital Markets, Alto Fund, Goldman Investments, Realya Group and many other companies in the US. The funds will be used to further develop the system, recruit developers in Israel, expand the product basket U.S. operations.
Bar Moore: "The US is an ideal destination for us, as the method of group real estate investments is very common there. For example, individuals invest in housing units in a particular construction project and quarterly receive the reports and the relative rent they deserve. The company that manages the investment Needs to keep in touch with investors and build a trust-based relationship with them, send payment reports and sign contracts and manage this operation at the internal level. The platform provides it with a convenient and efficient tool to do all this. Instead of performing all these operations manually Like Excel and Email, all information is centralized in one place, allowing you to perform complex operations at the push of a button. Significant growth. We are proud that our investors in the real estate industry started in part as customers who were enthusiastic about the products and decided to join and invest in us. "