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Agora, a leading innovator in real estate investment management solutions, announced today the successful completion of its £26.7 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.
Complimentary webinars for Guild Members
As part of this collaboration, Morris will deliver four complimentary webinars throughout the year, one each quarter. The inaugural webinar, titled ‘Prospecting Live,’ is scheduled for 7 June 2024. These webinars will be accessible exclusively to The Guild of Property Professionals, positioning the network as a premier destination for estate agency professionals seeking top-tier training.
Speaking about the partnership with The Guild, Tony Morris (picture) comments, “We are excited to be partnering with The Guild, one of the UK’s leading estate agency networks. These webinars will aim to provide agents will practical sales techniques that they will be able to implement to increase conversion rates, improve productivity and exceed their targets.”
In addition to the webinars, a free module of Tony Morris’ training will also be integrated into The Guild’s Learning Platform powered by Moodle, to provide Members with a taster session of the training provided. Titled ‘The Art of Rapport’, the module will be added to new section of the learning platform, which will feature a selection of the best industry training experts.
Over time The Guild will compile a selection of other ‘taster’ sessions from industry experts for Guild Members to watch and learn from. This will then give Members an idea of the learning style and content available from these trainers, allowing agents to make an informed choice about which full courses they may wish to sign up to and take.
As Members, Guild agents will also have access to a discount on the majority of these courses, with details on where to access the courses and what discount is available found on the last module of each taster course.
Commenting on the collaboration, Iain McKenzie, CEO of The Guild of Property Professionals, says: “We are delighted to partner with trainers such as Tony to further provide our Members with access to amazing sales training opportunities. The complimentary webinars and access to online training modules align perfectly with our commitment to delivering value and supporting the professional development of our Members. We are consistently trying to find ways in which we can build increased support for our network, with training a big part of the plan to deliver additional value to our Membership.”
Andrew Stanton’s PROPTECH-X ‘Proptech & Property News’ in association with Estate Agent Networking & News Now publications. #proptech #property #realestate #digitaltransformation #startups
Andrew Stanton Founder & Editor of 'PROPTECH-X' where his insights, connections, analysis and commentary on proptech and real estate are based on writing 1.3M words annually. Plus meeting 1,000 Proptech founders, critiquing 400 decks and having had 130 clients as CEO of 'PROPTECH-PR', a consultancy for Proptech founders seeking growth and exit strategies. He also acts as an advisory for major global real estate companies on sales, acquisitions, market positioning & operations. With 100K followers & readers, he is the 'Proptech Realestate Influencer.'
