Agora, an Israel-based real estate investment management startup, has raised $20 million in its Series A funding round led by Insight Partners with participation from Aleph based in Israel, to improve its operations.
- The fund will be used to scale the company's technology stack and hire new talents, the startup claims.
- Founded in 2019, Agora is a proptech/fintech SaaS platform that provides customizable and secure software that enables real estate firms to automate their back-end processes and increase operational efficiency. Its software automates fundraising, investment management, reporting, payments, document sharing, and tax operations.
- It also streamlines communication for firms via its software and manages KYC (Know Your Customer) and anti-money laundering processes for risk-free operations, including facilitating the onboarding of investors for firms.
- The SaaS-based platform also has software for real-time cross-border payments with a focus on real estate. Its software is also used for automating and preparing the filing of taxes for business partners including reporting profits, losses, deductions, and credits.