Fintech startup Agora has recently announced the successful completion of a $34 million Series B funding round. The round was led by Qumra Capital, a growth fund based in Israel, with participation from Insight Partners and Aleph. This brings Agora’s total funding to $63 million.
Agora, founded in 2019 by Bar Mor, Lior Dolinksi, and Noam Kahan, provides real estate investment management solutions. The company’s valuation has more than doubled since its previous funding round, according to co-founder and CEO Bar Mor. He further mentioned that a portion of the funds will be used for secondary deals.
Currently employing 110 people, Agora has experienced impressive growth with its revenue tripling year-over-year. The company offers tech-enabled financial services, including expert tax, bookkeeping, and international money transfers. While primarily operating in North America, Europe, and Israel, Agora has plans to expand its presence in Central and South America, as well as Australia.
With this new funding, Agora intends to expand its operations, invest in research and development, and enhance its operational and financial services. The company aims to provide the best real estate investment experience by offering innovative payment solutions, tax services, IRA investments, and liquidity solutions.
This latest funding round is a testament to Agora’s success and growth, positioning the fintech startup as a key player in the real estate investment management sector.