Agenz Raises $5 Million to Transform Morocco’s Property Market

Morocco-based proptech startup Agenz has closed a $5 million funding round to accelerate product development and expand its AI capabilities. The investment was led by European venture capital firm Breega, alongside participation from Attijariwafa Ventures and Africa-focused growth fund Saviu Ventures.

The financing comes at a pivotal time for Morocco’s real estate sector, which saw over 140,000 residential land transactions in 2023—a significant increase from the previous year. This surge presents a major opportunity for digital platforms that streamline property processes.

“We believe the future of real estate will be built on responsible data use and AI,” said Malik Belkeziz, Co-founder and CEO of Agenz. “Our goal is to create a more transparent, secure, and accessible market while prioritizing user trust.” The funding will enable Agenz to expand its services across the entire value chain—from valuation tools and market intelligence to transaction solutions.

Integrated Platform for Real Estate Professionals

Founded in 2021 by Malik and Badr Belkeziz, Agenz offers a comprehensive platform that caters to various stakeholders including individual buyers/sellers, real estate agents, developers, investors, and financial institutions. The company’s integrated approach addresses key pain points in the traditional Moroccan property market.

“Agenz has built the missing platform for Morocco’s real estate sector—bringing together data, tools, and transactions into one seamless experience,” noted Driss Ibenmansour from Breega. “This investment will help accelerate an ongoing transformation of how properties are bought, sold, and managed.”

The company reported significant growth since launching its transaction platform in 2023, with over 730,000 monthly visits to Agenz.ma by May 2024—demonstrating strong market adoption.