Agenz, a Casablanca-based property technology startup, has closed a $5 million funding round backed by Breega, Attijariwafa Ventures, and Saviu Ventures; a raise the company says will accelerate its use of artificial intelligence and data to modernise how Moroccans buy, sell, and invest in property.
What Agenz Does
Founded in 2021 by brothers Malik and Badr Belkeziz, Agenz operates an integrated real estate platform that combines property valuation tools, market intelligence, solutions for professional services, and digital transaction services. The platform serves a broad range of users, from individual buyers and sellers to real estate agents, developers, investors, and financial institutions.
The startup addresses a familiar problem in African real estate markets: opacity. Property pricing in Morocco has historically been opaque, transactions manual, and access to market data limited. Agenz uses data intelligence to help users estimate property values and understand market trends, and it launched its transaction platform in 2023, since when it has seen faster adoption.
The Investors and Their Stakes
The round draws together a strategically diverse set of backers. Breega is a Paris-based venture firm, Attijariwafa Ventures is the corporate investment arm of North Africa’s largest bank, and Saviu Ventures is a pan-African fund. The combination signals both regional and continental confidence in Morocco’s proptech opportunity.
CEO Malik Belkeziz said the company sought partners who know how to help ambitious companies scale and who will support it as it expands from real estate data and transactions into the financial infrastructure of real estate.
How the Capital Will Be Used
The new funding will support further product development, strengthen the company’s AI capabilities, and broaden its offerings for individual buyers and sellers, real estate agencies, developers, investors, and financial institutions.
Agenz also plans to expand its operations beyond Morocco, although it has not yet disclosed details regarding target markets or timelines for international growth.
The Broader Picture
Agenz’s raise is part of a wider trend of proptech investment gaining ground across Africa, where traditional real estate markets have long struggled with fragmentation and inefficiency. Morocco, with its urbanising population, growing middle class, and increasing digital adoption, represents one of the continent’s more fertile grounds for a platform-led transformation of property, and Agenz appears well-positioned to lead it.
