Moroccan Proptech Startup Agenz Raises $5 Million to Expand AI-Powered Real Estate Platform
Rabat, The Gulf Observer: Moroccan proptech startup Agenz has secured $5 million (MAD 50 million) in an oversubscribed seed funding round, marking a significant milestone in the company’s efforts to expand its artificial intelligence-powered real estate platform and strengthen its position in the country’s growing digital property market.
The Casablanca-based company announced that the investment round was co-led by Breega, Attijariwafa Ventures, and Saviu Ventures, reflecting increasing investor confidence in technology-driven solutions aimed at transforming the real estate sector in Morocco and beyond.
Commenting on the development, Agenz Chief Executive Officer and Co-Founder Malik Belkeziz said the company had sought investors capable of supporting its long-term growth ambitions.
“Beyond capital, we wanted partners who know how to help ambitious companies scale and who will support us as we expand from real estate data and transactions into the financial infrastructure of real estate,” Belkeziz said.
Founded in 2021 by brothers Malik and Badr Belkeziz, Agenz has developed an AI-powered platform that provides property valuations, market insights, transaction support, and specialized tools for real estate professionals.
The company reported attracting more than 730,000 monthly visits in May, highlighting growing demand for digital property services as consumers increasingly rely on online platforms to assess market prices and make informed real estate decisions.
According to the company, the newly secured funding will be used to enhance its technology, broaden its service offerings, and reinforce its role in Morocco’s rapidly evolving digital real estate ecosystem. Agenz had previously raised approximately $1.3 million (MAD 13 million) in 2023.
Belkeziz reaffirmed the company’s vision, stating that Agenz remains committed to “building the operating system for the next generation of real estate — transparent, efficient and accessible.”
Morocco’s startup ecosystem has witnessed notable growth in recent years, particularly in sectors such as fintech, logistics, e-commerce, and proptech. Major cities including Casablanca and Rabat are emerging as important innovation hubs, supported by rising investor interest and government initiatives aimed at fostering entrepreneurship and technological advancement.
With increasing funding activity and broader digital adoption, Morocco is strengthening its position as an emerging technology hub in North Africa, while a growing number of startups are expanding their focus beyond the domestic market to target regional and African opportunities.
