Investors are increasing their bets on Morocco’s digital property market, with proptech startup Agenz raising $5 million in an oversubscribed seed round as competition intensifies to modernise one of North Africa’s largest real estate sectors.
The Casablanca-based startup said the funding round was co-led by Breega, Attijariwafa Ventures, the venture capital arm of banking giant Attijariwafa Bank, and Saviu Ventures.
The investment comes as property technology companies attract growing interest across Africa, where fragmented market data, opaque pricing and lengthy transaction processes have created opportunities for digital platforms offering greater transparency and efficiency.
Founded in 2021 by brothers Malik and Badr Belkeziz, Agenz operates an AI-powered property platform that provides real estate valuations, market intelligence, transaction services and software tools for industry professionals.
The company plans to use the fresh capital to strengthen its technology infrastructure, expand its products and accelerate the digital transformation of Morocco’s real estate market.
