Moroccan Real Estate Startup Agenz.ma Secures $1.3 Million in Funding

Agenz.ma, an online property valuation platform in Morocco, raised MAD 13 million ($1.3 million) in funding in a pre-Series A financing round.

Rabat – Agenz.ma, an online property valuation platform in Morocco, raised MAD 13 million ($1.3 million) in funding in a pre-Series A financing round.

The financing round was attended by a number of renowned investors including Azur Innovation Fund, Maroc Numeric Fund II, and international investment fund Beenok.

Agenz.ma uses artificial intelligence to evaluate properties and attracts over 150,000 monthly users, with 5,000 new appraised properties added each month. The platform’s success is due, in part, to its network of nearly 1,000 real estate agencies and developers actively engaged on the platform.

In a statement, Agenz.ma expressed its gratitude to its investors for the trust and confidence they have shown in the company’s vision.

“The funds, one of the largest ever for a Moroccan start-up, testifies to investors’ confidence in the company’s vision and its ability to transform the real estate market,” the company said.

Malik Belkeziz, CEO, and co-founder of Agenz.ma, highlighted the company’s ambition to enable property owners and sellers to complete their transactions. “Our aim from 2024 is to enable those who wish to do so, to access home ownership or sell their property within a maximum of 10 days, real estate financing included,” Belkeziz said.

Launched in 2021, Agenz.ma offers free online property estimation solutions, simplifying the process for users seeking property valuations.

The platform’s popularity has been on a steady rise, solidifying its position as the go-to source for property valuations in Morocco, the company explains in a statement.