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Rabat – Agenz, a Moroccan proptech startup, has raised $5 million (MAD 50 million) in an oversubscribed seed funding round to expand its AI-powered real estate platform.
The Casablanca-based company said the investment was co-led by Breega, Attijariwafa Ventures, and Saviu Ventures. The funding reflects rising confidence in platforms that aim to modernize how real estate works in Morocco and across the region.
Announcing the news, CEO and Co-Founder Malik Belkeziz said: “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.”
Founded in 2021 by brothers Malik and Badr Belkeziz, Agenz has built an AI-powered property platform that offers real estate valuations, market insights, transaction support, and tools for professionals in the sector.
The company says its platform attracted more than 730,000 monthly visits in May, which shows strong demand for online property services as more users rely on digital tools to understand pricing and make property decisions.
Agenz plans to use the new funding to improve its technology, expand its services, and strengthen its role in Morocco’s growing digital real estate market. The company previously raised around $1.3 million (MAD 13 million) in 2023.
Malik said that Agenz’s mission remains the same: “to build the operating system for the next generation of real estate — transparent, efficient and accessible.”
Morocco’s startup ecosystem has been expanding in recent years, especially in areas like fintech, logistics, e-commerce, and proptech. Cities like Casablanca and Rabat are becoming key hubs for young tech companies, supported by increasing investor interest and government efforts to encourage innovation.
More Moroccan startups are now targeting regional and African markets, not just the local economy. And thanks to rising funding activity and growing digital adoption, the country is positioning itself as an emerging tech hub in North Africa.
