Agenz raises $5 million to digitise Morocco’s real estate market

Moroccan property technology startup Agenz has successfully secured a $5 million seed round, co-led by the Paris-based venture firm Breega, Attijariwafa Ventures (the corporate investment arm of North Africa’s largest bank), and the pan-African fund Saviu Ventures.

This funding will help the company enhance data transparency and facilitate digital transactions in one of the continent’s most traditionally informal property markets.

The company announced that its funding round was oversubscribed, though it did not specify by how much. Established in 2021 by brothers Malik and Badr Belkeziz, Agenz offers a unified platform. This platform includes tools for property valuation, market data analysis, software for real estate professionals, and a transaction system for buyers.

The problem it is solving is one that anyone who has tried to buy or sell property in Morocco will recognise immediately. Valuations have historically been inconsistent, transaction costs high, and market data fragmented across informal brokers who operate with little accountability.

A buyer trying to determine the fair price of an apartment in Casablanca has historically had to rely on word of mouth, broker estimates, and gut instinct rather than verifiable data. Agenz is building the infrastructure to change that.

The company launched its transactional platform in 2023 and has since grown to more than 730,000 monthly visits on Agenz.ma by May 2026, which it says places it among Morocco’s leading property platforms by traffic. Revenue and gross transaction value figures were not disclosed.

Driss Ibenmansour, a partner at Breega (which has supported companies like Payfit and Back Market), stated that Agenz has developed a solution that was missing in the Moroccan real estate sector. Attijariwafa Ventures, whose parent bank operates in 27 African and Middle Eastern markets, provides both funding and potential distribution channels through its mortgage and retail financial services network.

Managing Director Hamza Mikou views this investment as a commitment to AI and data capabilities, explaining that Agenz is fundamentally transforming how Moroccan citizens access housing, rather than just digitalising current methods.

Saviu Ventures, a fund specialising in Francophone Africa and a co-lead investor, has previously invested in companies like Wave and Bizao. Their involvement indicates a strong and ongoing interest in Moroccan technology companies that combine data and financial technology.

The real estate market is at a turning point for Agenz

Morocco’s residential property sector has attracted considerable investment over the past decade, driven by demand from the diaspora, urban housing programs, and increasing institutional interest in affordable housing finance.

However, recent regulatory changes, including new controls on civil real estate companies and fiscal attestation requirements for property transactions, are creating compliance challenges as well as opportunities. Companies that can offer structured data and efficient documentation workflows at scale stand to benefit from these developments.

Agenz announced that it plans to allocate the capital towards expanding its team, investing in technology, and developing new products, all while scaling its operations in Morocco. This is in preparation for an international expansion that it has indicated but has not yet detailed in terms of specific markets or timelines.

The company competes in a segment that includes Mubawab, the property listing portal owned by EMPG, among others.

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