Morocco-Based Agenz Raises US$5 Million Seed Round To Grow Its Proptech Platform

Morocco-based proptech startup Agenz has raised a US$5 million seed funding round backed by international venture capital (VC) firm Breega, pan-African VC firm Attijariwafa Ventures, and Africa-focused VC firm Saviu Ventures.  

Founded in Morocco in 2021 by brothers Malik and Badr Belkeziz, Agenz has built an integrated platform that supports every stage of the real estate journey. Through property valuation tools, market intelligence, professional solutions, and digital transaction services, the company aims to streamline how people buy, sell, and engage with real estate. 

The newly raised capital will be used to accelerate Agenz’s product development, strengthen its investments in artificial intelligence (AI), and expand its services for individuals, real estate agents, developers, investors, and financial institutions. The funding will also support Agenz’s plans to build what it describes as an operating system for the next generation of real estate, focused on improving transparency, efficiency, and accessibility across the sector.  

In an interview with Inc. Arabia, Malik, co-founder and CEO of Agenz, said that the company was established to address longstanding inefficiencies in Morocco's property market, where access to information and professional-grade tools has historically been limited. “We started with a simple observation: despite being one of the most important financial decisions in people’s lives, real estate transactions in Morocco often lacked transparency, reliable data, and professional tools,” he explained. “Our mission is to build the digital infrastructure of the real estate market. Through Agenz, we combine proprietary market data, valuation technology, and transaction tools to help buyers, sellers, real estate professionals, banks, and investors make better decisions. Today, Agenz is much more than a property portal. We are building a technology platform that brings together data, agents, and transactions into a single ecosystem designed to make real estate more transparent, efficient, and accessible.”  

With the Agenz platform extending across multiple stages of the property journey, it brings together market intelligence, valuation capabilities, professional services, and transaction support within a single ecosystem. Plus, as adoption has grown, Agenz has expanded its role in Morocco's real estate sector beyond discovery and listings, positioning itself as a technology layer that supports decision-making across the market. Growth has accelerated since the launch of Agenz’s transaction platform in 2023, with it recording more than 730,000 monthly visits in May 2026, alongside rising transaction volumes processed through the platform, reflecting increased engagement from both individual users and real estate professionals.  

Agenz’s ability to address a large market opportunity while building proprietary capabilities thus became a key part of the company's fundraising story. According to Malik, investors were drawn not only to the size of the problem being addressed, but also to the foundations Agenz has built to solve it. “I believe investors were convinced by three key elements,” Malik said. “First, we are solving a fundamental market problem. Real estate remains one of the largest sectors in Morocco, yet it still operates with limited transparency and fragmented information. Through Agenz, we are addressing a structural issue rather than a short-term trend. Second, we have built a unique data asset. Over the years, Agenz has accumulated one of the most comprehensive real estate databases in Morocco. This allows us to deliver market intelligence, pricing insights, and valuation tools that are increasingly difficult to replicate. Third, we demonstrated strong execution. Since launching, we have continuously expanded our products, grown our user base, and developed solutions that create value for both consumers and professionals. Investors saw a team capable not only of identifying opportunities, but also of turning them into scalable businesses. Ultimately, I think our investors share our conviction that technology will play a central role in modernizing the real estate industry across the region, and that Agenz is well positioned to lead that transformation.”  

Driss Ibenmansour, Partner at Breega.

Among the investors backing the company is Breega. Driss Ibenmansour, Partner at Breega, told Inc. Arabia that Agenz's progress highlights the potential for technology-led solutions to address longstanding inefficiencies within the sector. “Malik and Badr went after one of the hardest problems in Moroccan real estate,” Ibenmansour said. “Buying or selling a property in Morocco is a challenging endeavor: opaque pricing, fragmented listings, and a process that's still largely offline. Building in that environment requires patience and real conviction. They've been at it since 2021, and the compounding is starting to show with 700,000 monthly visits. They built the infrastructure layer with price estimation, market data, professional tools, transactions all in one place. Category leaders in proptech tend to be the ones who own the data layer, because data compounds. Every transaction, every estimation request, every professional using the platform makes the product better, and widens the moat. We've backed founders across Africa including Uganda, Senegal, Angola, and our conviction has always been that exceptional founders emerge everywhere. Malik and Badr are exactly the kind of builders we back: long-term, product-obsessed, and solving something real.”  

The same themes that underpin Breega's investment in Agenz also shape Ibenmansour's broader outlook on the future of proptech in the MENA region. “In terms of untapped opportunity, we see a few areas that remain underserved across the MENA,” he said. “First, professional tooling: agents and developers still operate with very limited data, and platforms that can become the Bloomberg terminal of local real estate have a massive opportunity. Second, transaction infrastructure: the actual closing process across most MENA markets is still painfully offline, and whoever digitizes that compliantly will gain a durable competitive advantage. Third, mortgage and financing integration: proptech without fintech is only half the stack. In markets where home ownership rates are sensitive to access to credit, connecting the two unlocks a much larger addressable market. From an investor perspective, we're seeing strongest interest in platforms that combine data and transactions rather than just listings, and in businesses with defensible proprietary data sets. The listing aggregator model is increasingly commoditized. The next wave of proptech value in the MENA will be built on data depth and access to financing.” 

For his part, Malik said that Agenz’s priorities continue to be shaped by the realities of the market it serves  “Trust is probably the most important currency in real estate,” Malik shared. “One of the biggest challenges is that many consumers have historically struggled to access reliable information. Prices are often opaque, listings can be outdated, and buyers or sellers may not always know whether they are making informed decisions. Our response has been to put data and transparency at the center of everything we build. Through Agenz, we invest heavily in data quality, property verification, market analytics, and valuation models that help users better understand the market and make informed decisions. Another challenge is reassuring users that technology can improve, rather than replace, human expertise. We see technology as an enabler. Our goal is to equip real estate professionals with better tools and insights so they can provide a higher level of service and trust to their clients. Building trust takes time, consistency, and a relentless focus on delivering accurate information. Every product decision we make is guided by that principle.” 

Malik's experience building Agenz has also informed his perspective on what it takes to succeed in proptech, especially as more entrepreneurs look to tackle challenges across the industry. “My first piece of advice would be to focus on solving a real industry problem rather than building technology for its own sake,” Malik said. “Real estate is a complex market with deeply rooted habits and processes. The startups that succeed are those that create tangible value for users. Second, invest early in data. In proptech, data is often the foundation upon which sustainable competitive advantages are built. The quality of your insights will ultimately determine the quality of your products. Third, be patient. Real estate is a large but relatively slow-moving industry. Building trust, partnerships, and adoption takes time. Entrepreneurs should be prepared for a longer journey than in many other technology sectors. Finally, remember that the future of proptech is not about replacing people. It is about empowering them. The greatest opportunities lie in combining technology, data, and human expertise to create a better experience for everyone involved in a real estate transaction.” 

Pictured in the lead image is Agenz co-founder and CEO Malik Belkeziz. Image courtesy Agenz.