Moroccan Proptech Startup Agenz Raises $5 Million Seed Round

Moroccan Proptech Startup Agenz Raises $5 Million Seed Round

Backed by BREEGA, Attijariwafa Ventures and Saviu Ventures, Agenz is looking beyond property data and transactions.

Agenz, a Moroccan proptech startup focused on real estate data and transactions, has raised an oversubscribed $5 million seed round as it expands into the financial infrastructure layer of the property market.

The round was led by BREEGA, Attijariwafa Ventures and Saviu Ventures.

Founded by brothers Malik Belkeziz and Badr Belkeziz and later joined by Wassila Berrada and Ayyoub Mouadden, the company said the fresh capital will be used to accelerate its growth beyond property data and transaction services.

Agenz is aiming to build technology that improves transparency and efficiency across the real estate ecosystem, with a long-term ambition of creating what it describes as an operating system for the next generation of real estate.

The company said it selected investors with strong operational expertise and experience in scaling high-growth businesses as it enters its next phase of development.

The latest raise follows a $1.3 million funding round secured in July 2023 from Azur Innovation Fund, Maroc Numeric Fund II and Beenok.