Agenz, a Moroccan prop-tech startup, has secured an undisclosed investment from Renew Capital, fuelling its expansion plans across Morocco and other parts of Africa. The new funding supports the startup’s mission to bring greater transparency and accuracy to the real estate market.
Founded in 2020 by Malik Belkeziz, Agenz utilises advanced data intelligence to deliver instant property valuations and market insights. The platform enables users to access accurate information about property values, empowering buyers, sellers, and real estate professionals to make more informed decisions.
In addition to property valuations, Agenz offers services like buyer and seller lead generation and detailed market analysis, positioning itself as a key player in the prop-tech space.
Read also: Regfyl secures $1.1 million in pre-seed investment to expand and develop compliance solution
Investment to boost Agenz’s regional expansion
The investment from Renew Capital, an entity known for supporting growth-driven entrepreneurs who focus on scalable solutions to Africa’s critical challenges, represents a strategic step for both parties. It allows Agenz to strengthen its presence in the Moroccan market while extending its reach to other African countries.
The startup’s growth aligns with Renew Capital’s broader mission of fostering innovation and supporting businesses that address key needs across the continent’s sectors.
“We’ve built Agenz to bring transparency and clarity to the real estate market,” said Malik Belkeziz, founder of Agenz. “Our platform helps people make smarter decisions by providing accurate data on property values and market trends. This investment allows us to expand our services and reach more people across Morocco and Africa.”
Agenz has seen significant demand for its data-driven solutions as the real estate market in Morocco continues to grow. By providing real-time data, the platform aims to fill gaps in market information, enabling stakeholders to navigate the industry more effectively. The transparency offered by Agenz has been significantly valuable in a market where accurate property valuations can be challenging to access, making the company’s services a game-changer for both buyers and sellers.
Commenting on the investment, GRII Nihal, investment ecosystem development manager at Renew Capital, emphasised the startup’s potential to address one of the real estate sector’s long-standing issues: access to reliable and transparent data.
“By delivering real-time property valuations and insights, Agenz is giving buyers, sellers, and real estate professionals the tools they need to make informed decisions. We’re excited to back Malik and his team as they scale their impact on Morocco’s real estate market,” he said.
Read also: Kenyan startup boosts literacy and numeracy with e-learning
With the support from Renew Capital, Agenz plans to enhance its technological infrastructure, expand its team, and roll out additional features that cater to the needs of a broader audience.
The startup is also eyeing strategic partnerships within the real estate sector to further solidify its position as a trusted source of market intelligence in Morocco and beyond.
A bright future for Africa’s prop-tech landscape
As the prop-tech sector gains momentum in Africa, Agenz’s growth highlights the increasing appetite for technology-driven solutions in real estate. The company’s focus on accurate, data-backed insights positions it to take advantage of the continent’s expanding property markets, making it an investment to watch in the coming years.
