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Agenz, the Casablanca-based proptech, has raised a $5 million seed round co-led by Paris-based Breega, Attijariwafa Ventures, the corporate investment arm of Attijariwafa Bank, and pan-African fund Saviu Ventures.
The company said the round was oversubscribed, without specifying by how much. Revenue and gross transaction value figures were not disclosed.
Founded in 2021 by brothers Malik and Badr Belkeziz, Agenz combines AI-powered property valuation, market data, software for real estate professionals, and a transactional platform for buyers in a single product. The transactional platform launched in 2023, and Agenz.ma recorded more than 730,000 monthly visits by May 2026, which the company says places it among Morocco's leading property platforms by traffic.
The platform targets a market where valuations have historically been inconsistent, transaction costs high, and pricing data fragmented across informal brokers, leaving buyers reliant on word of mouth and broker estimates rather than verifiable data. Agenz competes in a segment that includes Mubawab, the listings portal owned by EMPG.
The funding will go toward expanding the team, investing in technology, and developing new products while scaling operations in Morocco, ahead of an international expansion for which the company has not yet detailed markets or timelines.
The deal is Breega's first investment in Morocco, extending the firm's African coverage from East, West and Southern Africa into the north. Attijariwafa Ventures brings potential distribution through its parent bank's mortgage and retail network across 27 African and Middle Eastern markets, while Saviu Ventures, a Francophone Africa specialist, has previously backed Wave and Bizao.
Recent Moroccan regulatory changes, including new controls on civil real estate companies and fiscal attestation requirements for property transactions, are adding compliance requirements to a residential sector that has drawn sustained investment over the past decade from diaspora demand, urban housing programmes and institutional interest in affordable housing finance.
Moroccan proptech has been pulling in capital at pace this year: Yakeey raised $15 million in January in the country's largest proptech Series A to date, backed by Enza Capital, the IFC, Beltone Venture Capital and CDG Invest, while in May two Moroccan founders raised a $5.5 million pre-seed from Heartcore and Balderton for an AI platform compressing real estate development timelines.
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