- Morocco-based property valuation startup Agenz, has raised a $540,000 (DH5 million) Seed round from Azur Innovation Partners.
- Founded in 2020 by Malik and Badr Belkeziz, Agenz aims to streamline the home selling process. It allows property owners to value their own property, learn about current market prices while enabling them to find a real estate firm that matches their objective criteria.
- The company will use the funds to improve R&D activities and expedite the rollout of its platform across Morocco.
Source: Afrikan Heroes
Moroccan property valuation startup, Agenz, has raised 5 million Dirhams ($540K), one of Morocco’s largest seed funding round less than a year after its launch. This funding, which came from Azur Innovation Partners will go toward improving R&D and hastening the rollout of Agenz across the Kingdom.
Agenz was established to provide reliable real estate market data that is updated in real time, allowing everyone to make smarter real estate decisions faster and at the correct moment.
Brothers Malik BELKEZIZ and Badr BELKEZIZ founded the company, which brings together a unique team of engineers, statisticians, and data scientists in Morocco to produce the most successful and precise real estate appraisal and analysis tools on the market.
The site allows each individual to value their property for free, learn about local prices and offers, and select the most appropriate real estate firm for their project based on objective criteria (zone of activity, sales history, etc.).
“The site and the functionalities accessible from agenz.ma were created to help users streamline the real estate transaction process: on the one hand, by providing market transparency to each project leader, whether seller-buyer or tenant, and on the other hand, by assisting professionals in effectively promoting their expertise and prospects,” says Malik BELKEZIZ.
Agenz.ma will be introduced across the Kingdom in the coming weeks after a successful debut in Casablanca, with over 20,000 estimates made in just a few months, high traffic growth, and market benchmark partners.Agenz will introduce more extensive digital market analysis and property assessment solutions for professionals in the start of 2022.
Agenz’s ambition, backed by its investors, is to help all players in the real estate value chain (real estate agents, developers, banks, insurance, and investors) accelerate their activity and improve their performance metrics (customer acquisition and retention, profitability, portfolio management, and so on).