Agenz secures notable investments from Azur Innovation Fund, Maroc Numeric Fund II, and Beenok to enhance its online real estate evaluation platform.
Agenz, a pioneering Moroccan startup specializing in online real estate evaluation, has successfully raised MAD13 million (USD 1.3 million) through a pre-Series A financing round. Backed by investors including Azur Innovation Fund, Maroc Numeric Fund II, and Beenok, Agenz’s substantial funding underscores its potential to transform the real estate market in Morocco through its innovative use of artificial intelligence (AI) and comprehensive service offerings.
Agenz – Driving innovation in real estate evaluation
Agenz, founded in 2021 by Malik and Badr Belkeziz, has quickly emerged as the premier online real estate estimation platform in Morocco. Leveraging the power of AI, Agenz offers precise estimations supported by a robust database and market data. With its platform, agenz.ma, the startup provides a comprehensive real estate experience, featuring not only estimation services but also curated property listings and access to real estate credit. Agenz’s innovative approach has established it as a reference point for property buyers and sellers across the country.
The recent pre-Series A funding round, which secured MAD13 million ($1.3 million) in investments, marks a significant milestone for Agenz. Investors such as Azur Innovation Fund, Maroc Numeric Fund II, and Beenok have demonstrated their confidence in the company’s vision and its potential to revolutionize the real estate market in Morocco. This funding will enable Agenz to accelerate its growth and enhance its service offerings, making real estate transactions more accessible and efficient for all stakeholders.
Disruption potential and rapid growth
As the first online real estate estimation platform in Morocco, Agenz holds a pioneering position in the market. Its innovative utilization of AI signals the potential for significant disruption in the real estate sector. Agenz’s rapid growth and market traction have played a vital role in instilling confidence in investors. With over 150,000 monthly users and 5,000 new property estimations generated per month, the startup has clearly captured a wide range of customers in the Moroccan real estate market. Investors recognize this success as a strong indicator of Agenz’s ability to secure a substantial market share and achieve long-term sustainability. The company’s highly accurate online estimations, with a margin of error of only 5%, have fostered trust among users and bolstered investor confidence in the reliability of Agenz’s offerings.
Founders Malik and Badr Belkeziz have a proven track record in the real estate and technology sectors. The Belkeziz brothers’ expertise and commitment to building a comprehensive real estate database, along with strategic partnerships, have instilled confidence among investors.
Agenz’s strategic partnerships with a network of nearly 1,000 real estate agencies and developers, coupled with established collaborations with major Moroccan banks, have further solidified its credibility and market reach. These partnerships enable Agenz to offer users a comprehensive real estate experience, featuring an extensive selection of properties across Morocco and simplified access to real estate financing.
The potential for a smoother buying and selling process, particularly catering to the needs of the middle class, aligns with investors’ interest in fostering inclusive growth and expanding the real estate market. Agenz’s commitment to transparency and its ambitious goal of facilitating property ownership and sales within a maximum timeframe of 10 days have also resonated with investors, particularly considering the potential impact on the Moroccan real estate market.
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