The Moroccan property technology startup Agenz has recently received a strategic investment from Renew Capital, with the amount remaining undisclosed. This financial boost is set to facilitate the expansion of Agenz’s innovative services across Morocco and the broader African continent.
Agenz, which was established in 2020 by entrepreneur Malik Belkeziz, operates as a sophisticated data-centric platform. It leverages cutting-edge data intelligence to deliver instantaneous property appraisals and in-depth insights into the real estate market. The platform’s offerings extend to generating leads for buyers and sellers, as well as providing a comprehensive analysis of market conditions.
The injection of funds from Renew Capital, a firm known for backing growth-focused entrepreneurs who are at the forefront of innovation and developing scalable solutions to address critical issues in Africa, will enable Agenz to broaden its operational footprint both within Morocco and in new markets.
Malik Belkeziz, the founder of Agenz, emphasized the company’s mission to infuse transparency and clarity into the real estate sector. He pointed out that Agenz equips its users with the necessary data to make more informed property-related decisions by offering up-to-date information on property valuations and market dynamics. The recent investment is expected to help the startup extend its services and cater to a larger audience in Morocco and across the African continent.
GRII Nihal, the investment ecosystem development manager at Renew Capital, recognized Agenz’s efforts in addressing a critical issue in the real estate industry: the need for reliable and transparent data. He praised Agenz for providing real-time property valuations and market insights, which empower buyers, sellers, and real estate professionals to make well-informed decisions. Nihal expressed Renew Capital’s enthusiasm in supporting Malik and his team as they aim to amplify their positive impact on the real estate market in Morocco.
