Moroccan Startup Agenz Closes $540k Seed Round
Summary
Agenz, a property valuation startup in Morocco has secured 5 million Dirhams ($540K) in seed funding less than a year after its launch. The company was founded by Brothers Malik BELKEZIZ and Badr BELKEZIZ, bringing together a unique team of statisticians, engineers and data scientists in Morocco to develop the most successful real estate analysis and appraisal tools on the market. On the site, individuals can value their property for free, get info on local prices and offers, and also select the real estate firm most suitable for their project based on objective criteria (sales history, zone activity etc.). Malik BELKEZIZ gave an insight on the use of Agenz saying, “The site and its functionalities accessible were designed to make the real estate transaction process seamless for users: by providing each project leader with market transparency, whether tenant or seller-buyer, and also by helping professionals promote their expertise and prospects effectively.” Agenz.ma made a successful debut in Casablanca, recording more than 20, 000 estimates in a few months, market benchmark partners and also increase in traffic growth. Agenz’s ambition is to assist all the players in the real estate value chain (real estate agents, banks, developers, insurance, and investors) improve their activity and performance metrics which includes; customer acquisition and retention, portfolio management, profitability and so on).