Casablanca-based real estate marketplace Agenz.ma has raised MAD13 million ($1.3 million U.S.) in pre-series A funding round to bolster its property estimation expertise and develop new service offerings.

Agenz is specialized in machine learning to collect, analyze and structure property data — market transactions, cadastral data and sociodemographic indicators — for offering price estimates in Morocco. The marketplace adds average 5,000 appraised properties every month partly due to its large network of 1,000 realtors.

Like market leaders in Morocco and its competitors, such as property site Sarouty.ma and horizontal Avito.ma, Agenz.ma also has freemium as a key business model. It allows free ad positing, including unlimited video and photos. It also offers premium packages to boost ad visibility. Currently, Agenz.ma has more than 3,200 rental listings and around 3,000 for-sale and new build property ads.

The latest funding came from Azur Innovation Fund, which also invested $540,000 as seed financing to Agenz when it was established in 2021. Several other investors, including Maroc Numeric Fund II and foreign investment fund Beenok, also participated in the pre-series A financing round.

Print Friendly, PDF & Email

Related Articles