Renew Capital, a pan-African early-stage investment firm, has announced its entry into Morocco through a strategic investment in Agenz, a technology platform that offers real-time property valuations and market insights. This investment is seen as a pivotal move to enhance transparency in the Moroccan real estate market, which has long grappled with issues of reliability and accessibility of information.
Founded in 2020 by Malik Belkeziz, Agenz leverages advanced data intelligence to provide instant property valuations, enabling users to set accurate pricing for sales or assess current market values. The platform caters not only to individual buyers and sellers but also offers professional tools for real estate agents, enhancing their capacity to conduct market research and streamline transactions.
“We’ve built Agenz to bring transparency and clarity to the real estate market,” said Belkeziz. “Our platform helps people make smarter decisions by providing accurate data on property values and market trends. This investment allows us to expand our services and reach more people across Morocco and Africa.”
Agenz’s comprehensive service offerings include buyer and seller lead generation, which facilitates connections between prospective buyers and sellers, further enhancing the platform’s utility in the property market. The investment from Renew Capital is expected to accelerate the company’s growth trajectory and enable it to scale its operations beyond Morocco.
The Moroccan real estate market has been characterized by a lack of reliable data, which has often hindered efficient transactions. Renew Capital aims to address this challenge with its investment in Agenz. GRII Nihal, the Investment Ecosystem Development Manager at Renew Capital, highlighted the importance of Agenz’s data-driven approach: “Agenz is tackling one of the key challenges in the real estate industry — access to reliable and transparent data. By delivering real-time property valuations and insights, Agenz is equipping buyers, sellers, and real estate professionals with the tools they need to make informed decisions. We’re excited to back Malik and his team as they scale their impact on Morocco’s real estate market.”
Renew Capital’s investment in Agenz is part of a larger strategy to tap into underserved markets across Africa. The firm has been active in making investments in various sectors, focusing on startups that demonstrate growth potential and innovation. Recent entries include Mozambique via Roscas, Kenya’s Farm to Feed, Ghana’s Affinity Africa, Ethiopia’s ChipChip, and South Africa’s Pumpkn.
With this latest investment, Renew Capital aims to support more startups in Morocco, facilitating their growth and expansion across the continent. This ambition is reinforced by a partnership with Global Affairs Canada, which provides additional resources to support the development of the firms in its portfolio.