Egyptian mobility startup Sylndr has announced the close of $15.7 million Series A funding round.
This round was led by Development Partners International (DPI) Venture Capital via the Nclude Fund. It also saw the participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
Founded in 2022, Sylndr is a used car platform targeting buyers and sellers in Egypt. The startup is reimagining every touchpoint in the car ownership journey, from discovery and financing to maintenance and resale.
“This new chapter gives us the fuel to scale nationally and expand our offering,” said Omar El Defrawy, Co-founder and CEO of Sylndr. “We’re grateful for the trust our investors continue to place in our vision.”
Sylndr is tackling a sector long plagued by informality and a lack of transparency. By blending technology, financing tools, and after-sale services, Sylndr is helping Egyptians make smarter, safer, and faster vehicle decisions.
The company has added three new segments to its platform:
- Sylndr Swift – A digital car financing solution offering quick and accessible loans.
- Sylndr Plus – Car services including inspections, title transfers, and maintenance.
- Al-Ajans – A dealer-focused program helping local sellers digitize operations and grow their businesses.
With this capital injection, the startup plans to:
- Expand across Egypt.
- Improve its tech and AI-driven pricing to ensure fair market values and wider inventory.
- Grow its product ecosystem adding new services around insurance, warranties, and more.
- Strengthen partnerships with banks, dealerships, and service providers.
Investors believe the team is in a position to lead Egypt’s shift toward a more efficient and inclusive automotive sector.
“Sylndr is building the digital backbone of mobility in a market where trust and financing have long been barriers,” said Ashley Lewis, Managing Partner at DPI Venture Capital.
“Their integrated model is a game changer,” added Laila Hassan, General Partner at Algebra Ventures. “We’re excited to continue backing a team that deeply understands local dynamics.”
