Cairo-based automotive tech startup Sylndr has just raised $15.7 million in a Series A equity round, setting the stage for massive growth in Egypt’s evolving mobility space.
This round was led by DPI Venture Capital via the Nclude Fund, with backing from top investors including Algebra Ventures, Nuwa Capital, Raed Ventures, Beltone Venture Capital, Uncovered Fund, and Camel Ventures.
With this funding, Sylndr is shifting gears to scale across Egypt, level up its technology, and expand its all-in-one platform for buying, selling, and financing cars.
A Platform Built for the Future of Mobility
Founded in 2022 by Amr Mazen and Omar El Defrawy, Sylndr has grown from a simple used-car marketplace into a fully integrated mobility platform.
“We’re incredibly excited about this new chapter,” said El Defrawy. “This funding allows us to grow nationally and keep building the go-to platform for mobility in Egypt.”
Sylndr is tackling one of Egypt’s most fragmented sectors — the used-car market — with data-driven pricing, financing solutions, and scalable tech that makes the car buying journey smoother and more transparent.
What’s New at Sylndr?
In 2025, the company introduced three major product verticals:
- ✅ Sylndr Swift – A fully digital car financing solution making car ownership faster and more accessible.
- ✅ Sylndr Plus – A vehicle services hub offering inspections, maintenance, ownership transfer, and support for hassle-free ownership.
- ✅ Al-Ajans – A tailored program for car dealers to digitize operations, grow inventory, and connect more efficiently with buyers.
What’s Next?
Sylndr plans to put the new funds to work in four key areas:
- ✅ Nationwide Expansion – Reaching all major cities and governorates in Egypt.
- ✅ Tech Innovation – Enhancing AI-driven pricing, boosting inventory, and scaling fintech capabilities.
- ✅ Product Growth – Expanding services to attract a wider customer base.
- ✅ Ecosystem Partnerships – Deepening ties with local dealers, lenders, and service providers.
This fresh round follows a $7.46 million capital facility Sylndr secured in late 2024, showing steady momentum and investor confidence in its model.
What the Investors Are Saying
“Sylndr is building the digital backbone of mobility in a market where trust and access have long been barriers,” said Ashley Lewis, Managing Partner at DPI Venture Capital. “Their platform is transforming how Egyptians buy and sell cars.”
Laila Hassan, General Partner at Algebra Ventures, added, “Sylndr’s rapid expansion into vehicle services and financing reflects sharp execution and deep market insight.”
A New Era for Car Buying in Egypt
With its powerful combination of commerce, credit, and technology, Sylndr is redefining Egypt’s used car industry. It is helping to make it smarter, more inclusive, and more reliable.