Sylndr closes $15.7 million Series A to drive automotive innovation in Egypt
Cairo-based used-car platform Sylndr has raised $15.7 million in a Series A equity round, led by DPI Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
Founded in 2021 by Amr Mazen and Omar El Defrawy, Sylndr allows customers to buy and sell their cars as well as find financing solutions.
The funding will be used to accelerate Sylndr's expansion across Egypt, enhance its pricing intelligence, inventory, and fintech capabilities, and strengthen partnerships with dealers, lenders, and service providers.
In November last year, Sylndr secured a $7.46 million capital facility tailored specifically to the unique dynamics of Sylndr's business model.
Press release:
Sylndr, Egypt's leading used-car marketplace, today announced the closing of its $15.7 million Series A equity round, led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
This round supports Sylndr's mission to digitise and bring transparency to every aspect of Egypt's mobility landscape, from buying and selling to financing and insuring.
'We're incredibly excited about this new chapter and deeply grateful for the support and belief our shareholders continue to place in our mission,' said Omar El Defrawy, Co founder and CEO of Sylndr. 'This round allows us to scale nationally and expand our product offering as we continue building the go-to platform for mobility in Egypt.'
A Fully Integrated Mobility Platform
Founded in 2022, Sylndr is addressing one of Egypt's most fragmented and informal sectors, the used car market, through a technology-driven platform that integrates operational scalability, asset-backed financing, and real-time pricing. What began as a marketplace for used vehicles has evolved into a multi-layered offering serving both consumers and dealers. In a region where mobility is a functional necessity and a catalyst for economic prosperity, Sylndr is improving livelihoods and enabling greater financial mobility.
In 2025, the company expanded its portfolio with three new strategic verticals:
Sylndr Swift: Fully digital automotive financing solution, enabling faster and more accessible car financing solutions.
• Sylndr Plus: A vehicle services platform offering inspections, car ownership diligence and transfer, maintenance, and ongoing service support for customers seeking convenience and affordability.
• Al-Ajans: A business growth programme tailored to car dealers, helping them digitize, grow their inventory, and connect more efficiently with buyers.
With continued product innovation and a growing operational presence, Sylndr is building a category-defining platform in Egypt's multi-billion-dollar used car market.
What's Next for Sylndr
With this new funding, Sylndr plans to:
• Accelerate its geographic expansion, bringing its platform and services to all major governorates across Egypt.
• Accelerate technology and product innovation to improve pricing intelligence, expand inventory selection, and scale financing capabilities.
• Expand its product and service portfolio, leveraging its marketplace, financing, and servicing rails to introduce complementary offerings that reach a broader customer base.
• Deepen partnerships with local dealers, financial institutions, and service providers to grow its ecosystem.
Sylndr's integration of commerce, fintech, and after-sales services positions it at the core of the mobility value chain, well-placed to lead Egypt's shift toward a more efficient and trusted used car market.
Investor Confidence in Team and Market Opportunity
'Sylndr is building the digital backbone of mobility in a market where access, trust, and financing have long been barriers to ownership. Their integrated model brings together commerce, credit, and technology to fundamentally improve how Egyptians buy and sell cars,' said Ashley Lewis, Managing Partner at DPI Venture Capital. 'Via the Nclude Fund, we're proud to support Sylndr's vision of creating a more inclusive, tech-enabled automotive ecosystem in Egypt and beyond.'
'The Sylndr team has shown sharp execution and a clear vision in transforming Egypt's used car market," said Laila Hassan, General Partner at Algebra Ventures. Their expansion into financing and vehicle services reflects both ambition and a deep understanding of local market dynamics." We're proud to continue supporting them as they build a category-defining mobility platform for Egypt and the region."
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