Sylndr Raises $15.7 Million to Expand Its Used Car Platform Across Egypt

Sylndr Raises $15.7 Million for Nationwide Expansion and New Automotive Services
Sylndr, an Egyptian e-commerce platform specializing in used cars, has successfully secured $15.7 million in Series A funding. This new capital will fuel its ambitious plans for nationwide expansion across Egypt and the development of new automotive services. Founded in November 2021, Sylndr aims to be a leading transparent and reliable solution for buying and selling cars in Egypt's dynamic mobility sector.

Investment Details and Diversification
The Series A funding round was spearheaded by DPI Venture Capital through the Nclude Fund. Significant participation came from a mix of regional and international investors, including Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures. This latest investment builds upon previous funding, which included $12.6 million in pre-seed funding in May 2022 and $7.45 million in working capital secured in November 2023.

In 2025, Sylndr introduced three new service lines: Sylndr Swift, a digital auto financing service; Sylndr Plus, which offers various vehicle services; and Al-Ajans, a growth program specifically for car dealers. These additions are designed to broaden Sylndr's market reach and enhance its influence within the automotive industry.

Future Plans
With this substantial investment, Sylndr is set to extend its operations to all major governorates throughout Egypt. Their expansion strategy will heavily emphasize enhancing technological capabilities, fostering innovation, and strengthening crucial partnerships with dealers, financial institutions, and service providers.