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

Sylndr, an Egyptian e-commerce platform specialising in used cars, has secured $15.7 million in Series A funding to support its nationwide expansion and the development of new automotive services. The company, founded in November 2021, looks to position itself as a transparent and reliable solution for car buying and selling in Egypt’s rapidly evolving mobility sector.

The Series A round was led by DPI Venture Capital through the Nclude Fund, with participation from a group of regional and international investors including Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures. This new injection of capital follows earlier rounds that included $12.6 million in pre-seed funding in May 2022 and $7.45 million in working capital raised in November 2023.

In 2025, the company introduced three new verticals: Sylndr Swift, a digital auto financing service; Sylndr Plus, which offers vehicle services; and Al-Ajans, a growth programme targeting car dealers. These new offerings are designed to diversify Sylndr’s reach and deepen its impact on the automotive market.

With the latest investment, Sylndr plans to extend its operations to all major governorates across Egypt. The expansion strategy includes a strong focus on enhancing technological capabilities, boosting innovation, and strengthening partnerships with dealers, financial institutions, and service providers.