Cairo-based automotive technology company Sylndr has successfully closed a $15.7 million Series A funding round, marking a significant step forward in its mission to transform Egypt’s used car market. The round was led by DPI Venture Capital through the Nclude Fund, with strong participation from notable investors including Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures. This capital injection strengthens Sylndr’s position as one of Egypt’s most promising mobility platforms.
Expanding a Tech-Driven Automotive Ecosystem
Founded in 2021 by Omar El Defrawy, Sylndr is building a fully integrated platform for buying, selling, financing, and servicing used vehicles. Originally conceived as a used car marketplace, the company has rapidly evolved into a multi-faceted ecosystem catering to both consumers and dealers. Its model leverages data, fintech infrastructure, and logistics to bring transparency and efficiency to a traditionally fragmented market.
Strategic Growth Backed by Investor Confidence
The newly raised capital will enable Sylndr to accelerate its expansion across Egypt, particularly in underserved governorates beyond Cairo. According to El Defrawy, the funding will also support technological advancements in pricing intelligence, inventory management, and digital financial services. With strong investor backing, Sylndr is poised to scale its operational footprint and deepen its market influence.
A Vertical Approach to Mobility Innovation
In 2025, Sylndr introduced three new verticals—Sylndr Swift, Sylndr Plus, and Al-Ajans—to broaden its value proposition. Sylndr Swift offers a fully digital financing solution aimed at simplifying car ownership, while Sylndr Plus delivers services such as inspections, maintenance, and ownership transfer. Meanwhile, Al-Ajans empowers car dealers with tools to grow their businesses through digital transformation and enhanced inventory access.
Integrating Commerce, Credit, and Convenience
Sylndr’s platform is designed to integrate all touchpoints in the automotive lifecycle, from discovery to post-sale services. By combining e-commerce, credit solutions, and after-sales support, the company addresses key barriers to car ownership such as affordability, trust, and access. This comprehensive approach enables Sylndr to serve as the digital backbone of Egypt’s used car market.
A Broader Vision for Market Transformation
With this funding, Sylndr aims to expand its product portfolio and build a more inclusive mobility ecosystem that caters to a wider range of customer needs. The company plans to enhance its marketplace offerings and introduce new features that make vehicle ownership easier and more transparent. Strategic partnerships with banks, service providers, and dealerships will be key to scaling these capabilities across the country.
Backing a High-Growth, High-Impact Startup
Investors have voiced strong confidence in both the Sylndr team and the market opportunity. Ashley Lewis, Managing Partner at DPI Venture Capital, emphasized that Sylndr’s integrated model addresses critical gaps in the used car ecosystem by bringing together technology, financing, and trust. Laila Hassan, General Partner at Algebra Ventures, echoed this sentiment, noting the company’s disciplined execution and deep understanding of Egypt’s mobility challenges.
Sylndr’s latest round of funding is not only a vote of confidence in its current business model but also a catalyst for future growth. As the company expands its geographic reach and continues product innovation, it is well-positioned to lead the digital transformation of Egypt’s multi-billion-dollar used car industry. With a clear vision and growing ecosystem, Sylndr is set to redefine mobility for millions of Egyptians.