DPI Venture Capital has led a $15.7 million Series A funding round for Sylndr, aiming to transform Egypt's used automotive market through technology-driven solutions.
Information on the Target
Sylndr, founded in 2021, is a leading digital platform in Egypt that facilitates the buying, selling, financing, and servicing of used vehicles. Initially starting as a trusted marketplace, Sylndr has transformed into a comprehensive mobility solution aimed at addressing significant challenges within Egypt's vast informal automotive market. This evolution has allowed Sylndr to offer integrated services that enhance vehicle ownership, making it more accessible to the masses.
In 2025, Sylndr expanded its offerings by launching three new verticals: Sylndr Swift, a fully digital automotive financing solution; Sylndr Plus, focused on vehicle inspection and after-sales services; and Al-Ajans, a program designed to empower car dealers. The company's mission is to streamline car ownership and develop a trustworthy platform for mobility within Egypt and the broader region.
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Industry Overview in Egypt
Historically, the automotive market in Egypt has encountered various obstacles, primarily characterized by informal transactions and limited consumer trust. However, with the rise of digital technologies, the
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DPI Venture Capital
invested in
Sylndr
in 2025
in a Series A deal
Disclosed details
Transaction Size: $16M