Algeria-based travel-tech startup VOLZ has raised $5 million in a Series A funding round led by Tell Group to enhance its flight booking platform and expand its operations across North and West Africa.
Target Information
VOLZ, an Algeria-based travel-tech startup, has successfully raised $5 million in a Series A funding round led by Tell Group, alongside participation from Groupe GIBA. Founded in 2023, VOLZ aims to revolutionize travel booking by allowing users to compare multiple airlines and book flights using Algerian dinars. The platform offers flexible payment options, including online payments and cash-on-delivery, catering to a diverse customer base.
The primary objective of this funding is to bolster product expansion, enhance VOLZ's market presence within Algeria, and fuel its growth trajectory across North and West Africa. This capital infusion is a crucial step in positioning VOLZ as a prominent player in the regional travel technology landscape.
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Industry Overview in Algeria
Algeria's travel and tourism industry is experiencing notable growth, with the government emphasizing the development of tourism to diversify the economy beyond oil and gas. Th
Similar Deals
Tell Group
invested in
VOLZ
in 2025
in a Series A deal
Disclosed details
Transaction Size: $5M
Enterprise Value: $10M
Equity Value: $5M