Egyptian startup Sylndr, an e-commerce platform specialising in the used car market, has raised US$15.7 million in Series A funding to expand geographically and build out its product offering.
Founded by Omar El Defrawy and Amr Mazen in November 2021, Sylndr is an automotive-focused e-commerce marketplace, allowing customers to reliably and transparently sell and buy used cars.
The startup raised a US$12.6 million pre-seed funding round in May 2022, and a US$7.45 million working capital facility last November, and has now banked a US$15.7 million Series A round.
The round was led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
“We’re incredibly excited about this new chapter and deeply grateful for the support and belief our shareholders continue to place in our mission,” said Omar El Defrawy, Co-founder and CEO of Sylndr. “This round allows us to scale nationally and expand our product offering as we continue building the go-to platform for mobility in Egypt.”
In 2025, the company expanded its portfolio with three new strategic verticals – Sylndr Swift, a fully digital automotive financing solution; Sylndr Plus; a vehicle services platform; and Al-Ajans, a business growth programme tailored to car dealers.
With the new funding, Sylndr plans to accelerate its geographic expansion, bringing its platform and services to all major governorates across Egypt, and accelerate technology and product innovation. It will also deepen partnerships with local dealers, financial institutions, and service providers to grow its ecosystem.
“Sylndr is building the digital backbone of mobility in a market where access, trust, and financing have long been barriers to ownership. Their integrated model brings together commerce, credit, and technology to fundamentally improve how Egyptians buy and sell cars,” said Ashley Lewis, managing partner at DPI Venture Capital. “Via the Nclude Fund, we’re proud to support Sylndr’s vision of creating a more inclusive, tech-enabled automotive ecosystem in Egypt and beyond.”
