DPI Venture Capital leads Sylndr's $15.7m funding round
Sylndr, a used-car marketplace in Egypt, has announced the closing of its $15.7 million Series A equity round.
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Sylndr, a used-car marketplace in Egypt, has announced the closing of its $15.7 million Series A equity round, led by Development Partners International (DPI) Venture Capital via the Nclude Fund. The round also included participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, 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.”
Founded in 2022, Sylndr is addressing one of Egypt’s most fragmented and informal sectors, the used-car market, through a technology-driven platform that integrates operational scalability, asset-backed financing, and real-time pricing. What began as a marketplace for used vehicles has evolved into a multi-layered offering serving both consumers and dealers.
In 2025, the company expanded its portfolio with three new strategic verticals:
Sylndr Swift: Fully digital automotive financing solution, enabling faster and more accessible car financing solutions.
Sylndr Plus: A vehicle services platform offering inspections, car ownership diligence and transfer, maintenance, and ongoing service support for customers seeking convenience and affordability.
Al-Ajans: A business growth programme tailored to car dealers, helping them digitise, grow their inventory, and connect more efficiently with buyers.
“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.”
“The Sylndr team has shown sharp execution and a clear vision in transforming Egypt’s used-car market,” said Laila Hassan, general partner at Algebra Ventures. “Their expansion into financing and vehicle services reflects both ambition and a deep understanding of local market dynamics. We’re proud to continue supporting them as they build a category-defining mobility platform for Egypt and the region.”
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