Cairo – Sharikat Mubasher: Egypt-based startup Sylndr raised $15.7 million in Series A funding to expand its tech-enabled used-car platform and roll out new verticals aimed at transforming the country’s informal and fragmented automotive market.

As per the company’s press release, the round was led by DPI Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.

Founded in 2022, Sylndr began as a used-car marketplace and has since evolved into a vertically integrated mobility platform, offering digital financing, vehicle inspections, after-sales services, and tools for car dealers.

The fresh capital will support the national rollout of three new services launched in 2025: Sylndr Swift, a digital car loan platform; Sylndr Plus, offering vehicle inspection and ownership transfer; and Al-Ajans, a digitization program for dealers.

Omar El Defrawy, Sylndr’s co-founder and CEO, stated: “This round allows us to scale nationally and expand our product offering as we continue building the go-to platform for mobility in Egypt. We’re incredibly excited about this new chapter and deeply grateful for the support and belief our shareholders continue to place in our mission.”

Backers say Sylndr is laying the digital rails for car ownership in a market where paper contracts, cash deals, and pricing opacity are still the norm, offering a model that could extend beyond Egypt in the future.