Sylndr Boosted by $15.7 Million Series A Funding
Deal News | May 20, 2025 | Taylor Wessing
Sylndr, an automotive-focused e-commerce marketplace based in Egypt, has successfully closed its Series A funding round, securing US$15.7 million. The round was spearheaded by DPI Venture Capital, joined by Egyptian Gulf Holding, Algebra Ventures, and Nuwa Capital. This funding marks a crucial step in Sylndr's evolution, aiding its mission to become a leading platform for pre-owned vehicle transactions in the region. The investment will facilitate operational scaling, market expansion, and further development of digital infrastructure. Taylor Wessing served as legal counsel for Sylndr, with the transaction being led by Abdullah Mutawi and Samy Elsheikh from their Dubai office. The legal team has been recognized for its proficiency in venture capital and emerging markets. This significant funding reflects growing investor interest in scalable, tech-driven platforms in the Middle East and Africa.
Sectors
- Automotive E-commerce
- Venture Capital
- Legal Advisory
Geography
- Egypt – Sylndr is headquartered in Egypt and is focused on the regional market there.
- Middle East – Taylor Wessing's involvement reflects the significance of the Middle East legal market in venture capital transactions.
- Africa – DPI Venture Capital, being one of Africa's key investment entities, underscores the transaction's geographical relevance.
Industry
- Automotive E-commerce – Sylndr operates within this sector, focusing on the buying and selling of pre-owned vehicles.
- Venture Capital – DPI Venture Capital and other investors are involved in the funding round, characterizing this as a venture capital transaction.
- Legal Advisory – Taylor Wessing, a law firm, provided legal counsel for the funding transaction.
Financials
- US$15.7 million – The total amount raised by Sylndr in its Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sylndr | Target Company | Company | An automotive-focused e-commerce marketplace based in Egypt. |
| DPI Venture Capital | Lead Investor | Company | One of Africa's premier investment institutions leading the Series A funding. |
| Egyptian Gulf Holding | Investor | Company | A participant in the Series A funding round. |
| Algebra Ventures | Investor | Company | A participant in the Series A funding round. |
| Nuwa Capital | Investor | Company | A participant in the Series A funding round. |
| Taylor Wessing | Legal Advisor | Company | Provided legal counsel for the transaction, led by Abdullah Mutawi and Samy Elsheikh. |
| Abdullah Mutawi | Lead Legal Counsel | Person | Partner and Head of Corporate, Middle East at Taylor Wessing, and noted expert in venture capital. |
| Samy Elsheikh | Senior Associate | Person | Senior Associate at Taylor Wessing with expertise in venture capital and technology law. |