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Egypt's used car retail startup Sylndr raises $12.6 million

Sylndr, [https://sylndr.com/en/car-type] an Egypt-based retailer of used cars has raised $12.6 million in its pre-seed funding round led by RAED Ventures. * The startup plans to build trust between car buyers and sellers by creating a reliable platform for such transactions. * Sylndr is a Cairo-based automotive

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Egypt's used car retail startup Sylndr raises $12.6 million
Photo by Obi - @pixel6propix / Unsplash

Sylndr, an Egypt-based retailer of used cars has raised $12.6 million in its pre-seed funding round led by RAED Ventures.

  • The startup plans to build trust between car buyers and sellers by creating a reliable platform for such transactions.
  • Sylndr is a Cairo-based automotive platform enabling customers to buy and sell used cars.
  • VC firms, Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital and angel investors participated in the funding round.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

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