Fundz

Sylndr, A Used-Car Retailer, Raises $12.6M Pre-Seed To Disrupt Egypt’s Automotive Market

PRIVATEMay 23, 2022

Amount Raised

$12.6 Million

Round Type

Pre-Seed

CairoTransportation

Description

Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1.

Quick answer

Sylndr raised $12.6 Million in a Pre-Seed round, dated May 23, 2022. Sylndr is based in Cairo, Cairo, Egypt.

How much did Sylndr raise?
Sylndr raised $12.6 Million in a Pre-Seed round on May 23, 2022.
What does Sylndr do?
Sylndr is automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars.
Where is Sylndr based and how big is it?
Sylndr is based in Cairo, Cairo, Egypt. Fundz records about 171 employees.
Who are the decision-makers at Sylndr?
Fundz holds 1 contact at Sylndr. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation around the same time

Companies in the same sectors as Sylndr that raised within 45 days of this round, from Fundz verified event records.

  • Uxin Limited raised an undisclosed amount (Funding Round) on June 30, 2022.
  • Turno raised $3.1M (Seed) on June 29, 2022.
  • The Kraft Heinz raised an undisclosed amount on June 28, 2022.
  • Bunker Hill Mining Corp raised $15M (Convertible Note) on June 20, 2022.
  • Impulse Space raised $10M (Funding Round) on June 17, 2022.
  • PayCargo raised $130M (Funding Round) on June 15, 2022.

Who to call at Sylndr, and when

A new round usually means Sylndr is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Sylndr raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Sylndr, from your own LinkedIn network

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Company Information

Company

Sylndr

Location

Cairo, Cairo, Egypt

About

Sylndr is automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars. The company is aiming to build trust in the used-car market by becoming the go-to place for customers seeking to sell and buy their cars, through an extensive range of high-quality used vehicles accessible across a diverse set of financing solutions.

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Fundz sees it the moment Sylndr raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Sylndr raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.