We have advised Sylndr, a leading automotive-focused e-commerce marketplace headquartered in Egypt, on its successful US$15.7 million Series A funding round. The round was led by DPI Venture Capital, one of Africa’s foremost investment institutions, with additional participation from Egyptian Gulf Holding, Algebra Ventures, and Nuwa Capital.
This transaction marks a significant milestone in Sylndr’s growth as the company accelerates its mission to become the region’s most trusted platform for buying and selling pre-owned vehicles. The funding will support Sylndr’s operational scale-up, market expansion, and continued investment in digital infrastructure.
We acted as legal counsel to Sylndr, with the transaction led by Abdullah Mutawi, Partner and Head of Corporate, Middle East, and Senior Associate Samy Elsheikh, both based in our Dubai office, which is ranked Band 1 in Chambers Global for Venture Capital and Emerging Markets in the UAE. Abdullah Mutawi, also individually ranked Band 1 in Chambers Global for Venture Capital, is widely regarded as a trailblazer in the regional venture capital legal market, with a long track record advising on complex cross-border investments, growth equity deals, and tech transactions. Senior Associate Samy Elsheikh has over a decade of experience in venture capital and technology law across the MENA region. He specialises in advising venture capital funds, firms, and startups on early and growth-stage funding transactions.
Commenting on the deal, Abdullah Mutawi said: “We are pleased to have advised the Sylndr team on this important transaction. The successful close of their Series A round, with the backing of such a well-regarded group of investors, reflects the strength of their business model and the market opportunity they are pursuing. It also signals growing regional investor appetite for scalable, tech-enabled platforms. We look forward to seeing Sylndr build on this momentum as they expand their operations.”
The transaction further reflects our strength in advising high-growth, tech-enabled businesses across the Middle East and Africa. This matter reflects the leading role our Middle East team play in the development of the region’s innovation economy.
