Taylor Wessing Advises Sylndr on US$15.7 Million Series A Funding Round.
Taylor Wessing has advised Sylndr, an Egypt-based e-commerce platform focused on the automotive market, on securing $15.7 million in Series A funding.
The round was led by DPI Venture Capital, a major investor in Africa’s growth sectors, with additional backing from Egyptian Gulf Holding, Algebra Ventures, and Nuwa Capital.
The funding gives Sylndr a strong runway to grow its operations, reach new markets, and continue building its digital infrastructure. It’s a key step forward as the company works toward becoming a trusted destination for buying and selling pre-owned vehicles across the region.
Taylor Wessing acted as legal counsel to Sylndr. The deal was led by Abdullah Mutawi, Partner and Head of Corporate, Middle East, and Samy Elsheikh, Senior Associate. Both are based in the firm’s Dubai office, ranked Band 1 by Chambers Global for Venture Capital and Emerging Markets in the UAE.
Abdullah Mutawi is widely recognized for his deep experience in complex, cross-border venture deals and has been individually ranked Band 1 by Chambers Global.
Mr. Mutawi has advised on some of the region’s most notable tech investments. Samy Elsheikh brings over a decade of experience in venture capital and technology law, guiding startups and funds across MENA through early- and growth-stage investments.
Abdullah Mutawi commented:
“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.”
Sylndr is an Egypt-based e-commerce platform for buying, selling, and financing used cars. Focused on trust and transparency, it aims to become the region’s most trusted pre-owned car retailer. Founded by Omar El Defrawy and Amr Mazen, the company is backed by top regional and global investors.
Taylor Wessing is a global law firm with over 1,200 lawyers in 28 offices across 17 jurisdictions. The firm advises innovative businesses across sectors like technology, life sciences, and private wealth. Its legal services cover corporate/M&A, capital markets, venture capital, data protection, privacy, employment, pensions, and mobility.
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