RIYADH: Egypt-based online retailer for used cars, Sylndr, has raised $12.6 million in a pre-seed funding round led by venture capital firm RAED Ventures.
The company is aiming to provide customers with a used-car online marketplace to buy and sell their cars transparently and reliably, according to MAGNiTT.
The funding will help the company build its operation and technology infrastructure as well as build its team while growing its brand awareness.
