Algerian travel-tech startup VOLZ raises $5 million in record Series…

Team S · 2025-12-31T08:14:42.000Z

VOLZ, a travel-technology startup based in Algiers that enables travellers to search and book flights while paying in Algerian dinars, has raised about $5 million in a Series A funding round, marking the largest funding ever raised in local currency by an Algerian startup. The financing was announced during the African Startup Conference in Algiers and highlights growing investor confidence in the country’s tech ecosystem. The funding round was led by a consortium of private investors under Tell Group, with participation from Groupe GIBA – Babahoum Industrial Group Algeria, reflecting strong backing from regional industrial and investment players. This milestone round also represents the first successful exit for the Algerian Startup Fund (ASF), which achieved a more than 3.35 × return on its initial investment. Founded in 2023 by Mohamed Abdelhadi Mezi and Hacene Seghier, VOLZ operates a platform that allows customers to compare flights across multiple airlines and complete bookings with flexible payment options tailored to local preferences, including online payments or cash-on-delivery. The company plans to use the new capital to introduce additional consumer and corporate travel products, deepen its presence in Algeria, and expand into North and West Africa. #traveltech #startup #SeriesA #Africa #Algeria #VOLZ

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Algerian travel-tech startup VOLZ raises $5 million in record Series… | Newnex