Algerian Travel Startup VOLZ Secures Record $5 Million Investment
Part of composite article Russia's War in Ukraine Grinds Toward an Uncertain End View full article →
Algerian travel technology company VOLZ has raised $5 million. This Series A funding round is a record for the country's startup sector.
The investment was led by private investors from the Tell Group. They were joined by Groupe GIBA.
VOLZ operates Daba Finance, a platform for booking travel and managing expenses. The new funds will help the company expand its services across Algeria and North Africa.
This deal signals growing investor confidence in Algeria's digital economy.