Algerian Travel-Tech Startup Volz Raises $5 Million in Series A Funding

The landmark deal, led by Tell Group, marks the largest local currency startup raise in Algeria and signals a maturing venture ecosystem in North Africa.

Volz, an emerging leader in Algerian travel technology, announced today that it has successfully secured $5 million (approximately 600 million Algerian dinars) in a Series A funding round. This significant capital injection is poised to accelerate the company’s mission to digitise and simplify the travel booking experience across North Africa.

The funding round was led by a consortium of private investors under the Tell Group, with notable participation from Groupe GIBA.

This transaction is being hailed as a watershed moment for the Algerian tech ecosystem. According to reports, it represents the largest startup funding round ever denominated in the local currency. Furthermore, the deal marks the first successful exit for the state-backed Algerian Startup Fund (ASF), validating the government’s strategy to foster local innovation.

Solving the Local Currency Challenge

Founded to address unique regional market frictions, Volz has differentiated itself by solving a major pain point for Algerian travellers: currency controls.

Accessing foreign currency for international travel is a significant hurdle for many citizens in the region. Volz’s platform allows users to search and book international flights while paying entirely in the local Algerian Dinar. To further accommodate the market’s reliance on cash transactions, the startup offers flexible payment options, including online payments and cash-on-delivery.

This localised approach has allowed Volz to tap into a massive, previously underserved market segment, driving rapid adoption.

Fueling Regional Expansion

The newly raised $5 million will be earmarked for aggressive growth strategies. Volz leadership has indicated that the capital will be used to:

Launch New Products: The company plans to roll out dedicated travel management solutions tailored for corporate clients and businesses.
Geographic Expansion: Volz aims to replicate its success in Algeria by expanding operations into neighbouring markets across North and West Africa in the coming year.
Tech and Team: The funding will support the scaling of their engineering team to enhance platform capabilities and user experience.

“This funding is not just a win for Volz, but a strong signal of confidence in Algerian innovation,” said the CEO of Volz in a statement. “We are dedicated to removing barriers for travellers in our region, and this capital allows us to bring our solution to millions more people across Africa.”

The success of this Series A round highlights the growing interest from venture capital in solutions tailored specifically to the nuances of emerging markets in the MENA region.