Flight-booking platform VOLZ has secured $5 million in Series A funding to launch additional products and fuel expansion.
The funding round was led by a “consortium of private investors” under Tell Group, with participation of Groupe GIBA – Babahoum Industrial Group Algeria.
VOLZ said the capital will help it grow in Algeria and expand to North and West Africa. The funds will also be used for new consumer and corporate products.
“This funding round marks a new milestone for VOLZ. It allows us to accelerate our mission: to empower Algerian travelers by making travel simpler, clearer and more accessible,” said VOLZ CEO Mohamed Abdelhadi Mezi.
Algeria-based VOLZ offers a hybrid payment model for travelers, allowing them to book flights in Algerian dinars using online payments or cash on delivery.
The company previously received an investment from the Algerian Startup Fund (ASF), a state-backed venture capital vehicle established in 2020. The Series A funding marks ASF’s “first successful exit,” VOLZ said.
“We thank ASF for its historic role in our beginnings and welcome our new investors with ambition and responsibility,” Mezi said.