VOLZ closes $5m Series A round, the largest funding raised by an Algerian startup

Algeria-based travel technology company VOLZ has successfully raised 600 million dinars, approximately $5 million, in a Series A funding round led by a group of private investors associated with Tell Group, with additional participation from Groupe GIBA. This deal was announced in December 2025 during the African Startup Conference held in Algiers.

This funding round marks a milestone for Algeria’s startup ecosystem, as it is the largest amount ever raised by an Algerian startup in local currency and the first exit of the Algerian Startup Fund (ASF), which was launched in October 2020.

VOLZ was founded in 2023 by Mohamed Abdelhadi Mezi and Hacene Seghier. The platform helps travellers search and compare flights from different airlines. Users can pay in Algerian dinars, either online or with cash when they receive their tickets. This solution addresses payment and access issues in the local travel market.

A local solution drawing national attention

The recent funding round highlights investors’ growing interest in startups that focus on addressing local market needs. For VOLZ, this means facilitating local-currency payments and providing flexible options for travellers who may not rely heavily on digital banking systems. These features have enabled the company to grow rapidly, achieving over 1,000 per cent growth in just one year of operation.

Also read: Moroccan startup Chari nets $12m series A funding to power retail and BaaS growth

Speaking on the funding, VOLZ Chief Executive Officer Mohamed Abdelhadi Mezi said the round would support the company’s core mission.

“This funding round marks a new milestone for VOLZ. It allows us to accelerate our mission to empower Algerian travellers by making travel simpler, clearer, and more accessible,” he said.

He also acknowledged the early role played by the Algerian Startup Fund in backing the company.

The deal marks an important moment for the Algerian Startup Fund, which gained more than 3.35 times its original investment. This success may change how public and private funds see early-stage technology investments in Algeria.

Expansion plans and next steps

VOLZ is using the new funding to expand in Algeria. The company will launch new travel products for consumers and improve its platform. It is also getting ready to introduce a corporate travel product to help businesses manage their travel needs better.

Beyond Algeria, VOLZ intends to expand into new markets across North and West Africa. This move could place the startup among a small group of Algerian companies operating at a regional level.

As VOLZ scales, it will need to adapt its payment, airline integration, and customer support systems to different regulatory and market environments. The success of its expansion may depend on how well it can replicate its local model across borders while maintaining service reliability and user trust.