CAIRO, Egypt: Egypt-based e-commerce logistics startup Mylerz has raised more than EGP100 million (over $2 million) in a new debt and equity funding round from its existing shareholders to accelerate its expansion across the Egyptian market.
The funding round was led by Lorax Capital Partners, with participation from Fawry and a group of existing investors. The latest investment follows Mylerz’s $9.6 million funding round in 2022 and underscores continued investor confidence in the company’s growth strategy.
Founded in 2019 by Samer Gharaibeh, Mylerz provides integrated e-commerce logistics solutions, including fulfilment, last-mile delivery, and end-to-end supply chain services. Its proprietary technology platform enables merchants to efficiently manage shipments, inventory, and delivery operations while supporting same-day and next-day delivery services.
The company said the fresh capital will strengthen its balance sheet and working capital position while supporting the expansion of its fulfilment infrastructure, logistics network, and technology platform. The investment will also enable Mylerz to increase network capacity as e-commerce activity and cross-border trade volumes continue to grow across Egypt.
By enhancing its operational infrastructure, Mylerz aims to meet the rising demand from merchants and online retailers while maintaining the service quality and operational efficiency that have driven its growth since launch.
“This fresh funding is a strong vote of confidence from partners who know our business well. Egypt remains the heart of our operations, and this capital allows us to invest with conviction in the infrastructure, technology, and people that keep us delivering for our merchants and their customers every day,” said Samer Gharaibeh, Founder and Chief Executive Officer of Mylerz.
The latest funding positions Mylerz to further strengthen its presence in Egypt’s rapidly expanding e-commerce logistics sector, where demand for reliable fulfilment and last-mile delivery services continues to increase alongside the country’s digital commerce growth.
