Egypt-based logistics startup Mylerz has raised more than $2 million (EGP100 million) in a funding round led by Lorax Capital Partners, with participation from Fawry and a group of existing investors. The company will use the proceeds to strengthen its balance sheet, finance working capital and expand its logistics infrastructure across Egypt.
Founded in 2019 by Samer Gharaibeh, Mylerz provides end-to-end e-commerce logistics, fulfilment and last-mile delivery services, supported by a technology platform that enables merchants to manage shipments and operations efficiently.
The new funding follows Mylerz's $9.6 million funding round in 2022 and comes as the company continues to expand its domestic footprint while investing in fulfilment capacity and operational infrastructure.
Press release:
Mylerz Egypt, one of the country’s leading integrated e-commerce last-mile delivery and fulfilment companies, today announced that it has raised over EGP 100 million in new debt and equity funding from its existing shareholders. The proceeds will be deployed to bolster Mylerz Egypt’s continued growth across the Egyptian market.
