Egyptian logistics startup Mylerz has raised more than US$2 million in debt and equity funding to expand its logistics infrastructure across the country.
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 startup raised US$9.6 million in funding in 2022, and has now raised another US$2 million as it expands its domestic footprint while investing in fulfilment capacity and operational infrastructure. The round was led by Lorax Capital Partners, with participation from Fawry and a group of existing investors.
The new capital strengthens Mylerz Egypt’s balance sheet and working capital position, enabling the company to scale its fulfilment infrastructure, expand network capacity, and continue investing in the proprietary technology platform that underpins its same-day and next-day delivery proposition.
“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 CEO of Mylerz.