• 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. 

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. It also  reinforces Mylerz Egypt’s ability to serve the fast-growing volumes moving through Egypt's e-commerce and cross-border trade channels as it continues to support e-commerce brands across the  country. 

The financing positions Mylerz to capture rising demand while maintaining the operating discipline  and service quality that have defined the business 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.