Egyptian logistics startup Mylerz has secured more than $2 million in fresh debt and equity funding as it moves to strengthen its infrastructure and capture rising demand from the country’s expanding e-commerce market.
The funding, worth more than EGP100 million, was led by Lorax Capital Partners, with participation from Fawry and other existing investors. The new capital will strengthen Mylerz’s balance sheet and working capital while supporting investments in fulfilment infrastructure, delivery capacity and its proprietary logistics technology.
Founded in 2019 by Samer Gharaibeh, Mylerz provides end-to-end logistics services for e-commerce businesses, covering warehousing, fulfilment and last-mile delivery. Its technology platform allows merchants to manage shipments and logistics operations while providing the infrastructure needed to move orders from sellers to customers.
The company’s focus comes at an important point for Egypt’s digital commerce industry. As more consumers purchase goods online, merchants increasingly need logistics providers that can handle growing order volumes without compromising delivery speed or reliability. For online retailers, a smooth checkout experience means little if products cannot be delivered efficiently.
Mylerz is therefore using the new funding to build capacity behind the scenes. The company plans to expand its fulfilment infrastructure and delivery network while continuing to improve the technology supporting its same-day and next-day delivery services.
The investment also gives Mylerz additional financial flexibility. Because the round combines debt and equity, the company can increase its working capital and operational capacity while limiting reliance on a single form of financing. That could be particularly important in a logistics business where expansion requires significant spending on facilities, vehicles, technology and day-to-day operations.
The latest raise follows a much larger $9.6 million funding round secured in 2022 from Lorax Capital Partners and Fawry. At the time, Mylerz planned to expand its logistics operations across Egypt and North Africa, including investment in an AI-enabled, automated fulfilment centre.
Its continued backing from Lorax and Fawry also highlights investor confidence in the company’s established operating model. Rather than financing an untested concept, the latest capital is being directed toward expanding infrastructure around a logistics business that already serves e-commerce merchants.
Competition, however, remains intense. Mylerz operates alongside other Egyptian logistics companies such as Bosta and ShipBlu, while regional delivery providers are also targeting the country’s growing digital commerce opportunity.
This makes technology a crucial part of Mylerz’s strategy. Better shipment management, tracking and delivery optimisation can help merchants reduce delays and improve the customer experience while allowing logistics providers to handle more orders without proportionally increasing operational complexity.
For Mylerz, the latest funding is ultimately a bet on the infrastructure behind Egypt’s e-commerce boom. As online retail expands, the winners may not only be the platforms selling products but also the companies building the warehouses, software and delivery networks that make digital commerce possible.
With more than $2 million in fresh capital, Mylerz is positioning itself to play a larger role in that infrastructure—and to make logistics a stronger foundation for Egypt’s next phase of e-commerce growth.
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