Egypt-based logistics startup Mylerz has raised more than $2 million (EGP 100 million) in a new funding round led by Lorax Capital Partners, with participation from Fawry and a group of existing investors. The investment will strengthen the company’s balance sheet, finance working capital, and support the expansion of its logistics infrastructure as Egypt’s e-commerce market continues to grow rapidly.
Founded in 2019 by Samer Gharaibeh, Mylerz provides end-to-end e-commerce logistics, fulfillment, and last-mile delivery services through a proprietary technology platform that enables merchants to efficiently manage shipments, inventory, and delivery operations. The latest financing follows the company’s $9.6 million funding round in 2022, reinforcing investor confidence in its long-term growth strategy.
Powering Egypt’s E-Commerce Economy
As online commerce accelerates across Egypt, logistics has become one of the country’s most critical infrastructure challenges. Fast delivery, reliable fulfillment, and efficient last-mile operations are increasingly determining the success of online retailers.
Mylerz has positioned itself as a technology-driven logistics partner that enables merchants to focus on growing their businesses while the company manages warehousing, fulfillment, shipment tracking, and last-mile delivery. Its proprietary platform supports same-day and next-day delivery services while giving merchants real-time visibility into their operations.
By combining logistics infrastructure with digital technology, Mylerz aims to simplify one of the most complex aspects of e-commerce while improving the customer experience.
Expanding Across Egypt
The newly raised capital will primarily be invested inside Egypt.
According to founder and CEO Samer Gharaibeh, the company plans to strengthen its fulfillment infrastructure, expand its logistics network, and continue investing in the technology platform that powers its operations. A significant portion of the funding will also support working capital as Mylerz handles growing transaction volumes generated by cross-border e-commerce partnerships.
One of the company’s immediate priorities is launching a new logistics hub in Sharm El-Sheikh, supporting both the city’s expanding tourism economy and growing e-commerce activity. Additional hubs are also planned across Upper Egypt, while the company continues expanding its footprint throughout Greater Cairo.
Today, Mylerz operates 26 logistics hubs nationwide and expects to expand that network to more than 30 hubs in the near future.
Strong Customer Growth
Mylerz’s operational growth reflects the broader expansion of Egypt’s digital commerce sector.
Over the past two years, the company’s customer base has grown by more than 200%, increasing from approximately 700 merchants to over 2,000. At the same time, rising demand for cross-border e-commerce has increased shipment volumes, creating the need for additional infrastructure and stronger working capital to finance operations between shipment execution and revenue collection.
Rather than pursuing rapid geographic expansion, the company has decided to concentrate its resources on Egypt, where management believes market opportunities and returns remain significantly stronger than neighboring markets.
A Vote of Confidence from Existing Investors
Unlike many venture rounds that introduce new investors, Mylerz’s latest financing came entirely from its existing shareholder base.
The largest portion of the investment was contributed through increased equity participation by current shareholders, while the remaining capital was provided through credit facilities designed to support operational growth.
“This fresh funding is a strong vote of confidence from partners who know our business well,” said Samer Gharaibeh. “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.”
The continued backing from existing investors—including Lorax Capital Partners and Fawry, both participants in the company’s 2022 funding round—demonstrates confidence in Mylerz’s execution and long-term market opportunity.
Building the Future of Egyptian Logistics
While many startups are prioritizing regional expansion, Mylerz has chosen a different path. The company has temporarily paused its North African expansion plans to focus entirely on strengthening its domestic operations, believing Egypt offers the strongest near-term opportunity.
Gharaibeh also confirmed that the company is already generating monthly operating profits, while continuing to evaluate future strategic options, including a potential initial public offering (IPO) once profitability and operational scale continue to improve.
As Egypt’s e-commerce sector matures, logistics providers are becoming increasingly important infrastructure companies rather than simply delivery businesses. By investing in fulfillment centers, technology, and nationwide logistics capacity, Mylerz is positioning itself as one of the key platforms enabling the country’s digital commerce economy. With growing merchant adoption, expanding infrastructure, and continued investor support, the company is strengthening its role as one of Egypt’s leading e-commerce logistics providers.
