Egyptian logistics startup Mylerz has closed a fresh funding round worth more than $2 million, combining debt and equity capital as it works to expand its logistics footprint across the country.
The round was led by Lorax Capital Partners, with participation from Fawry, one of Egypt’s largest digital payments companies, alongside a group of existing investors. It comes just a few years after Mylerz raised $9.6 million back in 2022, a round that was also backed by Lorax and Fawry.
Founded in 2019 by Samer Gharaibeh, Mylerz has built its business around end-to-end e-commerce logistics, fulfilment, and last-mile delivery. The company runs a technology platform that helps merchants manage everything from inventory and shipments to delivery tracking, giving retailers a way to handle rising order volumes without having to build that infrastructure themselves.
This new capital is earmarked for strengthening Mylerz’s balance sheet and boosting its working capital position. In practical terms, that means the company plans to scale up its fulfilment infrastructure, expand network capacity, and keep investing in the proprietary technology that powers its same-day and next-day delivery services.
Notably, the company is choosing to double down on Egypt rather than chase regional expansion. Every dollar of the new investment will stay focused on the domestic market, where Mylerz sees continued room to grow.
“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 Gharaibeh.
The timing is significant. Egypt’s e-commerce sector has been expanding steadily, driven by a young, digitally connected population, rising smartphone penetration, and growing comfort with online payments. In a country of more than 110 million people, that growth is putting real pressure on the fulfilment and delivery networks that make online shopping actually work. While shopping platforms tend to get most of the attention, it’s the warehousing, fulfilment centers, and last-mile delivery networks behind them that determine whether e-commerce can scale at all.
Mylerz isn’t operating in a vacuum. The company competes with local rivals including Bosta and ShipBlu, as well as regional logistics players that continue to pour money into the Egyptian market. In that kind of environment, speed, operational efficiency, and software capability matter just as much as raw delivery coverage.
SEE ALSO:egyEgypt’s Reme-D Raises $1.45M to Scale Molecular Diagnostics Access
Fawry’s continued involvement also points to a broader shift taking shape across African commerce. Payments and logistics are increasingly converging, with merchants gravitating toward fewer providers who can manage more of the transaction lifecycle end to end, from checkout to delivery.
The raise lands at a moment when investors across the Middle East and North Africa have grown more selective. Startups in the region pulled in $1.7 billion across 242 funding rounds in the first half of 2026, an 18 percent drop from the same period last year, with deal volume down 28 percent year on year. That Mylerz was able to secure follow-on backing from the same investors who supported it in 2022 suggests a level of confidence that’s increasingly hard to come by in the current funding climate.
For now, Mylerz’s strategy is clear: rather than spreading itself thin across new markets, the company is betting that deeper investment in Egypt’s logistics backbone is the surer path to growth.
