Egypt's Mylerz raises $2 million for logistics infrastructure expansion

Egyptian logistics startup Mylerz has secured over US$2 million in debt and equity funding to expand its logistics infrastructure across the country.

Founded in 2019 by Samer Gharaibeh, Mylerz offers end-to-end e-commerce logistics, fulfillment, and last-mile delivery services. The company operates through a technology platform that allows merchants to manage shipments and operations efficiently.

Following a US$9.6 million funding round in 2022, Mylerz has now raised an additional US$2 million. This new capital will support the expansion of its domestic operations, investment in fulfillment capacity, and enhancements to its operational infrastructure. The funding round was led by Lorax Capital Partners, with participation from Fawry and existing investors.

The funds will strengthen Mylerz Egypt's balance sheet and working capital, enabling the scaling of its fulfillment infrastructure, increased network capacity, and continued investment in its proprietary technology platform. This platform underpins the company's same-day and next-day delivery services.