Dabafinance - Mylerz Raises $2M to Expand Egypt Logistics Network

Egyptian logistics startup Mylerz has raised more than EGP100 million (over $2 million) in a funding round led by Lorax Capital Partners, with participation from payments firm Fawry and existing shareholders. Founded in 2019 by Samer Gharaibeh, the company said the fresh capital will be used to strengthen its balance sheet, increase working capital and expand fulfilment and last‑mile delivery infrastructure across Egypt.

"The funding will help it meet rising demand from Egypt’s growing e‑commerce and cross‑border trade sectors while maintaining service quality for merchants and consumers," Mylerz said.

Funding and strategic focus

The round, disclosed as exceeding EGP100 million, follows a previous $9.6 million raise in 2022 and signals continued investor support as Mylerz scales its domestic operations. Lead investor Lorax Capital Partners took the primary stake in the latest round, while Fawry — one of Egypt’s largest digital payments companies — and existing shareholders also participated.

Mylerz operates a technology platform that provides e‑commerce logistics, fulfilment and last‑mile delivery services, enabling merchants to manage shipments, warehousing and delivery operations. The company emphasised that the new capital will be allocated primarily to operational strengthening rather than rapid geographic expansion: shoring up working capital, expanding fulfilment centres and bolstering delivery capacity to support same‑day and next‑day services.

Operational priorities and market context

Management framed the investment as a response to rising volumes in Egypt’s e‑commerce market and increasing cross‑border trade. By directing funds toward network capacity and technology development, Mylerz is prioritising operational efficiency and service reliability — critical factors as competition intensifies among local and international logistics providers vying for online retail customers.

• Founding: Mylerz was founded in 2019 by Samer Gharaibeh.
• Latest funding: More than EGP100 million (over $2 million), led by Lorax Capital Partners.
• Participants: Fawry and existing investors.
• Prior capital: $9.6 million raised in 2022.
• Use of proceeds: Strengthen balance sheet, increase working capital, expand fulfilment and last‑mile delivery network, and develop technology for same‑day/next‑day deliveries.

Outlook

With the new funding, Mylerz aims to handle higher shipment volumes while maintaining service quality for merchants and end customers. The participation of Fawry underscores closer ties forming between payments and logistics providers as merchants seek more integrated commerce solutions. For Mylerz, strengthening the balance sheet and investing in fulfilment and routing technology will be essential levers as it competes on speed, reliability and cost control.

As Egypt’s e‑commerce market continues to expand, logistics operators face pressure to deliver faster, cheaper and more traceable services. Mylerz’s strategy of allocating fresh capital to network capacity and operational resilience suggests the company is preparing to meet that demand head‑on rather than pursue immediate geographic expansion.