Egypt: Mylerz Raises $2m to Expand Egypt Logistics Network

Egyptian logistics startup Mylerz raised more than EGP100 million, or over $2 million, in a funding round led by Lorax Capital Partners with participation from Fawry and existing investors.

Founded in 2019 by Samer Gharaibeh, Mylerz provides e-commerce logistics, fulfilment and last-mile delivery services through a technology platform that helps merchants manage shipments, warehousing and delivery operations.

The company said it will use the new funding to strengthen its balance sheet, increase…