Egypt: Flextock Raises $12.6m to Expand Egypt and Saudi Logistics Operations

E-commerce logistics startup Flextock has raised $12.6 million in a Series A round led by TLcom Capital, with participation from Conjunction Capital and Capria Ventures. Existing investors Access Bridge Ventures, Foundation Ventures, BY Venture Partners, JIMCO, Alter Global and MSA Capital also joined the round.

Founded in 2021 by Mohamed Mossaad and Enas Siam, Flextock operates in Egypt and Saudi Arabia. The company provides fulfilment, delivery aggregation, cross-border enablement, sales-channel…