Egypt's Mylerz brings in $2 million to scale logistics infrastructure
MylerzCompany
Lorax Capital PartnersInvestor
FawryInvestor
Mylerz, the Egyptian e‑commerce logistics platform, raised over EGP 100 million (about $2 million) in a debt‑and‑equity financing led by Lorax Capital Partners with participation from Fawry, to fund balance‑sheet strength, working capital and infrastructure expansion across Egypt.
Mylerz secured more than EGP 100 million (approximately US$2 million) in a new debt and equity financing round, with Lorax Capital Partners acting as lead investor and Fawry joining alongside existing shareholders. The capital infusion is earmarked for balance‑sheet reinforcement, working‑capital needs and scaling of fulfilment and last‑mile delivery infrastructure throughout Egypt.
Deal Terms
The round combines debt and equity components, though the split was not disclosed. Lorax Capital Partners, a regional growth‑stage investor, led the transaction, while Fawry, a prominent payments provider, contributed as a co‑investor. Existing shareholders also participated, underscoring continued confidence in Mylerz’s growth trajectory. The total commitment exceeds EGP 100 million, matching the headline figure reported by the company.
Strategic Context
Founded in 2019, Mylerz offers an integrated SaaS‑enabled logistics platform that lets merchants orchestrate shipments, fulfilment and same‑day or next‑day delivery. The fresh funding follows a US$9.6 million round in 2022 and arrives as Egypt’s e‑commerce market accelerates, driven by rising internet penetration and cross‑border trade. By bolstering its balance sheet, Mylerz aims to expand fulfilment capacity, increase network coverage and deepen its technology stack, positioning itself to capture a larger share of the country’s fast‑growing online retail volumes.
The financing also signals that regional investors remain willing to back logistics‑tech operators with hybrid capital structures, blending debt to preserve equity upside while providing the liquidity needed for rapid infrastructure rollout. Mylerz’s CEO Samer Gharaibeh highlighted the capital as a “strong vote of confidence” from partners familiar with the business, reinforcing the company’s commitment to operational discipline and service quality as it scales.
Overall, the transaction equips Mylerz with the financial runway to meet rising demand, expand its service footprint and potentially explore new verticals within the broader B2B SaaS logistics ecosystem.
Why It Matters
For Mylerz, the infusion of debt‑and‑equity capital sharpens its competitive edge against other regional last‑mile providers such as Aramex and local fulfilment startups. The strengthened balance sheet reduces financing friction, enabling faster network expansion and technology upgrades that can improve net revenue retention and average order value for its merchant customers. Competitors will need comparable liquidity to match Mylerz’s planned capacity growth, potentially prompting a wave of similar hybrid financing deals in the region.
Investors in the broader MENA SaaS logistics space will view the round as validation that debt‑backed growth can coexist with equity participation, especially when backed by strategic partners like Fawry. This may encourage other capital providers to structure blended deals, offering startups the flexibility to scale without excessive dilution while still accessing growth capital.
Key Points
- Mylerz raised over EGP 100 million (≈US$2 million) in a combined debt‑equity round
- Lorax Capital Partners led the financing with participation from Fawry and existing shareholders
- Funds will be used to strengthen the balance sheet, finance working capital and expand fulfilment and last‑mile infrastructure
- The round follows a US$9.6 million raise in 2022
- Founder and CEO Samer Gharaibeh said the financing reflects strong partner confidence
Analysis
The $2 million financing positions Mylerz to pursue a capital‑efficient growth model that blends debt discipline with equity upside. While the exact valuation multiple was not disclosed, the modest size of the round relative to the company’s prior $9.6 million raise suggests a focus on operational scaling rather than a high‑growth, high‑multiple fundraising sprint. In the MENA SaaS logistics niche, where gross margins often hover above 30% and net revenue retention can exceed 120% for high‑engagement merchants, access to low‑cost debt can accelerate network build‑out without eroding founder equity. The involvement of Fawry, a payments leader, adds a strategic layer, potentially unlocking integrated checkout‑to‑delivery workflows that could boost merchant stickiness and increase average revenue per user. For investors, the deal underscores a growing appetite for hybrid capital structures in emerging‑market SaaS, where cash‑flow‑positive operators can leverage debt to fund infrastructure while preserving equity upside for future rounds or exits. As e‑commerce volumes in Egypt continue to outpace regional averages, Mylerz’s expanded fulfilment capacity may set a new benchmark for service speed and reliability, pressuring rivals to secure similar financing or risk losing market share. The transaction thus illustrates how targeted, modest capital can catalyze scale in a high‑growth vertical, offering a template for other B2B SaaS logistics firms seeking to balance growth ambitions with capital efficiency.