Cairo-based last-mile logistics startup Mylerz has raised $2 million in new funding to scale its delivery and logistics infrastructure across Egypt, according to Disrupt Africa. The round's stage and lead investor have not been disclosed in early reporting, but the raise signals continued investor appetite for logistics infrastructure plays in one of Africa's largest consumer markets.
Mylerz operates in a segment that has become increasingly competitive as Egyptian e-commerce accelerates. The company focuses on last-mile delivery — the costliest and most operationally complex leg of the fulfilment chain — a problem that remains unsolved at scale across much of the country's fragmented urban and peri-urban geography.
Egypt's logistics sector has attracted a steady stream of capital over the past several years, driven by the rapid expansion of online retail and the persistent gap between merchant demand and reliable delivery capacity. Startups including Bosta, which previously raised $6.7 million in a Series A round, and Rabbit, operating in the quick-commerce space, have all competed for a share of the same merchant and consumer base that Mylerz is targeting.
The $2 million raise is relatively modest by regional standards, suggesting this could be early-stage or bridge capital intended to extend runway and build out physical infrastructure — sorting hubs, delivery fleets, or last-mile coverage in underserved corridors — before a larger institutional round. In a capital-intensive sector like logistics, where unit economics only improve meaningfully at scale, the deployment of this funding will be closely watched.
Egypt's macroeconomic environment adds a layer of complexity to the story. The country has navigated significant currency devaluations since 2022, with the Egyptian pound losing more than half its value against the dollar at various points, compressing dollar-denominated valuations and making USD-denominated raises both more valuable and more dilutive for local founders. For a logistics business with costs largely denominated in local currency, however, a dollar raise translates into meaningful operational firepower.
The broader Egyptian startup ecosystem raised roughly $265 million across deals in 2023, according to prior Disrupt Africa tracking, with fintech and logistics among the top-performing sectors. Logistics in particular benefits from a structural tailwind: Egypt's population of over 105 million, combined with a young demographic and growing smartphone penetration, underpins a long-term e-commerce growth story that few investors are willing to ignore entirely, even amid macro turbulence.
For Mylerz, the immediate priority will likely be network density — the number of delivery touchpoints, coverage zones, and merchant integrations that determine whether a logistics startup can offer the reliability that drives repeat business. In last-mile delivery, the winner is rarely the cheapest operator but the most consistent one, and consistency requires capital investment in people, technology, and physical assets ahead of revenue.
Why it matters: A $2 million injection into Egyptian logistics infrastructure is a small but telling data point — it shows early-stage capital is still moving into the sector despite Egypt's currency pressures, and that investors see the country's e-commerce fulfilment gap as a durable business opportunity worth backing at the ground floor.