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Egypt’s Mylerz Raises $9.6M For Its E-Commerce Fulfillment Service, Eyes Africa-Wide Growth

May 11, 2022

Amount Raised

$9.6 Million

Round Type

Funding Round

CairoConsumer GoodsTransportation

Description

Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 million funding it has just secured.

Quick answer

Mylerz raised $9.6 Million in a Funding Round round, dated May 11, 2022. Mylerz is based in Cairo, Cairo, Egypt.

How much did Mylerz raise?
Mylerz raised $9.6 Million in a Funding Round round on May 11, 2022.
What does Mylerz do?
The startup also has its eyes on the growing e-commerce market in East Africa, with the long-term goal of growing into a pan-African shipping logistics provider – by tapping the e-commerce market in Africa, which has..
Where is Mylerz based and how big is it?
Mylerz is based in Cairo, Cairo, Egypt. Fundz records about 410 employees.
Who are the decision-makers at Mylerz?
Fundz holds 3 contacts at Mylerz, including the Head of People & Culture. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Consumer Goods and Transportation around the same time

Companies in the same sectors as Mylerz that raised within 45 days of this round, from Fundz verified event records.

  • Eagle Football Holdings raised an undisclosed amount (Funding Round) on June 24, 2022.
  • Epoch Biodesign raised an undisclosed amount (Seed) on June 22, 2022.
  • Bunker Hill Mining Corp raised $15M (Convertible Note) on June 20, 2022.
  • Impulse Space raised $10M (Funding Round) on June 17, 2022.
  • Sknups raised $3.5M (Seed) on June 16, 2022.
  • PayCargo raised $130M (Funding Round) on June 15, 2022.

Who to call at Mylerz, and when

A new round usually means Mylerz is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Mylerz raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Mylerz, from your own LinkedIn network

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Company Information

Company

Mylerz

Location

Cairo, Cairo, Egypt

About

The startup also has its eyes on the growing e-commerce market in East Africa, with the long-term goal of growing into a pan-African shipping logistics provider – by tapping the e-commerce market in Africa, which has experienced 18% annual growth since 2014. The Mylerz platform allows its partners to track the orders sent out for delivery, change destination or delivery time, and generate business insights like consumer behavior and demographics. The startup says it provides same-day deliveries on behalf of hundreds of its partners. Gharaibeh founded Mylerz in November 2019 borrowing from his experience at Aramex, a UAE-based multinational logistics and fulfillment company, where he worked for 23 years with his last role being head of Africa.“Because of my experience at Aramex, I understand the regulations of different countries in Africa and know the right kind of partnerships to have, to be successful. Gharaibeh told TechCrunch that Mylerz has 21 fulfillments centers and plans to open a 25,000 sqm hub, its biggest so far, to keep up with the growing demand for storage, order processing and last-mile deliveries. Mylerz also operates a fleet of over 350 eco-friendly vehicles powered by compressed natural gas (CNG).

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Fundz sees it the moment Mylerz raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsAmal, Head of People & Culture hidden hiddenSee plans and pricing
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Mylerz raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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