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

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.

Egypt’s Flextock raises $12.6M Series A led by TLcom to boost e-commerce platform across MENA

Egyptian e-commerce startup Flextock has closed a $12.6 million Series A round led by TLcom Capital, the pan-African venture firm known for backing technology companies across the continent. The funding will help the company expand its platform across the Middle East and North Africa region. TLcom was joined by Capria VC, Accessbridge Ventures, Alter Global, and a number of other global investors. For TLcom, this marks its third investment in Eg…