Egypt’s Khazenly raises $2.5 million Seed round

Egypt’s Khazenly raises $2.5 million Seed round

Egypt-based logistics platform Khazenly, has fundraised a $2.5 million Seed round, co-led by Arzan Venture Capital and Shorooq Partners, as well as other investors including Camel Ventures, Averroes Ventures, and angel investors.

Founded in mid-2021 by Mohamed Younes, Osama Aljammali, Mohamed Montasser, and Ahmed Dewidar, Khazenly provides e-commerce merchants with an omnichannel solution that helps them digitise their fulfilment processes. 

The fundraising will be used to develop Khazenly’s products and services, as well as support its geographical expansion.

Press release:

Khazenly, the Cairo-based on-demand digital warehousing and fulfilment platform, announces its successful seed fundraise of $2.5 million. 

The funding round was co-led by leading regional venture capitalists Arzan Venture Capital - which specialized in innovative, early-stage startups, and Shorooq Partners - which focused on seed-stage tech funding across MENAP. Other investors included Fintech-focused fund - Camel Ventures, Averroes Ventures, and various angel investors.

Proceeds will be used to develop Khazenly’s products and services, and quadruple its existing facilities. The geographical expansion will also be supported as Khazenly continues its rapid growth trajectory during 2022. 

Founded in mid-2021 by Mohamed Younes (CEO), Osama Aljammali (CCO), Mohamed Montasser (CXO), and Ahmed Dewidar (CTO), Khazenly is shaping the future of e-Commerce in Egypt.