Egypt’s Flextock closes $3.25 M in the biggest pre-seed yet in MENA
Flextock, among the 10 African start-ups from the recent Y Combinator winter season batch, has actually bagged a remarkablepre-seed round simply two months after graduation. The five-month-old business, which helps businesses and consumers handle e-commerce andfulfillment operations — from warehousing and logistics to shipment and money collection — has closed a$3.25 million pre-seed […]
Flextock presently serves the Egyptian market. Flextock which offers e-commerce fulfillment appears to be one following the global freight company’s”tactical investment”in the Egyptian business. For Mazen Nadim, the handling partner at Foundation Ventures, Flextock’s e-commerce fulfillment and logistics play will be essential to realizing the regional dominance it yearns for. Flextock’s investment continues the series of seven-figure pre-seed rounds that have actually become more widespread in the African tech scene. No less than six startups(consisting of Flextock )have actually raised$1 million or more in this round in the past year….
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