Egypt’s Khazenly startup raises $2.5m in seed funding round

RIYADH: Khazenly, an Egypt-based warehousing platform, raised $2.5 million in a seed funding round co-led by venture capital firms Arzan Venture Capital and Shorooq Partners.

The company provides solutions to support merchants with their business and logistics operations, MAGNiTT reported.

“Our simplified, technology-fueled platform, high-caliber experienced team, and network of market-leading partners help merchants grow and scale,” Mohamed Younes, co-founder and chief executive officer, said in a statement.