News
Flextock raises $12.6 million Series A led by TLcom Capital
Egyptian e-commerce logistics platform Flextock has raised a $12.6 million Series A led by TLcom Capital, with a group of regional and global investors joining.
By Propel Africa · 2026-02-17
Flextock, an Egypt-founded e-commerce logistics company, has raised a $12.6 million Series A led by TLcom Capital, Wamda reported on 17 February. Conjunction Capital, Capria Ventures, Access Bridge Ventures, Foundation Ventures, BY Venture Partners, Jameel Investment Management Company, Alter Global, MSA Capital and other unnamed investors also took part.
An integrated logistics stack
Flextock combines fulfilment, last-mile delivery aggregation, cross-border trade enablement, marketplace access and data-driven merchant financing in one platform. Its products are Flextock for fulfilment and inventory, Flexship for last-mile delivery aggregation, Flexborders for cross-border trade, Flexshops for marketplace access and Flexcash for merchant financing.
Founders and earlier funding
Mohamed Mossaad and Enas Siam founded the company in 2021. The same year it raised a $3.25 million pre-seed round from investors including Foundation Ventures, Jameel Investment Management Company and Bridge Ventures, plus undisclosed GCC angel investors.
Plans
Flextock operates in Egypt and Saudi Arabia. The Series A will pay for expanding its operational infrastructure, deepening its end-to-end product suite and accelerating merchant acquisition in those core markets.
At a glance
- Company: Flextock
- Raised: $12.6 million
- Round: Series A
- Lead investor: TLcom Capital
- Other investors: Conjunction Capital, Capria Ventures, Access Bridge Ventures, Foundation Ventures, BY Venture Partners, Jameel Investment Management Company, Alter Global, MSA Capital
- Founded: 2021
- Markets: Egypt and Saudi Arabia
- Earlier round: $3.25 million pre-seed