Flextock Raises $12.6M in Series A Led by TLcom Capital

Egypt- and Saudi-based 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, alongside Access Bridge Ventures, Foundation Ventures, BY Venture Partners, JIMCO, Alter Global, MSA Capital and other investors.

Founded in 2021 by Mohamed Mossaad and Enas Siam, Flextock operates across Egypt and Saudi Arabia, offering end-to-end fulfilment, delivery aggregation, cross-border enablement, sales-channel access and embedded financing. The platform is built to consolidate logistics, distribution and working capital tools into a single technology layer designed to streamline commerce operations for online merchants.

The new capital will be used to deepen the company’s integrated platform, expand operational infrastructure in its two core markets and accelerate merchant acquisition. Flextock plans further investment across its product suite, which includes Flextock for fulfilment and inventory management; Flexship for last-mile delivery aggregation; Flexborders for cross-border trade enablement; Flexshops for marketplace and online sales access; and Flexcash for embedded, data-driven merchant financing.

The company positions its model as a unified system through which merchants can manage fulfilment, delivery and financing, while expanding sales domestically and across borders. According to Flextock, the approach is designed to address structural constraints facing small and medium-sized enterprises, particularly fragmented logistics networks and limited access to working capital in regional e-commerce markets.