Flat6Labs is a seed-stage accelerator headquartered in Egypt that is looking to invest its first venture outside of the MENA region through a $95 million Africa Seed Fund investment vehicle. The firm has invested in over 100 startups across the Middle East and North Africa (MENA) region, and it views this new fund as an opportunity to support growth in other parts of the continent. Flat6Labs plans to invest aggressively in early-stage companies focused on Technology, Innovation, Opportunity (TIO) sectors such as CleanTech, Fintech, and Foodtech.
As Flat6Labs expands into Africa, it will be taking a gradual approach with two thirds of its investments still going to companies located in North Africa. While the firm is eyeing an initial close before the end of the year, this expansion could have huge implications for entrepreneurship and economic growth in sub-Saharan Africa.
This new market is a huge addition for Coca-Cola as it expands its product line to include more languages and countries. The populations of Kenya, Nigeria, Senegal, Côte d’Ivoire, Ghana and Cameroon are all different and enjoy different types of beverages. This new market will give Coca-Cola a chance to tap into the unique tastes of these countries and grow its customer base even further.
Since its founding in 2013, Flat6Labs has been committed to supporting Tunisian startups and advancing entrepreneurship across the country. Earlier this year, Flat6Labs began administering a $10 million Anava Seed Fund for Tunisian startups, making it the first seed accelerator in Tunisia and one of the most significant investments into startup ecosystem in years. The fund is now open to ventures from across Tunisia, providing recipients with access to capital and mentorship from industry experts.
As the markets in the region mature, companies are beginning to look at cohesive regions and opportunities. With similar products available across countries, it makes sense that Flat6Labs is exploring ways to create a regional marketplace. This will allow businesses to more easily take concepts from one country and implement them in another without losing liquidity or finesse. This is an important step as economies continue to grow and expand into new markets.
The Flat6Labs Africa Seed Fund was created to help entrepreneurs in the African region find and access the capital they need to start and grow their businesses. The fund is sector agnostic, which means it will invest in companies from a wide range of
The fund is excited to be investing in the latest wave of fintech startups, as they are ushering in a new era of financial innovation. This sector is booming and there are many great candidates waiting to be discovered. Healthtech companies are also a big focus for the fund, as they create opportunities to improve people’s lives through innovative technology. The Fund also plans to invest in mobility and cleantech startups, as these sectors have the potential to make a significant impact on our environment. Finally, e-
Flat6Labs is a venture capital firm that invests in startups across a variety of industries. It has invested between $30,000 to $100,000 in previous funds and intends to invest between $150,000 and $400,000 in the upcoming fund. This investment will ensure continued support for the startups involved and will create synergy between them and Flat6Labs.
The institutional co-founders of ROI Ventures are known for their experience and connections in the tech and startup industry, which provides a unique value to the company. Through their support, ROI Ventures is able to help plenty of startups get off the ground and reach new heights. This makes them an important asset not just for ROI Ventures itself, but for the entire tech community in North Africa as well.
The Flat6Labs accelerator is designed to help motivated startups from around the world come together and access new markets. The cohort will have founders from different regions, creating an opportunity for individuals from different cultures, and backgrounds to interact, share ideas, work together, and gain the opportunity to access new markets. Flat6Labs plans to back up to 170 startups over the next five years. With this level of support behind them, startups can achieve great success.
El-Shenoufy said that the checks will be based on how much work the founders have done in advance of receiving them. The more mature the founder, the higher their check will be.
Flat6Labs is a startup accelerator that has been deployed in several countries, most notably Saudi Arabia, the UAE, and Lebanon. The company has over $100 million in assets under management and plans to expand into more countries. Flat6Labs was founded in Egypt but has since moved its operations to other locations around the world. With its country-specific funds and accelerator programs, Flat6Labs seeks to help startups grow and create jobs in underserved areas.
As one of the world’s leading development banks, the International Finance Corporation often works with smaller businesses and startup entrepreneurs in order to promote growth and innovation. Partnering with such organizations as Egypt Ventures and Egyptian American Enterprise Fund allows the IFC to expand its reach beyond traditional finance efforts into sectors like technology, agriculture and small business.
The African startup accelerator, StartUpAfrica, has announced a new program aimed at helping startups across the continent fundraising environment. The new program, called Founders4Africa, will provide startups with access to Seed and Series A investors in order to help them grow their businesses.
Not only is Africa an exciting place to do business, but it is also home to a burgeoning tech sector that is quickly gaining ground on traditional industries. With its young population and high demand for technology, there are plenty of opportunities for companies like Google to continue their growth into the continent.
Jessica has a history of successfully investing in inaugural startups, and is excited to continue working with founders as they navigate the early stages of their businesses. Jessica is passionate about empowering entrepreneurs to build great businesses, and believes that by supporting them during these early stages, they can create long-term success.
