• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business StartUPs

MENA VC Flat6Labs Launches Fund to include East, West Africa Startups in Portfolio

by Joan Aimuengheuwa
March 14, 2023
in StartUPs
0
MENA VC Flat6Labs’ Launches Fund to include East, West Africa Startups in Portfolio
Flat6Labs Partners

Flat6Labs Partners

UBA
Advertisements

Flat6Labs, an Egypt-based seed-stage accelerator, is one of the most active VCs in Africa, having invested in over a hundred startups across the Middle East and North Africa (MENA) region. 

Now, after 11 years, the firm is expanding its reach into East and West Africa with a $95 million Africa Seed Fund. This marks its first venture outside of MENA.

Flat6Labs is aiming to gradually increase its allocations into sub-Saharan Africa, with two-thirds of its funds still being directed towards businesses in North Africa. An initial close is anticipated before the end of the year.

The focus countries include Kenya and its neighboring markets in East Africa, as well as the Anglophone and francophone sides of West Africa, including Nigeria, Senegal, Côte d’Ivoire, Ghana and Cameroon.

This is Flat6Labs’ first fund for startups across multiple countries as it previously established country-specific funds, such as the $10 million Anava Seed Fund for Tunisian startups. 

Flat6Labs plans to allocate funds across all sectors, with a focus on fintech, healthtech, logistics, mobility, cleantech, agtech, retail and e-commerce startups. It will invest between $150,000 and $400,000 initially and up to $500,000 for further support. Prior funds have seen investments ranging from $30,000 to $100,000.

The cohort brings together founders from various regions, cultures and backgrounds to collaborate, exchange ideas, and gain access to new markets. Every six months, 10 to 15 startups will be admitted into the accelerator’s seed program, with the aim of supporting up to 170 startups over the next five years.

Flat6Labs, asserting $100 million in assets under management, was launched in Egypt, and since then has established several funds and accelerator programs with partners in seven countries, including Saudi Arabia, the UAE, and Lebanon. 

Backers of previous funds include the International Finance Corporation (IFC), MSME Development Agency, Egypt Ventures and the Egyptian American Enterprise Fund. Now, with the launch of the accelerator, it is aiming to provide the necessary support African startups need, especially in a difficult fundraising landscape.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Flat6LabsSeed stage startups
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Ecobank and IITA partnership

Ecobank and IITA to Train, Support 16,000 Youths Agriculture Value Chain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Uber Partners BYD to Roll Out 100,000 Electric Vehicles Across Key Global Markets

Uber Partners BYD to Roll Out 100,000 Electric Vehicles Across Key Global Markets

11 months ago
Eldrid Jordaan, Co-CEO of Suppple

AI Company Suppple, Founded by South Africans, Goes Public in Luxembourg – LuxSE

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.