Flat6Labs restructures below new F6 Group with devoted VC arm F6 Ventures 

Flat6Labs, the Center East’s most energetic startup accelerator, has restructured below a brand new holding firm referred to as F6 Group, alongside the launch of F6 Ventures, a devoted seed-stage funding agency, it introduced right this moment. The transfer consolidates 14 years of regional startup ecosystem constructing below a unified construction designed to offer complete help from acceleration by means of funding.

The restructuring separates Flat6Labs’ accelerator applications from its funding operations, which have grown because the platform’s launch in Cairo in 2011 to span over 8,000 founders throughout a number of markets and a portfolio of 300+ firms. The brand new construction maintains strategic alignment between each arms whereas permitting every to deal with their core capabilities.

F6 Ventures, based by Flat6Labs leaders Dina el-Shenoufy and Ramez El-Serafy, manages six funds with over $90 million in belongings below administration (AUM), representing Flat6Labs’ present portfolio firms and investments. The agency focuses particularly on addressing funding gaps on the vital pre-seed and seed levels throughout the Center East and Africa.

“F6 Ventures marks a brand new period in our journey, bringing targeted capital and sharper execution to help the area’s boldest founders,” mentioned el-Shenoufy, who now serves as Group CEO and Basic Companion at F6 Ventures. “We’re extending our dedication to early-stage startups to assist them scale from thought to affect.”

Below the brand new construction, Flat6Labs continues as a standalone model with newly appointed CEO Yehia Houry, sustaining its place because the area’s main platform for startup applications and ecosystem improvement. The accelerator will sharpen its deal with founder help and innovation applications throughout rising markets, constructing on its monitor report of launching profitable startups together with Hawaya, which was acquired by Match Group in 2019.

“Over greater than a decade, we’ve empowered 1000’s of founders and helped daring concepts develop into market-leading startups. I’m excited to start this new chapter with F6 Ventures serving to founders scale quicker and drive the following wave of innovation,” mentioned Ramez El-Serafy, co-founder and Basic Companion at F6 Ventures.

Each entities function below the unified construction of F6 Group, led by Dina el-Shenoufy as CEO and Hany Al Sonbaty as founder and Chairman.

F6 Ventures is headquartered in Cairo with workplaces throughout Riyadh, Abu Dhabi, Amman, Tunis, and Nairobi. The agency’s management consists of regional companions Eyad Albayouk, Ryaan Sharif, Rasha Manna, Walid Triki, and Christine Namara, bringing a long time of mixed expertise in enterprise capital and entrepreneurship.

The newly launched VC agency plans to launch a number of regional funds throughout Africa, the GCC, and the Levant, concentrating on $200 million in AUM and investments in over 200 firms inside 5 years.

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