Flat6Labs, a Cairo, Egypt-based seed and early stage venture capital firm operating in the MENA region, launched a US$95M fund.
The Africa Seed Fund (ASF) will invest in more than 160 early-stage startups over the next five years that operate in the technology sector in Africa, with a focus on impactful sectors that accelerate digital inclusion through the use of information technologies and industries which contribute to addressing social and environmental challenges, such as HealthTech, FinTech, EdTech, GreenTech, AgriTech, ClimateTech, and other sectors.
Flat6Labs invests in innovative and technology-driven startups. Currently, the firm is located in seven countries – Egypt, Lebanon, Tunisia, Bahrain, Jordan, UAE, and KSA, managing a number of seed funds with total assets under management (AUM) in excess of $85M. The firm will be extending its reach into several new territories including Nigeria, Ghana, Kenya, Morocco, and Senegal, amongst others.
The ASF will be led by Ramez El-Serafy and Dina el-Shenoufy as General Partners for the fund.
FinSMEs
14/03/2023