At a demo day in Cairo, the 18th and 19th cycle companies of the accelerator and venture capital firm Flat6Labs were featured.
Since its establishment and with its headquarters in Cairo, Flat6Labs has invested in more than 100 cutting-edge, technology-driven firms annually. It is the top seed and early-stage venture capital firm in the MENA area.
With continuous intentions to open offices in further growing areas, the firm has several offices spread out over the region.
It organized a demo day last week at the Great Egyptian Museum in Cairo to introduce 12 growth-oriented software firms from the Cairo Flat6Labs Seed Program. A crowd of about 500 people, including investors from Egypt and the region, saw the portfolio firms’ cutting-edge goods and services.
The 12 startups that were featured included the delivery platform FilTareeq, the food-focused multimedia company HUMM, the healthy food marketplace WellPal, the transportation service Seater, the money app Copal, the recruitment solutions TechieMatter and BabRizk, and the marketplace for healthy foods WellPal.
Mortgage financing platform BaytMisr, fleet management solution Fuelin, sharia-compliant finance platform Agel, AI writer Katteb, and patient engagement software Melior were amongst others.
The Flat6Labs Accelerator Company (FAC) Fund in Egypt has successfully invested EGP152 million (US $5 million) in 91 entrepreneurs over the course of its five-year investment term, culminating in this demo day event.
“I’m proud to say that Flat6Labs has played a pivotal role in stimulating the Egyptian economy through the investments we’ve made over the past 5 years, supporting more than 200 entrepreneurs in 16 different industries, creating over 81,500 indirect jobs and over 1,700 direct jobs, 31 percent of which are held by women. We look forward to continuing to support our 91 innovative portfolio startups, being part of their growth journey, and making an even bigger impact across Africa and the region,” said Flat6Labs’ CIO, Dina el-Shenoufy.
