4

Flat6Labs

MENA region's leading seed and early stage venture capital firm
Flat6Labs
Leadership team

Ramez El-Serafy (Founder and Chairman of Flat6Labs)

Ramez Mohamed (CEO and Co-Founder of Flat6Labs)

Ahmed El Alfi (Executive Chairman of Sawari Ventures)

Number of Employees
0 - 50
Headquarters
Abu Dhabi, United Arab Emirates
Established
2011
Social Media
Summary

Flat6Labs is an accelerator and seed investment firm based in the Middle East and North Africa. It provides seed investments, acceleration and mentorship services to entrepreneurs from across the region. Its goal is to enable startups to launch their products and services, scale their businesses and compete in regional and global markets. 

The firm has invested in more than 100 startups across the region. It also runs a series of tailored programs and workshops, mentorship sessions and networking events to support and mentor its portfolio companies.


History

Flat6Labs is a venture capital firm that was founded in 2011 by Ramez Mohamed, Ramez Dagher and Khaled Talhouni in Abu Dhabi, United Arab Emirates. It invests in early-stage technology startups primarily in the Middle East and North Africa region. The network has supported over 350 startups across the MENA region, and its alumni have gone on to raise over $200 million in funding and create over 2,500 jobs.

Flat6Labs provides seed-stage funding to tech startups and focuses on developing the startup ecosystem in the MENA region. It also provides mentorship, access to networks and resources, and access to a co-working space. The company has invested in more than 60 startups, including Careem, Souqalmal, Ride, Vezeeta, Instabug and many others.

Flat6Labs has offices in Abu Dhabi, Cairo, Jeddah, and Beirut. It has also established a presence in Saudi Arabia after it launched its first incubator program in Riyadh in 2018. In 2020, Flat6Labs launched its first accelerator program in Saudi Arabia, which is focused on female founders and entrepreneurs.

Flat6Labs has also partnered with other venture capital firms such as 500 Startups and Saudi-based Arzan Venture Capital to invest in tech startups. Flat6Labs has played a significant role in fostering innovation and entrepreneurship in the MENA region. The program has supported hundreds of startups, created thousands of jobs, and helped to build a vibrant startup ecosystem in the region.


Investment criteria

The program provides startups with the resources, mentorship, and support they need to grow and scale their businesses. The program evaluates startups based on the following criteria:

  • Team: Flat6Labs places a strong emphasis on the quality and experience of a startup's team. The program looks for teams that have a diverse set of skills, a clear understanding of their market, and a commitment to their business.
  • Technology: The program evaluates the technology or product that a startup is developing and considers its potential to solve a problem or meet a market need. Flat6Labs looks for startups that have unique and innovative technology that can create a competitive advantage.
  • Market Potential: Flat6Labs assesses the market potential for a startup's product or service. The program looks for startups that are addressing a significant market opportunity and have the potential to disrupt or transform their respective industries.
  • Traction: Flat6Labs evaluates a startup's traction, or progress, in terms of customer acquisition, revenue growth, partnerships, and other relevant metrics. The program looks for startups that have demonstrated early traction and have the potential to continue growing and scaling.
  • Impact: Flat6Labs also considers the impact that a startup can have on society, the economy, or the environment. The program looks for startups that are developing solutions to important problems facing their communities or the world at large.

Values
  • Innovation: Flat6Labs values innovation as a key driver of progress and economic growth. The program seeks to support startups that are developing innovative solutions to important problems and encourages its portfolio companies to continue pushing the boundaries of what's possible.
  • Collaboration: Flat6Labs believes that collaboration and cooperation are essential to building a strong and vibrant startup ecosystem. The program fosters collaboration among its portfolio companies, mentors, investors, and partners, and works to create a culture of support and mutual learning.
  • Diversity and Inclusion: Flat6Labs is committed to creating a diverse and inclusive startup ecosystem that supports entrepreneurs from all backgrounds and walks of life. The program actively seeks to identify and support startups led by women, minorities, and other underrepresented groups.
  • Social Impact: Flat6Labs believes that entrepreneurship can be a powerful tool for creating positive social impact. The program seeks to support startups that are developing solutions to important problems facing their communities and the world at large and encourages its portfolio companies to consider the social and environmental impact of their businesses.
  • Excellence: Flat6Labs is committed to excellence in all aspects of its work, from selecting and supporting startups to providing mentorship and resources. The program sets high standards for itself and its portfolio companies and strives to achieve excellence in everything it does.

Mission

Flat6Labs’ mission is to fuel and support the next generation of entrepreneurs in the Middle East and North Africa (MENA) region. Through their seed investments, mentorship network, and acceleration programs, Flat6Labs strives to empower entrepreneurs to build innovative products and services that create positive change in the region. Flat6Labs also seeks to create an ecosystem of innovation and entrepreneurship in MENA that can attract and retain talent, foster economic growth, and create a culture of entrepreneurship.


Portfolio

Flat6Labs' portfolio reflects the program's commitment to supporting innovative startups that have the potential to create positive social and economic impact in the MENA region. The program provides startups with the resources, mentorship, and support they need to grow and scale their businesses and make a difference in their communities. Some examples of startups in Flat6Labs' portfolio include:

  • Eventtus: Eventtus is a platform that helps event organizers plan and manage their events. The platform provides tools for ticketing, networking, and marketing, and has been used to organize over 20,000 events in more than 20 countries.
  • Nawah Scientific: Nawah Scientific is a scientific research company that provides analytical and scientific services to a wide range of industries. The company's services include chemical and microbiological testing, drug discovery, and genomic sequencing.
  • Fatura: Fatura is an e-commerce platform that provides a variety of products and services to consumers in Egypt. The platform allows users to pay their bills, buy mobile credit, and shop for a wide range of products, including electronics, fashion, and home goods.
  • Filkhedma: Filkhedma is a platform that connects freelance workers with job opportunities in Egypt. The platform provides a wide range of services, including home maintenance, cleaning, and transportation, and has been used by thousands of customers and freelancers.
  • Elmenus: Elmenus is a food ordering and delivery platform that operates in Egypt and Saudi Arabia. The platform provides a wide range of food options from local restaurants and cafes and has been used by millions of customers.

References
Flat6Labs
Leadership team

Ramez El-Serafy (Founder and Chairman of Flat6Labs)

Ramez Mohamed (CEO and Co-Founder of Flat6Labs)

Ahmed El Alfi (Executive Chairman of Sawari Ventures)

Number of Employees
0 - 50
Headquarters
Abu Dhabi, United Arab Emirates
Established
2011
Social Media