MENA VC Flat6Labs’ new fund to back startups in East, West Africa
By Editor - Mon Mar 13, 11:33 pm
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Flat6Labs is amongst the most active VCs in Africa, having invested in over a hundred startups to date, across the Middle East and North Africa (MENA) region. And now, after 11 years, the Egypt-based seed-stage accelerator is setting out on a foray into East and West Africa through a $95 million Africa Seed Fund investment vehicle that will mark its first venture outside MENA. “We’re embarking on a new phase for the organization by expanding into sub-Saharan Africa through Africa Seed Fund,” the firm’s CEO Ramez El-Serafy told TechCrunch, adding that the expansion will be gradual, with two-thirds of its allocations still going to enterprises in North Africa. Flat6Labs is eyeing an initial close before the year ends.
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MENA VC Flat6Labs’ new fund to back startups in East, West Africa
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