{"id":85564,"date":"2024-07-23T00:00:00","date_gmt":"2024-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/23\/flat6labs-plans-to-launch-new-usd-85-mn-fund-to-finance-green-startups\/"},"modified":"2024-07-23T00:00:00","modified_gmt":"2024-07-23T00:00:00","slug":"flat6labs-plans-to-launch-new-usd-85-mn-fund-to-finance-green-startups","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/23\/flat6labs-plans-to-launch-new-usd-85-mn-fund-to-finance-green-startups\/","title":{"rendered":"Flat6Labs plans to launch new USD 85 mn fund to finance green startups"},"content":{"rendered":"

<\/strong>A new Flat6Labs fund in the pipeline: <\/strong>Regional VC firm Flat6Labs is planning to launch a USD 85 mn seed fund that will focus on startups in Egypt, Tunisia, and Africa at large by next year, Flat6Labs CIO Dina El Shenoufy told Enterprise. <\/p>\n

What\u2019s next? <\/strong>The firm is currently in talks with a number of financial institutions \u2014 including the International Finance Corporation \u2014 over their participation in the fund, she added. <\/p>\n

What sectors is the firm eyeing? <\/strong>Climate change solutions are among the firm\u2019s priority sectors, as well as edtech, logistics, healthcare, and agritech \u2014 a field that is in high demand in Egypt and other African markets, El Shenoufy told us.<\/p>\n

Flat6Labs\u2019 portfolio: <\/strong>The firm currently manages some USD 96 mn-worth of investments in Egypt and the Arab world, El Shenoufy said. It has invested in 160 startups in the Egyptian market across various fields \u2014 including 95 companies operating in the tech, healthcare, e-commerce, and logistics sectors through its first USD 13 mn fund. <\/p>\n

ALSO- Flat6Labs to participate in the relaunched Shell Intilaaqah Egypt Program<\/strong>, under a collaboration agreement with Shell Egypt, Shell Egypt said in a press release (pdf)<\/a>. The program aims to support over 1k Egyptian entrepreneurs a year, with Flat6Labs helping them define their mission, vision, and initial strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fund will focus on Egypt and Tunisia, as well as other African markets<\/p>\n","protected":false},"author":1,"featured_media":85565,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[265],"tags":[40,11,264,262,294],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-egypt","tag-enterpriseclimate","tag-startup-watch","tag-startups","tag-tunisia","wpautop","entry"],"acf":{"mongo_id":"b8561d64-789f-4313-87ee-568f93b913a9","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1768.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Flat6Labs plans to launch new USD 85 mn fund to finance green startups","related_issue":[85552],"teaser":"The fund will focus on Egypt and Tunisia, as well as other African markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.37f563ba-471a-4b04-8983-76d31b27a1ee.mp3"},"yoast_head":"\nFlat6Labs plans to launch new USD 85 mn fund to finance green startups - 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