{"id":557676,"date":"2021-09-28T04:00:42","date_gmt":"2021-09-28T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/flat6labs-raised-usd-7-mn-in-second-close-for-tunisia-fund\/"},"modified":"2021-09-28T04:00:42","modified_gmt":"2021-09-28T04:00:42","slug":"flat6labs-raised-usd-7-mn-in-second-close-for-tunisia-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/flat6labs-raised-usd-7-mn-in-second-close-for-tunisia-fund\/","title":{"rendered":"Flat6Labs raised USD 7 mn in second close for Tunisia fund"},"content":{"rendered":"

<\/a> Flat6Labs announced the second close for its Tunisia-based <\/strong>Anava Seed Fund<\/a><\/strong>, during which it raised USD 7 mn, pushing the fund\u2019s total commitments to USD 10 mn, the company announced (pdf)<\/a>. The fund aims to invest in 75 Tunisian early-startups in a five-year period.<\/p>\n

The fund was launched in 2017<\/strong> in partnership with the Tunisian American Enterprise Fund, BIAT Bank and Meninx Holding. Since its launch, the fund invested in over 50 startups in Tunisia operating in 22 sectors between fintech, education, delivery services and aeronautics, which have created over 500 jobs.<\/p>\n

Anava Seed Fund investors: <\/strong>Sawari Ventures is the most recent investor with an investment of USD 1.6 mn. Other investors include the International Finance Corporation, the International Arab Bank of Tunisie, the Tunisian American Enterprise Fund and Meninx Holding.<\/p>\n

Startups funded by the Anava Seed Fund include: <\/strong>MooMe, an IoT system and platform designed to help farmers, Fabskill, a cloud solution to digitize and automate the recruitment process using Artificial Intelligence and Optimalogistic, a marketplace connecting truck drivers and transportation companies with customers.<\/p>\n

Flat6Labs in Egypt: <\/strong>Back in May, Cairo-headquartered Flat6 completed the second close<\/a> of its Egypt-focused Flat6Labs Accelerator Company (FAC), raising the fund size to EGP 207 mn from EGP 50 mn. FAC in turn raised its seed offering for its Cairo Seed Program to up to EGP 1.5 mn, while post-program follow-on funding will now be raised to EGP 3 mn for selected startups.<\/p>\n

ALSO FROM PLANET STARTUP-<\/strong><\/p>\n

Dubai-based workspace firm <\/strong>Hotdesk<\/a><\/strong> raised USD 1 mn in a seed funding round <\/strong>and will launch in Egypt, UAE and Spain<\/strong>, according to a press release (pdf)<\/a>. The round was led by UAE-based company Virtuzone, and featured participation from the VC arm of real estate group AlZayani Investments, Zayani Venture Capital (ZVC), as well as several angel investors including Swvl CFO Youssef Salem. The statement provided no details on how the company would use the funding<\/strong> or about its planned launch in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Flat6Labs announced the second close for its Tunisia-based Anava Seed Fund, during which it raised USD 7 mn, pushing the fund\u2019s total commitments to USD 10 mn, the company announced (pdf). The fund aims to invest in 75 Tunisian early-startups in a five-year period. The fund was launched in 2017 in partnership with the Tunisian […]<\/p>\n","protected":false},"author":1,"featured_media":557677,"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":[7258],"tags":[72,697,95,123,351],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-flat6labs","tag-startup-watch","tag-startups","tag-tunisia","wpautop","entry"],"acf":{"mongo_id":"4d005b3c-48a7-41d9-9633-62a9771babca","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/377.jpg","photo_position":"above","related_issue":[557668],"teaser":"","voice_url":""},"yoast_head":"\nFlat6Labs raised USD 7 mn in second close for Tunisia fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/flat6labs-raised-usd-7-mn-in-second-close-for-tunisia-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flat6Labs raised USD 7 mn in second close for Tunisia fund\" \/>\n<meta property=\"og:description\" content=\"Flat6Labs announced the second close for its Tunisia-based Anava Seed Fund, during which it raised USD 7 mn, pushing the fund\u2019s total commitments to USD 10 mn, the company announced (pdf). 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FAC will in turn raise its seed offering for its Cairo Seed Program to up to EGP 1.5 mn,\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566392,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/flat6labs-hits-first-close-on-usd-20-mn-jordan-fund-egypts-odiggo-expands-to-dubai\/","url_meta":{"origin":557676,"position":4},"title":"Flat6Labs hits first close on USD 20 mn Jordan fund + Egypt\u2019s Odiggo expands to Dubai","author":"enterpriseam admin","date":"16 June 2021","format":false,"excerpt":"Cairo-headquartered startup accelerator Flat6Labs has reached a USD 7.4 mn first close on a USD 20 mn seed fund targeting companies in Jordan. The Jordan Seed Fund will invest in early-stage startups in ICT, software solutions, education, healthcare, digital content, manufacturing, renewable energy, agriculture, big data, and fintech, according to\u2026","rel":"","context":"In "SPEED ROUND: INVESTMENT WATCH"","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/511.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545562,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/04\/mental-health-startup-o7-therapy-raises-usd-2-1-mn-seed-round-flat6-launches-new-saudi-fund\/","url_meta":{"origin":557676,"position":5},"title":"Mental health startup O7 Therapy raises USD 2.1 mn seed round + Flat6 launches new Saudi fund","author":"enterpriseam admin","date":"4 April 2022","format":false,"excerpt":"Egyptian online mental health startup O7 Therapy has raised a USD 2.1 mn seed round in what the startup says is the largest seed round for a mental health startup in the Middle East, the company announced in a press release (pdf). The round was led by UK-based VC Hikma\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/110.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557676"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557676\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557677"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557676"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557676"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}