{"id":601460,"date":"2019-02-28T03:38:47","date_gmt":"2019-02-28T03:38:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/"},"modified":"2019-02-28T03:38:47","modified_gmt":"2019-02-28T03:38:47","slug":"flat6labs-to-triple-investment-fund-capital-by-2q2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/","title":{"rendered":"Flat6Labs to triple investment fund capital by 2Q2019"},"content":{"rendered":"

Cairo-based incubator Flat6Labs plans to triple the capitalization of its investment fund to EGP 150 mn during 2Q2019, according to statements from Chief Investment Officer Dina El-Shenoufy reported by the local press<\/a><\/u>. This will involve increasing its capital by a further EGP 100 mn. The startup accelerator is also aiming to graduate eight startups from its incubation program this June, and 16-18 startups by the end of the year. El Shenoufy also said that the company is aspiring to increase its investments in each startup to EGP 500-750k from EGP 350k.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cairo-based incubator Flat6Labs plans to triple the capitalization of its investment fund to EGP 150 mn during 2Q2019, according to statements from Chief Investment Officer Dina El-Shenoufy reported by the local press. This will involve increasing its capital by a further EGP 100 mn. The startup accelerator is also aiming to graduate eight startups from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9298],"tags":[2372,72,697,125,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601460","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-flat6labs","tag-investment-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"8aa25348-2ffb-4b1e-8227-3086c1ebf514","is_powered_by":true,"section_story_id":"64f1ee16-4261-4857-9507-6ab862adb1cf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601432],"teaser":"","voice_url":""},"yoast_head":"\nFlat6Labs to triple investment fund capital by 2Q2019 - 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\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flat6Labs to triple investment fund capital by 2Q2019\" \/>\n<meta property=\"og:description\" content=\"Cairo-based incubator Flat6Labs plans to triple the capitalization of its investment fund to EGP 150 mn during 2Q2019, according to statements from Chief Investment Officer Dina El-Shenoufy reported by the local press. This will involve increasing its capital by a further EGP 100 mn. The startup accelerator is also aiming to graduate eight startups from […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-28T03:38:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Flat6Labs to triple investment fund capital by 2Q2019\",\"datePublished\":\"2019-02-28T03:38:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Flat6Labs\",\"investment watch\",\"startups\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/\",\"name\":\"Flat6Labs to triple investment fund capital by 2Q2019 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-02-28T03:38:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Flat6Labs to triple investment fund capital by 2Q2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Flat6Labs to triple investment fund capital by 2Q2019 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/","og_locale":"en_US","og_type":"article","og_title":"Flat6Labs to triple investment fund capital by 2Q2019","og_description":"Cairo-based incubator Flat6Labs plans to triple the capitalization of its investment fund to EGP 150 mn during 2Q2019, according to statements from Chief Investment Officer Dina El-Shenoufy reported by the local press. This will involve increasing its capital by a further EGP 100 mn. The startup accelerator is also aiming to graduate eight startups from […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-02-28T03:38:47+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Flat6Labs to triple investment fund capital by 2Q2019","datePublished":"2019-02-28T03:38:47+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/"},"wordCount":100,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","EnterpriseAM","Flat6Labs","investment watch","startups"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/","name":"Flat6Labs to triple investment fund capital by 2Q2019 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-02-28T03:38:47+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Flat6Labs to triple investment fund capital by 2Q2019"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":572578,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/flat6labs-cairo-to-triple-capital-to-egp-150-mn-invest-in-fintech-startups\/","url_meta":{"origin":601460,"position":0},"title":"Flat6Labs Cairo to triple capital to EGP 150 mn, invest in fintech startups","author":"enterpriseam admin","date":"30 June 2020","format":false,"excerpt":"STARTUP WATCH- Flat6Labs Cairo to triple capital to EGP 150 mn, has appetite for fintech: Flat6Labs Cairo, sub-fund of regional tech accelerator Flat6Labs, is in the process of raising its capital to over EGP 150 mn, from an original EGP 50 mn, through a private placement that will close today,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633930,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/23\/flat6labs-plans-to-launch-new-usd-85-mn-fund\/","url_meta":{"origin":601460,"position":1},"title":"Flat6Labs plans to launch new USD 85 mn fund","author":"enterpriseam admin","date":"23 July 2024","format":false,"excerpt":"The fund will focus on Egypt and Tunisia, as well as other African markets","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\/2024\/7\/1768.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581442,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/14\/flat6labs-saudi-seed-fund-reaches-first-close-mobilemasr-raises-usd-500k-seed-round\/","url_meta":{"origin":601460,"position":2},"title":"Flat6Labs\u2019 Saudi Seed Fund reaches first close + MobileMasr raises USD 500k seed round","author":"enterpriseam admin","date":"14 February 2023","format":false,"excerpt":"The fund \u201cwill adopt a highly diversified, systematic investment plan","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\/2023\/2\/Flat6Labs-Startup-Seed-Fund-First-Close-1600px.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557676,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/flat6labs-raised-usd-7-mn-in-second-close-for-tunisia-fund\/","url_meta":{"origin":601460,"position":3},"title":"Flat6Labs raised USD 7 mn in second close for Tunisia fund","author":"enterpriseam admin","date":"28 September 2021","format":false,"excerpt":"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\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\/2021\/9\/377.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670469,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/20\/flat6labs-unlocks-new-chapter-with-launch-of-its-venture-capital-arm\/","url_meta":{"origin":601460,"position":4},"title":"Flat6Labs unlocks new chapter with launch of its venture capital arm","author":"enterpriseam admin","date":"20 August 2025","format":false,"excerpt":"The new investment arm will manage six funds with over USD 90 mn in AUM","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\/2025\/8\/1231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566016,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/flat6labs-egypt-fund-more-than-quadruples-to-egp-207-mn\/","url_meta":{"origin":601460,"position":5},"title":"Flat6Labs\u2019 Egypt fund more than quadruples to EGP 207 mn","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"Flat6Labs has completed the second close of its Egypt-focused Flat6Labs Accelerator Company (FAC), raising the fund size to EGP 207 mn from EGP 50 mn, according to a press release (pdf). 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601460","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=601460"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601460\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601432"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601460"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601460"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}