{"id":622570,"date":"2018-10-04T04:23:40","date_gmt":"2018-10-04T04:23:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/"},"modified":"2018-10-04T04:23:40","modified_gmt":"2018-10-04T04:23:40","slug":"flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/","title":{"rendered":"Flat6Labs raises seed capital to EGP 750k in its 11th cycle"},"content":{"rendered":"<p><strong>Our friends at Flat6Labs are reportedly planning to increase the size of their seed funding packages to EGP 750k per startup from EGP 500k,<\/strong> sources close to the matter <a href=\"https:\/\/alborsaanews.com\/2018\/10\/03\/1138272\">said yesterday<\/a>. The company\u2019s 11th cycle began <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/27\/incubator-flat6labs-takes-on-eight-startups-in-its-11th-cycle\/\">late last month<\/a> and includes eight new companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our friends at Flat6Labs are reportedly planning to increase the size of their seed funding packages to EGP 750k per startup from EGP 500k, sources close to the matter said yesterday. The company\u2019s 11th cycle began late last month and includes eight new companies.<\/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":[9257],"tags":[72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622570","post","type-post","status-publish","format-standard","hentry","category-on-your-way-out","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"7bfcd532-091e-404a-95a5-cc78e21bfa0d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[622537],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Flat6Labs raises seed capital to EGP 750k in its 11th cycle - 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\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flat6Labs raises seed capital to EGP 750k in its 11th cycle\" \/>\n<meta property=\"og:description\" content=\"Our friends at Flat6Labs are reportedly planning to increase the size of their seed funding packages to EGP 750k per startup from EGP 500k, sources close to the matter said yesterday. The company\u2019s 11th cycle began late last month and includes eight new companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-04T04:23:40+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\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Flat6Labs raises seed capital to EGP 750k in its 11th cycle\",\"datePublished\":\"2018-10-04T04:23:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\"},\"wordCount\":58,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\"],\"articleSection\":[\"ON YOUR WAY OUT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\",\"name\":\"Flat6Labs raises seed capital to EGP 750k in its 11th cycle - 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This will involve increasing its capital by a further EGP 100 mn. The startup accelerator is also aiming\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625153,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/incubator-flat6labs-takes-on-eight-startups-in-its-11th-cycle\/","url_meta":{"origin":622570,"position":2},"title":"Incubator Flat6Labs takes on eight startups in its 11th cycle","author":"enterpriseam admin","date":"27 September 2018","format":false,"excerpt":"Cairo-based regional tech incubator Flat6Labs has taken on eight startups for its 11th cycle, including Sana3ly, The Meal Kit and Medicobot, an official said. The eight online and digital-solution startups will graduate from Flat6Labs\u2019 four-month cycle in December.","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645131,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/flat6labs-has-made-its-first-closing-on-its-egp-100-mn-fund\/","url_meta":{"origin":622570,"position":3},"title":"Flat6Labs has made its first closing on its EGP 100 mn fund","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"Flat6Labs has made its first closing on its EGP 100 mn Flat6Labs Accelerator Company (FAC) fund, which will allow it to accelerate more than 100 Egyptian early stage startups over the next five years, the company said in a statement. The fund will provide each startup with EGP 1 mn\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":637735,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/fawry-nets-usd-20-mn-in-funding-flat6labs-to-manage-egp-47-mn-startup-initiative-for-uk-embassy-and-ifc\/","url_meta":{"origin":622570,"position":4},"title":"Fawry nets USD 20 mn in funding, Flat6Labs to manage EGP 47 mn startup initiative for UK embassy and IFC","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"E-payments firm Fawry has locked down USD 20 mn in funding from a \u201cforeign investment fund,\u201d said CEO Ashraf Sabry, according to Daily News Egypt. Sabry did not disclose when the funding was closed or who was investing. 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