Amman, Jordon: As part of the second cycle of its funding program, which was introduced last June, Flat6Labs—the top seed- and early-stage venture capital company in the MENA region and currently managing the most renowned startup programs in the region—has recently announced that it is investing in seven new Jordanian startups on 3rd July 2022.
Through the Jordan Seed Fund (JSF), a USD 20 million fund established in 2021 with a 5-year investment horizon, Flat6Labs supports the growth and development of 90 early-stage entrepreneurs. The Innovative Startups and SMEs Fund (ISSF), Beyond Capital, Bank Al Etihad, and GMS Ventures & Investments are the program’s sponsors.
The goal of Flat6Labs is to assist entrepreneurs and new businesses as they strive to compete on both a local and international level by funding startups throughout the MENA region, including in Jordan. The venture capital firm focuses on knowledge- and innovation-driven startups, such as media, entertainment, education, healthcare, hardware, electronics, manufacturing, renewable energy, and agriculture. It also invests in big data and analytics startups, fintech, manufacturing, and other knowledge-based industries.
Each chosen firm in the current cycle will get a USD 115,000 investment from Flat6Labs. These entrepreneurs will receive a four-month acceleration program from Flat6Labs that consists of various workshops and coaching sessions covering all facets of business development. Along with the potential to obtain follow-on funding of up to USD $170,000, Flat6Labs will also provide the participating entrepreneur’s workspaces, marketing, and legal assistance, and the chance to access the company’s regional network of partners and investors.
What Flat6labs has to say:
Rasha Manna, General Manager of Flat6Labs Jordan:
“At Flat6Labs, we are incredibly pleased with what we have accomplished since starting a business in Jordan. Five Jordanian startups received our investment during the program’s inaugural cycle. Due to the popularity and increased visibility of our program as a consequence of the first cycle’s success, we were able to boost our investment levels. Our ultimate goal is to positively influence Jordan’s economy and society as a whole through connections with and support for local business owners—by generating new employment opportunities and assisting in the development of success tales that will further inspire local business owners to pursue their ideas.
About Flat6labs:
The most known startup programs in the MENA region are currently being operated by Flat6Labs, the region’s top seed, and early-stage venture capital business. Every year, Flat6Labs invests in over 100 cutting-edge, tech-focused firms, empowering thousands of motivated entrepreneurs to realize their audacious goals and eventually become their institutional co-founders.
AUM for the seed funds managed by Flat6Labs exceeds USD 85 million. More than 25 prestigious institutions have made investments in the managed funds run by Flat6Labs because they respect the asset class and are confident in the company’s track record as the market leader. With investment ticket sizes ranging from USD 50K to 500K, Flat6Labs supports entrepreneurs at every step of their development, from Pre-Seed to Pre-Series A. In addition to the investments, Flat6Labs’ outstanding startup programs, designed to meet the needs of the creative entrepreneurs specifically, aid in accelerating their growth by offering them a wide range of support services and connecting them to unrivaled opportunities through an extensive network made up of hundreds of business mentors, investors, and corporates.
Since its founding in 2011 and its headquarters in Cairo, Flat6Labs has opened several offices in the area and has continued intentions to do so in additional rising markets.
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