Flat6Labs is a Mena-focused Seed and early-stage venture capital firm that manages a number of Seed funds with a total capital worth $85 million. Press release:Flat6Labs, MENA’s leading seed investor, has announced the launch of a new $95 million Seed Fund to nurture the growth and development of early-stage tech startups on the African continent. Headquartered in Egypt, the Africa Seed Fund (ASF) will focus on three main investment territories in Africa: North Africa, West Africa, and East Africa. Ramez El-Serafy, General Partner for ASF, says, “We are extremely excited about the launch of the Africa Seed Fund. With the Africa Seed Fund, Flat6Labs will be investing in 160 companies that are in Pre-Seed up to Pre-Series A stage, with tickets ranging from $150,000-$500,000 through the Flat6Labs’ Africa Seed Program and will also be providing seed tickets to seasoned founders independently of the program.

Source: The North Africa Journal March 14, 2023 20:56 UTC