Reorganization of Flat6Labs under the newly formed F6 Group, incorporating a separate venture capital arm named F6 Ventures.
In a significant move, F6 Ventures, a dedicated seed-stage investment firm, has emerged as the venture capital arm of the rebranded F6 Group. The restructuring of Flat6Labs, a well-known accelerator program, has led to the creation of this new entity, aimed at providing targeted support to early-stage startups in emerging markets, particularly across the Middle East and Africa.
Based in Cairo, Egypt, F6 Ventures is poised to make a significant impact in the startup ecosystem. With a focus on seed-stage investments, the firm currently manages over $90 million in assets and aims to grow this to $200 million within the next five years, investing in over 200 startups.
The leadership of F6 Ventures includes regional partners Eyad Albayouk, Ryaan Sharif, Rasha Manna, Walid Triki, and Christine Namara. The firm is managed by Dina el-Shenoufy and Ramez El-Serafy. F6 Ventures operates from headquarters in Cairo and has offices in various locations, including Riyadh, Abu Dhabi, Amman, Tunis, Nairobi, and more.
Flat6Labs, on the other hand, continues to operate as a standalone brand under a new CEO, Yehia Houry. The organisation will now focus on providing support to founders and innovation programs across emerging markets.
The rebranding of Flat6Labs to F6 Group is a strategic move aimed at bridging the startup funding gap in the region. F6 Ventures, with its dedicated seed capital deployment, is a key component of this strategy.
F6 Ventures' mission is to address the decline in early-stage funding in the MENA region by providing capital and sharper execution support to help startups scale from idea to impact. The firm operates in multiple cities, including Cairo, Riyadh, Abu Dhabi, Amman, Tunis, and Nairobi.
Hany Al Sonbaty, the founder and Chairman of F6 Group, spearheads this ambitious venture. With a track record of launching successful startups, including Hawaya, which was acquired by Match Group in 2019, F6 Ventures is well-positioned to make a significant impact in the startup ecosystem.
In addition to its operations in the Middle East and Africa, F6 Ventures plans to expand across multiple regions, including the GCC and the Levant. This expansion is expected to further strengthen the firm's position as a leading player in the venture capital space, particularly in the seed stage.
With decades of combined experience in venture capital and entrepreneurship, the leadership of F6 Ventures brings a wealth of knowledge and expertise to the table. This, coupled with its focus on addressing funding gaps at the pre-seed and seed stages, makes F6 Ventures a formidable force in the startup ecosystem.
In conclusion, the rebranding of Flat6Labs to F6 Group and the creation of F6 Ventures marks a significant moment in the venture capital landscape. With its focus on seed-stage investments, ambitious growth plans, and a strong leadership team, F6 Ventures is poised to make a significant impact in the startup ecosystem, particularly in the Middle East and Africa.
Investing in over 200 startups across the Middle East and Africa, F6 Ventures, a business entity created from the rebranding of Flat6Labs, aims to grow its asset management from $90 million to $200 million within five years.
A key part of the F6 Group's strategy to bridge the startup funding gap in the region, F6 Ventures operates with a mission to provide capital and sharper execution support to early-stage startups, helping them scale from idea to impact.
