AMMAN — Flat6Labs, the region’s leading seed-
and early-stage venture capital firm, is investing in seven new Jordanian
startups, as part of the second cycle of its funding program, which was
launched last June, the firm said in a statement.
اضافة اعلان
It said Flat6Labs has been running the most renowned
startup programs in the
MENA region.
By funding
startups across MENA, including Jordan,
Flat6Labs “aims to support
entrepreneurs and new businesses as they work to compete on both a local and
global scale.”
“The venture capital firm specifically targets startups
in innovation-based and knowledge-driven sectors, such as information and
communication technologies, software solutions, education, healthcare, digital
content and games, hardware, electronics, manufacturing solutions, renewable
energy, agricultural solutions, big data and analytics, fintech and payment
solutions, media, and entertainment,” the statement said.
Flat6Labs will be providing each selected startup in
the current cycle with an investment of $115,000.
The statement said Flat6Labs will also provide the
startups with a four-month acceleration program that includes a variety of
workshops and mentoring sessions designed to cover all aspects of business
development.
Additionally, Flat6Labs will provide the
participating startups with workspaces, marketing and legal support, and the
opportunity to benefit from the firm’s regional network of partners and
investors—along with the possibility to receive follow-on funding of up to
$170,000.
Commenting on the firm’s latest program cycle, Rasha
Al-Manna, General Manager of
Flat6Labs Jordan, said: “At Flat6Labs, we are
immensely proud of what we have achieved since the commencement of our
operations in Jordan.”
By funding startups, Flat6Labs “aims to support entrepreneurs and new businesses as they work to compete on both a local and global scale.”
“In the first cycle of the program, we invested in
five Jordanian startups,” she said. “The success of that inaugural cycle has
resulted in an increase in demand and visibility for our program, allowing us
to expand our investments in the second cycle.”
Ultimately, by connecting with and supporting local
entrepreneurs, “it is our objective to have a positive impact on Jordan’s
economy and society as a whole— by creating new job opportunities and helping
develop success stories that will further encourage local entrepreneurs to
pursue their ideas,” according to Manna.
The statement said the list of companies in the
second cycle includes:
Arab Therapy, a platform that specializes in
providing high-quality mental health services and counseling through
psychotherapy sessions carried out by a group of highly qualified specialists;
BloomIt, a Try Before You Buy software that
integrates with e-commerce storefronts in MENA. Bloom automates returns instead
of the typical manual process while giving merchants full control over returns,
mimicking the in-store experience;
Khareta, a data driven real-estate marketplace that
helps both buyers and sellers complete the transaction faster and with more
confidence;
QuiqClaim, a FinTech peer-to-peer settlement and
investments platform, catering to the Medical Insurance industry;
iPass, a one-stop shop for worldwide identity
verification solutions utilizing a deep pixel biometric fraud detection tools
and a user friendly experience supported in 50+ languages;
Shop4me, a platform that provides logistics services
by linking companies with suppliers, obtaining various supplies, shopping and
buying online at competitive prices;
Sukoon Awakening, a holistic mindfulness mobile app
in Arabic that provides high-quality recorded audio sessions offering different
transformational tools for mental, emotional, and spiritual health and wellness
prepared and narrated by expert teachers from the Arab world.
Flat6Labs provides startups with funding through the
Jordan Seed Fund (JSF), a $20 million fund launched in 2021, aimed at nurturing
the growth and development of 90 early-stage startups over a 5-year investment
period. The program is funded by the International Finance Corporation (IFC),
the Innovative Startups and SMEs Fund (ISSF), Beyond Capital, Bank Al Etihad,
and GMS Ventures & Investments.
Flat6Labs is the MENA region’s leading seed and
early-stage venture capital firm, currently running the most renowned startup
programs in the region. Annually, Flat6Labs invests in more than 100 innovative
and technology-driven startups enabling thousands of passionate entrepreneurs
to achieve their daring ambitions and ultimately becoming their institutional
co-founders.
Flat6Labs manages a number of seed funds with a
total AUM in excess of $85 million. More than 25 leading institutions have
invested into the Flat6Labs managed funds; believing in the asset class and
Flat6Labs’ proven track record as the market leader. Flat6Labs provides a wide
range of investment ticket sizes ranging from $50,000 to $500,000, supporting
startups through their early journeys from Pre-Seed all the way to Pre-Series A
stages. Alongside to the investments, Flat6Labs’ exceptional startup programs,
executed to cater specifically for the needs of the innovative entrepreneurs,
helps them accelerate their growth by providing them with a plethora of support
services and connecting them to unparalleled opportunities with an expansive
network comprising hundreds of business mentors, investors and corporates.
Launched and headquartered in Cairo since 2011, Flat6Labs
has multiple offices across the region; with ongoing plans to expand into other
emerging markets.
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