Flat6Labs EGP75 million Egypt-focused venture capital seed fund

Sara Hinton’s team advised Flat6Labs on the launch of its EGP75 million (US$4 million) Egypt-focused venture capital seed fund. The International Finance Corporation and the Social Fund for Development (SFD) are the lead investors. Flat6Labs, which has headquarters in Cairo, Jeddah and Abu Dhabi and has been advised by Sara Hinton since its conceptualisation, is a regional startup accelerator programme that has invested in 54 companies to date. Its new fund will see IFC provide up to US$2 million in equity financing to Flat6Labs Cairo, which will invest in about 100 Egyptian tech startups and support more than 300 entrepreneurs over the next five years.