• Flat6Labs becomes F6 Group, combining accelerator and new VC arm F6 Ventures.
• F6 Ventures manages $90M, aims for $200M and 200+ investments in 5 years.
• Responds to early-stage funding drop in MENA, down to $1.9B in 2024.

After more than a decade of supporting startups across the Middle East and Africa, Flat6Labs announced on Tuesday, August 5, that it is reorganizing into a new structure called F6 Group. The new entity will combine its flagship accelerator, Flat6Labs, with F6 Ventures, a new venture capital firm focused on seed-stage investments. This reorganization aims to provide more targeted support to early-stage ventures in emerging markets.

"F6 Ventures marks a new era in our journey, bringing focused capital and sharper execution to support the region’s boldest founders," said Dina el-Shenoufy, co-founder and General Partner at F6 Ventures. "We are extending our commitment to early-stage startups to help them scale from idea to impact."

According to a press release, F6 Ventures specializes in seed funding and currently manages over $90 million in assets with a portfolio of more than 300 startups. Flat6Labs will continue to operate as a leading acceleration platform. The F6 Group plans to launch several regional funds to grow its assets under management to $200 million and invest in more than 200 companies over the next five years.

This initiative comes as entrepreneurial ecosystems in Africa and the Arab world face a significant lack of early-stage funding. In the Middle East and North Africa, venture capital financing has slowed significantly over the past two years due to high interest rates. Fundraising in the region peaked at $3.6 billion in 2022 before dropping to $1.9 billion in 2024, reflecting the impact of global monetary policies on capital availability.

By combining capital and support under one umbrella, F6 Group aims to close this funding gap. The goal is to build a platform that can catalyze innovation through integrated support from pre-seed to regional expansion. This initiative could help emerging ecosystems by nurturing competitive tech companies, creating skilled jobs, and strengthening digital sovereignty in the regions.

Samira Njoya