Eight Egyptian startups graduate from 16th Flat6Labs Cairo Seed Programme

EGYPTEight Egyptian startups have graduated from Flat6Labs Cairo Seed Programme’s 16th cycle, which comes after over 230 hours of online business training to help them grow their customer base, refine their offerings, expand to new markets and build strategic partnerships.

Flat6Labs’ seed programme in Cairo provides a steady pipeline of 18 to 20 new promising startups to the local VC market every year. In fact, the eight graduating startups have been filtered from around 1000 applications coming from all over Egypt

“As the startup ecosystem in Egypt continues to mature, the number of applications for our seed programme has been increasing cycle on cycle,” said Albert Malaty, managing director of Flat6Labs Cairo Seed Programme.

“But it’s not just the number of applications, we are also witnessing a rise in the quality of the pipeline and startups applying and joining our programme.”

Each startup has received a seed investment starting from EGP500,000 (US$31,890) and up to EGP750,000 (US$47,830) in cash funding in exchange for up to 10 per cent equity.

We have recently completed the second close of our EGP207 million (US$13.20m) Egypt-based fund, having received massive support from all our anchor investors,” said Marie Therese Fam, managing partner of Flat6Labs Egypt.

The current fund size allows us to provide a more suitable investment to our startups at the current turbulent times, helping them attract the right talents, acquire more customers, and survive longer.”

“The current fund size allows us to provide a more suitable investment to our startups at the current turbulent times.”

Marie Therese Fam – Managing Partner, Flat6Labs Egypt

The Eight startups include CreditFins, Inc. which is the first tech-enabled credit card management platform to assist consumers assess and improve their spending, dKilo which is a startup that places digital adverts on moving cars that are controlled remotely.

The Deli Llamas, a food-tech firm, designed “School Lunchies,” a flagship brand of kid-specific lunch dishes, to encourage balanced nutrition, autonomy, and a fun experience, The Baby Garage which is a shopping advisory marketplace for children’s items and services, in addition to its 360-degree parent assistance platform.

Egypt’s first online platform for suppliers to list their products and services is this B2B wholesaler lead generation platform, The ELSupplier; Intixel, a health-tech business founded in September 2018, provides image-analytics engines to medical imaging companies.

Lumiere, the go-to destination for affordable luxury and Nureab, the region’s leading manufacturer of rehabilitation robots, provides revolutionary motor therapy equipment to speed up patients’ recovery periods and outcomes, making the recovery process for patients with mobility problems easier.

Flat6Labs’ Spring 2021 Cycle started in Cairo on March 14th, 2021, to help build the following eight resilient startups that have developed products and services across multiple sectors including healthtech, supplies and logistics, eCommerce, food and beverage, fintech and advertising.

Over the past four months, the teams of the aforementioned startups have received intensive training on topics ranging from Financial Modeling, Business Modeling, Growth Hacking, Storytelling for Business, and Technology Pitfalls, to Pricing, How to be Investor Ready, Product UX/UI, and Strategic Partnerships.

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