Egypt’s Flat6Labs unveils 9 tech startups at latest demo day
Flat6Labs, a Cairo-based accelerator program that provides companies with access to funding, mentorship, and other benefits, has introduced nine startups at its most recent demo day.
The Flat6Labs Cairo programme, which was launched in 2011 as the first office of the Flat6Labs MENA regional startup accelerator, provides startups with cash funding of up to EGP1.5 million (US$95,000) in exchange for up to 10% equity. The program also includes training and coaching sessions, numerous networking opportunities, perks and services, and legal support.
Edupay, which aims to simplify transactions and interactions in education; Elmawkaa, a B2B e-commerce app that helps contractors connect seamlessly with suppliers; Kokens, a “kitchen-as-a-service” platform that transforms online food recipes into a menu available to everyone; and PacknSave, an e-commerce store for bulk grocery buying, are among the nine graduate startups from the 17th cycle of the Cairo Seed Programme.
Qubx, an on-demand 3D radiological service provider; Venu, a modern tech solution to improve users’ restaurant experiences; Zatona Eats, an all-in-one meal planning and ordering app; Zr3i, which provides crop monitoring, management, and farm-to-fork product traceability services; and Waseya, an online will-maker, round out the list.
“Our current fund size enables us to provide a more appropriate investment to our startups at this time, assisting them in attracting the right talent and surviving longer.” Flat6Labs Egypt now offers seed tickets worth up to EGP 1.5 million, with follow-on funding tickets worth up to EGP 3 million available to select startups,” said Marie Therese Fam, managing partner of Flat6Labs Egypt.
