Cairo, Egypt —  Flat6Labs Cairo, the leading Startup Accelerator in Egypt, holds its Spring 2020 Demo Day with eight new start-ups graduating from its first cycle of fiscal year 2020.

Flat6Labs Cairo’s Spring 2020 cycle commenced on February 16th in 2020 and welcomed eight promising new teams, filtered from around 1000 applications, who are now excited to launch their businesses to the general public. This cycle has entrepreneurs coming from all across Egypt and the startups are working across various industries, from Home Automation, Health Tech, Logistics, and SaaS, to Artificial Intelligence, on-demand car services, Freelance Marketplace, and Bio materials, offering innovative technological solutions set to disrupt the market.

The eight innovative startups presented their projects online in front of thousands of viewers including local and regional investors, mentors, reputable technology experts, top entrepreneurs, and influencers from the region, and press, who are keen on witnessing the progress of the start-ups and the latest innovations in the region.

Flat6Labs Cairo fosters and invests in bright and passionate Egyptian entrepreneurs with cutting-edge ideas, and supports them by providing access to a vast network of local and international investors, industry experts, partners and corporations. With a fund size of EGP 100m, Flat6Labs Accelerator Company (FAC) aims at investing in up to 100 early-stage startups and 300+ entrepreneurs, during its five years investment period. Every six months, Flat6Labs Cairo provides seed capital to eight to ten new startups, each company receives from EGP 500K to EGP 750K in funding for up to 10% equity. Flat6Labs Cairo has so far groomed and funded 106 startups - including “legacy” startups that have graduated from the program since its launch in 2011.

Ramez El-Serafy, Flat6Labs CEO says “We’re extremely happy to be graduating this latest batch of 8 startups and cannot wait to see how they’ll continue to scale their businesses to a new level post Demo Day”.

Marie-Therese Fam, Flat6Labs Cairo Managing Partner, says “Our startups have been extremely resilient through a cycle that overlapped with COVID-19. They have developed and adapted their solutions to the pandemic. Personally, I am extremely proud of them.”

The eight  graduating startups that are showcasing their technologies and business ideas at Flat6Labs Cairo Spring 2020 Demo Day include:

  • 3atlana: a mobile application that offers car services on the go and connects users to trusted service providers.
  • Bosla: a voice analytics software that analyses human behavior.
  • CreditGo: a payment aggregator for Small Businesses.
  • Inploy: an online marketplace that connects businesses to premium freelance talent & SME's.
  • Mycelium: transforming agriculture waste into new material that replaces plastic and synthetic wood.
  • Opio: a digital Women's fashion brand.
  • Tayar: Fleet Management SaaS powered by AI to automate and optimize home delivery operations for businesses.
  • Wedel: an on demand shipping and delivery hailing mobile application.


About Flat6Labs Cairo

Flat6Labs Cairo fosters and invests in bright and passionate Egyptian entrepreneurs with cutting-edge ideas. Launched in 2011 as the first Flat6Labs office in the MENA region, Flat6Labs Cairo supports and encourages entrepreneurs throughout the critical first steps of development. Each cycle,  8-10 promising teams are selected to join the Flat6Labs Cairo program. Once selected, these teams are put on the right track to become full-fledged scalable startups. Each team is provided with cash funding (EGP 500,000 – EGP 750,000 ) and select startups are provided with follow-on funding (up to EGP2m), strategic mentorship, office-space, a multitude of perks and services from various partners ($300,000+), as well as entrepreneurship-focused business training and workshops.

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About Flat6Labs

Flat6Labs is a regional startup accelerator program and seed investment company that fosters and invests in bright and passionate entrepreneurs with cutting-edge ideas. It provides seed funding, strategic mentorship, a creative workspace, a multitude of perks and entrepreneurship focused business training. In addition, it directly supports startups through an expansive network of partner entities, mentors and investors. Flat6Labs, alongside its notable investors- the International Finance Corporation, MSME Development Agency, Egyptian American Enterprise Fund, and Egypt Ventures; has created an environment where entrepreneurs can advance their company at an incredible pace and in a short period of time. Flat6Labs currently has accelerator programs and seed funds in Cairo, Jeddah, Abu Dhabi, Beirut, Tunis and Bahrain.

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