Flat6Labs, an Egyptian-based startup accelerator, has announced the formation of F6 Group, a new structure that consolidates its accelerator programs and introduces a venture capital arm, F6 Ventures. This strategic move signals a heightened focus on early-stage funding across the Middle East and Africa (MEA) region. F6 Ventures will manage six funds with over $90 million in assets under management (AUM) and aims to expand this figure to $200 million within five years.
The firm plans to support over 200 startups, primarily at the pre-seed and seed stages. Co-founded by Dina el-Shenoufy and Ramez El-Serafy, the new entity leverages Flat6Labs’ legacy, which includes supporting more than 300 startups to date. El-Shenoufy will serve as CEO of F6 Group and General Partner at F6 Ventures.
F6 Ventures $90 million fund launch
Commenting on the launch, el-Shenoufy expressed optimism about the new venture: “F6 Ventures marks a new era in our journey, bringing focused capital and sharper execution to support the region’s boldest founders.”
F6 Ventures is headquartered in Cairo, with additional offices in Riyadh, Abu Dhabi, Amman, Tunis, and Nairobi. The leadership team includes regional partners Eyad Albayouk, Ryaan Sharif, Rasha Manna, Walid Triki, and Christine Namara, all of whom bring extensive experience in venture capital and ecosystem building across the MEA region.
Flat6Labs will continue its role as the startup support arm within the F6 Group, under the leadership of newly appointed CEO Yehia Houry. The brand will remain active in several markets, with a renewed focus on ecosystem development and program delivery. Hany Al Sonbaty, co-founder of Flat6Labs, will serve as Chairman of F6 Group.
The restructured F6 Group aims to offer startups both capital and hands-on support, addressing a significant gap faced by many founders in emerging markets.
