Flat6Labs, MENA’s leading seed and early-stage venture capital firm, recently announced the first cohort in its Riyadh Seed Program. The four-month program aims to help startups build their products, test the market, improve their business models, and pitch to external investors.
The seed program is part of a bigger investment agreement between Flat6Labs and Saudi Venture Capital (SVC) that was finalized last year. SVC, which launched new ‘Investment in Fintech VC Funds’ product at the Financial Sector Conference last week, is one of the most prominent investment firms in KSA developing venture capital and private equity ecosystems to fund startups and SMEs. The agreement introduced the Startup Seed Fund, which aims to support the growth of startups and annually provide over 20 Saudi startups with financing over three years.
Flat6Labs’ first cohort for the Riyadh Seed Program includes the following 10 startups:
This e-commerce wishlist application makes gift-giving easier by simplifying social commerce and making sure people get the gifts they want while the gift-givers manage to stay on budget.
A B2B platform for building and managing F&B businesses, providing a seamless operational experience by digitizing services deemed essential to run, maintain and improve F&B businesses.
A student benefits application where users access discounts on food, coffee, fitness, electronics, and more through their digital student IDs.
A Contech platform integrating technolgoy into the construction sector by providing a marketplace where homeowners and small businesses can design, build, finish, and renovate their spaces through service provider matchmaking as well as guidance and technical support.
This SaaS Martech platform provides business intelligence solutions for retailers to enhance their decision-making, increase their revenue, and improve customer satisfaction.
A platform enabling students to directly apply to educational institutions and start campaigns to crowdfund and pay for their tuition.
This fintech startup provides innovative B2B payment solutions–including BNPL–to marketplaces, manufacturers, wholesalers, and SMEs.
An Edutech platform that allows users to build websites, sell courses and digital products, and host communities.
A legal consultation marketplace that connects clients with certified lawyers and legal advisors through its application.
This social planner allows users to create plans for outings and hangouts and manage all the logistics–including the locations, the guests, and the expenses–through its application.
First published on Termsheet, a newsletter with commentary on startups and venture capital in emerging…
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