Flat6Labs Celebrates Its Third Demo Day in Riyadh Riyadh, KSA

Riyadh, Saudi Arabia
September 10, 2024

Flat6Labs, the MENA region’s leading seed and early-stage venture capital firm, hosted its Third Demo Day for its Riyadh Seed Program, featuring 10 Saudi startups operating in various tech-enabled sectors, including e-Commerce, PropTech, FinTech, SMB SaaS, AutoTech, SpaceTech and Enterprise. The portfolio companies showcased their innovative products and solutions with high growth potential to an audience of more than 350 attendees, including investors, government personnel, influencers, mentors, and key ecosystem players.

Flat6Labs’ Riyadh Seed Program is funded by the “Startup Seed Fund” in Saudi Arabia. The Startup Seed Fund LP (“the fund”) was established to provide investors with capital gains through investments in early-stage startups in Saudi Arabia, following a highly diversified and structured investment strategy.

The fund’s target size is SAR 105 million ($28 million) to acquire selective equity stakes in  early-stage startups operating in technology and innovation sectors within the Kingdom of Saudi Arabia.

The 10 innovative portfolio startups who pitched at Flat6Labs’ Third Demo Day are:

ClymbAI
AI enabled field force automation products built for sales and delivery teams in CPG companies.

Fahis – فاحص
An online platform that specializes in pre-purchase inspections of used cars based on international standards and advanced technological systems. It provides this service on the customer’s behalf in various regions of Saudi Arabia.

Holoul – حلول
A digital mortgage platform that focuses on serving Saudi citizens by facilitating and improving homeownership. 

Moneyloop – موني لوب
A fintech platform that enables microloans for the employees of SMEs. MoneyLoop employs the Jamaih model to facilitate these micro-loans, leveraging community savings pools. MoneyLoop is licensed by the Saudi Central Bank (SAMA) under the sandbox.

Phys – فز
When the screen time limit is reached, Phys locks the child’s devices. Instead of the usual boring timers found in parental control apps, Phys immerses children in a world of thrilling augmented reality games without the need for additional hardware.

SARsatX
SARsatX offers satellite imagery data and analytics using machine learning models to serve the environment, agriculture, energy, and mining sectors.

TashleehPro – تشليح برو
A marketplace that connects end users with various vendors of used spare parts across the country, offering affordable, quick, and compatible salvage parts solutions backed by real-time data to meet client needs.

Wateer – وتير  
WATEER an innovator in the field of financial technology. By providing real-time digital receipts, with a simple and easy service that is suitable for traditional shops. 

We seek leadership in digital receipts and transaction management with a focus on innovation and sustainability.

Wazen – وازن
Wazen is the operating system for businesses. One platform includes ERP, CRM, HR, POS, and SoftPOS. It operates as a SaaS solution and is fully integrated with banks to facilitate auto reconciliations and initiate all payments and payrolls.

Yamm – يمّ
Yamm is committed to transforming the refund and return process using advanced technologies to make it quicker, clearer, and more efficient, thereby boosting merchant customer confidence and loyalty.

To contact the founders of cycle 3 of the Riyadh Seed Program click here