Startup Seed Fund - Flat6Labs

ACCELERATING THE FUTURE

KSA | Seed Programs

Startup Seed Fund

image

The “Startup Seed Fund" adopts a highly diversified systematic investment plan that aims to reduce the risks faced by VCs along with the administrative and legal costs faced by startups at early stages. The fund is also designed to provide support and investment in Saudi startups, provide various ways to support innovation, and create space for pioneering Saudi youth to develop their technology startups and expand their scope in the region.
With a fund size of USD 150 Million SAR, Startups Seed Fund is investing in up to 20+ early-stage startups, during its 3 years investment period. Flat6Labs Riyadh will provide seed capital to 8-10 startups per cycle, with each company receiving up to SAR 750K in cash seed funding for a maximum of 10% equity upon joining the program. Upon completion of the Flat6Labs Riyadh Seed Program, graduate companies with the strongest potential, and those that have secured investments from third parties, are eligible for a follow-on funding ticket of up to 1.5 million SAR.
The fund aims to develop the capacity of more than 180 entrepreneurs, create more than 6,000 jobs in the private sector of KSA, and enable Saudi companies to expand in the region through the Flat6Labs regional offices. It will contribute to completing the structural transformation process that KSA aspires to by increasing the digital economy’s share of GDP and enhancing the contribution of the non-oil private sector.

Affiliated Programs image
Startup Seed Fund

Investors

image
Saudi Venture Capital Company (SVC)

Saudi Venture Capital Company (SVC) is a Government VC established in 2018 by Monshaat as part of the Financial Sector Development Program (FSDP) to stimulate venture investments by investing in funds as well as co-investing with angel groups for the primary goal of minimizing financing gaps for startups and SMEs by investing SAR 2.8 Billion ($750 Million).

know more

image
Minnha

Join Minnha and crowdfund your future.

know more
image
BALLURH

A Plug and Play Business Intelligence SaaS for the F&B Retail.

know more
image
Bynow

Buy now pay later for B2B.

know more
image
Baeynh

Virtual legal services and consultation platform.

know more
image
زامن | Zamn

Modern eLearning Management System.

know more
image
HORIZOONX

A B2B marketplace platform for building, operating, and growing F&B businesses.

know more
image
Ygii

Giving the perfect gift is now fast, easy, and enjoyable!

know more
image
The Architect

End-To-End interior work solution for home owners to create the spaces they always wanted.

know more