Flat6Labs invests in seven Jordanian startups
Flat6Labs invests in seven Jordanian startups as a part of the second cycle of its funding program, which was launched last June
Amman, Jordan – Flat6Labs—the MENA region’s leading seed- and early-stage venture capital firm, presently running the most renowned startup programs in the region—has announced recently that it is investing in seven new Jordanian startups, as part of the second cycle of its funding program, which was launched last June.
By funding startups across the MENA region—including in Jordan—Flat6Labs envisions to support entrepreneurs and new businesses as they work to compete on both a local and global scale. The venture capital firm specially targets startups in innovation-based and knowledge-driven sectors, such as information and communication technologies, software solutions, education, healthcare, digital content and games, hardware, electronics, manufacturing solutions, renewable energy, agricultural solutions, big data and analytics, fintech and payment solutions, media, and entertainment.
Flat6Labs will be giving each selected startup in the current cycle with an investment of $115,000. Flat6Labs is going to give these startups a four-month acceleration program that includes a variety of workshops and mentoring sessions designed to cover all aspects of business development. Flat6Labs will also provide the participating startups with workspaces, marketing and legal support, and the opportunity to benefit from the firm’s regional network of partners and investors—along with the possibility to receive follow-on funding of up to $170,000.
Talking about the firm’s latest program cycle, Rasha Manna, General Manager of Flat6Labs Jordan, said, “At Flat6Labs, we are immensely proud of what we have achieved since the commencement of our operations in Jordan. In the first cycle of the program, we invested in five Jordanian startups. The success of that inaugural cycle has resulted in an increase in demand and visibility for our program, allowing us to expand our investments in the second cycle. Ultimately, by connecting with and supporting local entrepreneurs, it is our objective to have a positive impact on Jordan’s economy and society as a whole— by creating new job opportunities and helping develop success stories that will further encourage local entrepreneurs to pursue their ideas.”