Flat6Labs Celebrates Its Third Demo Day in Riyadh
Flat6Labs, the MENA region’s leading seed and early-stage venture capital firm, hosted its Third Demo Day for its Riyadh Seed Program. The event featured 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 ten 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 specializing in pre-purchase used car inspections 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
MoneyLoop is a fintech platform that enables microloans for SME employees. It 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 in parental control apps, Phys immerses children in a world of thrilling augmented reality games without 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 is an innovator in financial technology. It provides real-time digital receipts with a simple service suitable for traditional shops.
We seek leadership in digital receipts and transaction management, focusing on innovation and sustainability.
Wazen - وازنWazen 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, more transparent, and more efficient, thereby boosting merchant customer confidence and loyalty.
About Flat6Labs:
Flat6Labs is the MENA region’s leading seed and early-stage venture capital firm, currently running the region's most renowned startup programs. It invests in innovative and technology-driven startups, enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately become their institutional co-founders.
Flat6Labs manages several seed funds with a total AUM in excess of $95M. More than 25 leading institutions have invested in the Flat6Labs-managed funds, believing in the asset class and Flat6Labs’ proven track record as the market leader. Flat6Labs provides a range of investment ticket sizes, from $50K to $500K, supporting startups through their early journeys from pre-seed to pre-Series A stages.
Alongside the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically to the needs of innovative entrepreneurs, help them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors, and corporates.
Launched and headquartered in Cairo in 2011, Flat6Labs has multiple regional offices and plans to expand into other emerging markets.
For more information, visit www.flat6labs.com