Fintech Spotlight

Tag: flat6labs

  • F6 Group Combines VC and Accelerator Arms in MEA Push

    F6 Group Combines VC and Accelerator Arms in MEA Push

    F6 Group has launched as a unified entity merging venture capital investment with startup acceleration programs across the Middle East and Africa, consolidating a 14-year operational history under a single strategic framework.

    The newly formed group encompasses F6 Ventures, a seed-stage investment firm, and Flat6Labs, an established accelerator platform. The restructuring aims to address funding gaps at the earliest stages of startup development while maintaining separate operational identities for each division.

    Investment Capacity and Track Record

    F6 Ventures brings over $90 million in assets under management across six funds, with a combined portfolio spanning more than 300 investments. The firm will concentrate on pre-seed and seed-stage opportunities throughout the Middle East and Africa regions.

    Co-founders Dina el-Shenoufy and Ramez El-Serafy, who previously led Flat6Labs, will oversee the venture capital operations. “F6 Ventures marks a new era in our journey, bringing focused capital and sharper execution to support the region’s boldest founders.We are extending our commitment to early-stage startups to help them scale from idea to impact.” ~ Dina el-Shenoufy, Co-Founder and General Partner.

    Geographic Coverage and Leadership Structure

    The venture capital arm operates from Cairo headquarters with regional offices spanning Riyadh, Abu Dhabi, Amman, Tunis, and Nairobi. Regional partners include Eyad Albayouk, Ryaan Sharif, Rasha Manna, Walid Triki, and Christine Namara, each contributing experience in venture capital, entrepreneurship, and regional development.

    Flat6Labs maintains its independent brand identity within the group structure, with Yehia Houry appointed as chief executive. The platform will continue managing founder support programs and innovation initiatives across emerging markets.

    Strategic Governance and Expansion Plans

    Hany Al Sonbaty chairs the group, while Dina el-Shenoufy serves as chief executive, providing oversight across investment and support activities. This dual leadership structure aims to align strategic objectives between the venture capital and accelerator functions.

    F6 Ventures has outlined expansion plans including additional regional funds across Africa, the Gulf Cooperation Council states, and the Levant region. The firm targets growth to $200 million in assets under management while supporting over 200 startups within five years.

    Market Context and Regional Focus

    The group’s formation reflects ongoing efforts to strengthen early-stage funding infrastructure across emerging markets. By combining capital deployment with program delivery capabilities, F6 Group seeks to provide comprehensive support throughout the startup development process.

    The structure allows for specialized focus areas while maintaining operational synergies between investment decisions and founder development programs. This approach addresses both capital needs and mentorship requirements that early-stage companies typically face in emerging markets.

  • Olivery raises seed investment to expand logistics platform

    Olivery raises seed investment to expand logistics platform

    Olivery, a business-to-business software-as-a-service company based in Ramallah and Amman, has secured seed funding from Ibtikar Fund and Flat6Labs Mashreq Seed Fund to advance its logistics digitalization platform across the Middle East and North Africa region.

    The investment amount remains undisclosed, though the funding will accelerate product development and regional growth for the startup that launched in 2020. Co-founded by Ram Merei, Malak Duraidi, and Obada Abdelkareem, the company has built a cloud-based system that streamlines delivery operations for logistics providers and merchants.

    Comprehensive Logistics Management Solution

    The platform consolidates multiple delivery processes into a single dashboard, including order creation, driver monitoring, automated routing, cash-on-delivery reconciliation, and customer notifications. The low-code and no-code approach enables non-technical teams to configure workflows without requiring programming expertise.

    Olivery currently supports over 200 active clients spanning nine countries, serving couriers, retailers, and e-commerce brands. The system aims to reduce operational costs whilst accelerating delivery times and enhancing customer satisfaction across the supply chain.

    Strategic Investment Partnership

    Habib Hazzan, Managing Partner at Ibtikar Fund, highlighted the regional focus of the investment: “We are proud to back the Olivery team as they modernize logistics across our region” he stated, emphasizing the platform’s scalability and local market design.

    Flat6Labs Mashreq Seed Fund participated as both an initial and follow-on investor. Rasha Manna, General Manager of the fund, noted their continued commitment “We are proud to be Olivery’s first institutional investor and to have supported the founders from the very beginning of their journey“

    Artificial Intelligence Integration Plans

    The fresh capital will fund new artificial intelligence capabilities within the platform, including predictive routing algorithms, automated data entry systems, and proactive customer support features. These enhancements represent the company’s next phase of technological advancement.

    The investment will also strengthen customer success operations and improve onboarding processes for new clients. Regional expansion efforts across MENA markets form another priority for the funding deployment.

    Market Opportunity and Growth Strategy

    Chief Executive Ram Merei framed the investment as extending beyond financial support. “This investment is more than a financial milestone, it’s a strategic partnership that empowers us to build the backbone of modern logistics infrastructure” he explained, referencing both national couriers and independent merchants as target customers.

    The company targets multiple logistics segments, including last-mile delivery, same-day services, and reverse logistics operations. With e-commerce growth and increased cross-border trade activity across the region, Olivery aims to capture demand for streamlined delivery technology.

    Both investors bring experience scaling technology ventures in the region, providing strategic guidance alongside capital. The partnership reflects growing investor interest in logistics technology solutions that address regional market requirements whilst offering scalable infrastructure for digital commerce growth.