Press Release.
Flat6Labs, the MENA region’s leading seed and early stage venture capital firm, announces their partnership with The Saudi Venture Capital Company (SVC) to launch a new seed program and fund to support early-stage entrepreneurs in KSA.
“Startup Seed Fund” in KSA is investing in up to 20+ innovative startups during its 3 years investment period. Flat6Labs Riyadh Seed Program will provide seed capital to 10-12 startups per cycle, with each company receiving up to SAR 500K 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 also eligible to receive follow-on funding that will enable companies to complete their expansion inside and outside KSA.
Applications are now open to join the seed program, just visit the website to take part of the first cycle’s cohort.