MenaBites: Flat6Labs restructures under new F6 Group with dedicated VC arm F6 Ventures
Flat6Labs, the Middle East’s most active startup accelerator, has restructured under a new holding company called F6 Group, alongside the launch of F6 Ventures, a dedicated seed-stage investment firm, it announced today. The move consolidates 14 years of regional startup ecosystem building under a unified structure designed to provide comprehensive support from acceleration through investment.
The restructuring separates Flat6Labs’ accelerator programs from its investment operations, which have grown since the platform’s launch in Cairo in 2011 to span over 8,000 founders across multiple markets and a portfolio of 300+ companies. The new structure maintains strategic alignment between both arms while allowing each to focus on their core functions.
F6 Ventures, founded by Flat6Labs leaders Dina el-Shenoufy and Ramez El-Serafy, manages six funds with over $90 million in assets under management (AUM), representing Flat6Labs’ existing portfolio companies and investments. The firm focuses specifically on addressing funding gaps at the critical pre-seed and seed stages across the Middle East and Africa.
“F6 Ventures marks a new era in our journey, bringing focused capital and sharper execution to support the region’s boldest founders,” said el-Shenoufy, who now serves as Group CEO and General Partner at F6 Ventures. “We are extending our commitment to early-stage startups to help them scale from idea to impact.”
Under the new structure, Flat6Labs continues as a standalone brand with newly appointed CEO Yehia Houry, maintaining its position as the region’s leading platform for startup programs and ecosystem development. The accelerator will sharpen its focus on founder support and innovation programs across emerging markets, building on its track record of launching successful startups including Hawaya, which was acquired by Match Group in 2019.
“Over more than a decade, we’ve empowered thousands of founders and helped bold ideas grow into market-leading startups. I’m excited to begin this new chapter with F6 Ventures helping founders scale faster and drive the next wave of innovation,” said Ramez El-Serafy, co-founder and General Partner at F6 Ventures.
Both entities operate under the unified structure of F6 Group, led by Dina el-Shenoufy as CEO and Hany Al Sonbaty as founder and Chairman.
F6 Ventures is headquartered in Cairo with offices across Riyadh, Abu Dhabi, Amman, Tunis, and Nairobi. The firm’s leadership includes regional partners Eyad Albayouk, Ryaan Sharif, Rasha Manna, Walid Triki, and Christine Namara, bringing decades of combined experience in venture capital and entrepreneurship.
The newly launched VC firm plans to launch multiple regional funds across Africa, the GCC, and the Levant, targeting $200 million in AUM and investments in over 200 companies within five years.
https://www.menabytes.com/flat6labs-f6-group/
