Flat6Labs, the prominent Egypt-based startup accelerator, has announced the formation of F6 Group, a newly structured entity that consolidates its accelerator programs and introduces a dedicated venture capital arm, F6 Ventures. This strategic evolution marks a significant step toward expanding Flat6Labs’ role in early-stage startup funding across the Middle East and Africa (MEA) region.
At the heart of this transformation is F6 Ventures, which will oversee six investment funds with more than $90 million in assets under management (AUM). The firm has set an ambitious target to grow its AUM to $200 million within the next five years, with plans to invest in over 200 startups, primarily at the pre-seed and seed stages—a critical funding gap in many emerging markets.
The new group is co-founded by Dina el-Shenoufy and Ramez El-Serafy, both of whom have played pivotal roles in Flat6Labs’ success to date. El-Shenoufy will take on the role of CEO of F6 Group and serve as General Partner at F6 Ventures, bringing her deep experience in venture capital and startup ecosystem development to the forefront of the group’s next chapter.
“F6 Ventures represents a bold new chapter in our journey,” said el-Shenoufy. “We’re bringing sharper execution and more focused capital to support the region’s most ambitious founders. Our goal is to be the first believer in the next generation of transformative startups across MEA.”
F6 Ventures will be headquartered in Cairo, with a strong regional presence through offices in Riyadh, Abu Dhabi, Amman, Tunis, and Nairobi. The leadership team includes seasoned regional partners Eyad Albayouk, Ryaan Sharif, Rasha Manna, Walid Triki, and Christine Namara, each bringing extensive experience in venture capital, entrepreneurship, and ecosystem building across diverse MEA markets.
Flat6Labs to Continue as Accelerator and Ecosystem Builder
While F6 Ventures focuses on capital deployment, Flat6Labs will continue to operate as the startup support and accelerator arm of the group. Under the leadership of newly appointed CEO Yehia Houry, Flat6Labs will maintain its presence in multiple markets, delivering founder-focused programs and ecosystem development initiatives.
Hany Al Sonbaty, co-founder of Flat6Labs, will serve as Chairman of F6 Group, overseeing the strategic direction of the newly unified structure.
The creation of F6 Group reflects a broader vision: to provide startups with both the capital and hands-on support they need to scale. By combining Flat6Labs’ proven accelerator model with the investment power of F6 Ventures, the group aims to bridge a persistent gap in emerging markets—where many founders struggle to access early-stage funding and operational guidance.
