PROJECT

Projects

Summary of Investment Information

Project Number

38087

Company Name

FLAT6LABS ACCELERATOR FOR IT AND PROJECT MANAGEMENT SAE

Date SPI Disclosed

Apr 13, 2016

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Jun 2, 2016

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Feb 5, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 4, 2017
Signed : Dec 15, 2016
Invested : Nov 6, 2017

Sector

Other Non-Private Equity Fund

Additional Project Attributes

Blended Finance

Project Description

 Flat6Labs Accelerator Company S.A.E (“Flat6Labs Cairo”) is a Cairo-based accelerator that is raising EGP 50 million to support 100 early stage companies in Egypt, primarily in the ICT sector.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation