Flat6Labs, a leading MENA seed and early-stage venture capital firm, has announced the graduation of the sixth cohort from its Riyadh Seed Program. The milestone event, held in partnership with the Saudi Venture Capital Company (SVC) and funde by F6 Ventures, celebrated a new batch of innovators and highlighted the program’s significant and sustained impact on the Kingdom’s burgeoning startup landscape.
A Catalyst for Growth and Job Creation
Since its inception in 2023, the Riyadh Seed Program has become a cornerstone of Saudi Arabia’s early-stage ecosystem. Supported by key national entities including the Jada Fund of Funds, Riyadh Valley Company, and the National Technology Development Program (NTDP), the program has established an impressive track record.
To date, the initiative has supported the growth of over 60 startups, deploying nearly USD 17 million in direct seed investments. This initial capital has been instrumental in helping portfolio companies attract approximately USD 38 million in follow-on funding and co-investments through F6 Ventures. Beyond the financials, the program’s impact is evident in human capital, having supported more than 130 founders and directly contributed to the creation of over 440 jobs within the Kingdom.
Beyond Capital A Holistic Support Model
The Flat6Labs model extends far beyond financial investment, offering a comprehensive enablement framework tailored to the needs of early-stage founders. The program focuses on providing practical strategic mentorship, building robust operational capabilities, and delivering specialized training designed to prepare companies for scale and investment readiness.
Crucially, the program offers unparalleled networking and exposure opportunities, connecting founders with a curated audience of investors, partners, and media. This approach, supported by the NTDP’s Accelerator Enablement Product, ensures deep integration with Saudi Arabia’s national objectives of driving technology-led innovation and economic diversification.
Showcasing the Future of Saudi Tech
The sixth cohort’s demo day showcased the diversity and depth of innovation emerging from the Saudi market. The graduating startups are tackling challenges across a range of high-growth sectors, including Artificial Intelligence, FinTech, HealthTech, Internet of Things (IoT), and smart mobility. Founders presented their unique solutions to a select group of investors and ecosystem stakeholders, marking their official entry into the next phase of their growth journey.
About Flat6Labs
Flat6Labs is a leading seed and early-stage venture capital firm and the manager of the most reputable startup programs in the MENA region. Annually, Flat6Labs invests in over 100 innovative and technology-driven startups, enabling thousands of passionate entrepreneurs to achieve their ambitions and become the new inspiring success stories.
Source: Entarabi
