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Riyadh Valley Invests in Flat6labs’ Startup Seed Fund

Saudi Arabia’s SSF to Focus on Fintech, Healthtech, Edtech, and Tourism

By Inc.Arabia Staff
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Riyadh Valley Company,  the investment arm of King Saud University, announces its investment in the venture capital fund (Flat6labs Startup Seed Fund “SSF”) by Flat6labs, a leading startup support company in the Middle East and North Africa region.

The fund enables startups to receive follow-on funding up to SAR 2.4 million ($639,741.02) and the support and training programs provided by the program for select companies.

The Startup Seed Fund is a closed-ended fund that invests in early-stage startups operating in the technology and innovation sectors within the Kingdom of Saudi Arabia. The fund will adopt a highly diversified, systematic investment plan that aims to reduce the risks faced by venture capital and reduce the administrative and legal costs incurred by early-stage startups. The SSF fund has invested in 20 innovative startups, with an investment value exceeding SAR 15,000,000 ($3,998,310.05) 

The Flat6labs SSF fund invests in early-stage companies, focusing on Saudi Arabian startup founders in several technology fields, including financial technology, health, education, and tourism.

Flat6Labs is the MENA region’s leading seed and early-stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming their institutional co-founders.

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