Flat6Labs, a regional seed programme and fund, has announced the second close and increase of its Egypt fund to $13.2 million, to support Egyptian early-stage startups.

The Flat6Labs Accelerator Company (FAC) Egypt fund was launched in 2017 to invest in 100-plus innovative startups across Egypt over the span of five years, with a focus on tech-enabled solutions. Over the past three and a half years of the investment period, the Flat6Labs Cairo Seed Program has run seven cycles, investe...