Five startups graduate from Flat6Labs Seed programme in Jordan
- Five Jordanian startups have graduated from the Flat6Labs Amman Seed programme, with each receiving $112,000 in funding.
- These startups include Qarar, an IoT machine performance monitoring devices manufacturer, Coach You, a marketplace for Arabic-language professional development courses, Wasm, tech-based weather and forecasting platform, FLIMS, a healthtech startup that offers testing kits and wellness plans and Bloom, which enables retailers to promote their products and reach target customers.
- Flat6Labs Jordan Seed Fund (JSF) was launched in 2021 with backing from a group of investors including the International Finance Corporation (IFC), the Innovative Startups and SMEs Fund (ISSF), Beyond Capital, Bank Al-Etihad, and GMS Ventures and Investments.
Flat6Labs, the MENA region’s leading seed and early-stage venture capital firm, has celebrated its first Demo Day in Jordan on March 9th at the W Hotel in Amman, where they introduced five growth-driven tech startups operating in an array of industries namely health-tech, climate-tech, e-commerce, manufacturing IOT, and education-tech. The graduating entrepreneurs from the first cohort of the Flat6Labs Seed Program in Amman showcased their innovative products and solutions to a large audience of 130+ attendees, including investors from Jordan and the region, representatives from entrepreneur support organizations and the development community. Also in attendance were the fund Limited Partners; the ISSF, the IFC, Beyond Capital, Bank Al Etihad and GMS Ventures.
The event was also attended by his excellency Mr. Ahmad Hanandeh, Jordan’s Minister of Digital Economy and Entrepreneurship, who commended the efforts that support organizations such as Flat6Labs are putting into growing and supporting the startup ecosystem in Jordan.
Flat6Labs’ General Manager in Jordan, Rasha Manna, expressing her happiness for the graduation of this cohort, said “We are very proud of our first cohort of five companies. Their commitment to making the most of the program and to their own personal growth has been inspiring to us. Our first cycle founders are mature entrepreneurs with relevant industry experience which better equips them for success. We look forward to continuing to support them on their growth journey.”
During the last 4 months of the Amman seed program, the Flat6Labs team has been working closely with the five startups; helping them develop their core business solutions and expand their operations by offering them business and technical training and mentorship sessions led by some of the best business leaders and industry experts in Jordan and the region.
The five startups have also received an investment of USD 112,000 each. It is worth mentioning that the Flat6Labs Jordan Seed Fund (JSF) was launched last June 2021 with the support of five prominent investors: International Finance Corporation (IFC), the Innovative Startups and SMEs Fund (ISSF), Beyond Capital, Bank Al-Etihad, and GMS Ventures & Investments.The five start-ups graduating from the first cohort of the Amman Seed Program are:
Qarar is a ground-breaking manufacturing company that utilizes the Internet of Things to best identify under-utilized production capacity in the pharma sector through real-time analytics to optimize machine performance and operate smarter.
An Arabic-enabled online marketplace, Coach You enables working individuals across all career levels to enhance their skills, professionally and personally, by digitally connecting them with the best coaches from the MENA region and around the globe.
WASM, a weather and forecasting technology company, ambitiously and innovatively mitigates the effects caused by severe weather occurrences, in aim to help companies improve their outcomes.
FLIMS inspires preventative medicine by enabling individuals to live a healthier lifestyle in order to counter chronic diseases from taking over their lives, with their inventive science-based testing kits and wellness plans.
Bloom Local takes retail technology to another level and optimises content that allows sellers to efficiently and effectively digitise the exposure of their products at a fast pace across channels to potential shoppers in vicinity.