IFC considers $6M investment in Flat6Labs Africa

Updated 2/2/2025 9:45:00 AM
IFC considers $6M investment in Flat6Labs Africa

Arab Finance: The International Finance Corporation (IFC) is considering an equity investment of up to $6 million in Africa Seed Fund Coöperatief U.A. (Flat6Labs Africa) through the IFC Startup Catalyst Program, as per an announcement.

The Netherlands-based accelerator and venture capital fund targets pre-seed and seed-stage investments in North, West, and East Africa and aims to reach a total fund size of $85 million.

Flat6Labs For Financial Consulting S.A.E. will manage the fund, which will receive support from the Blended Finance Facility of the Women Entrepreneurs Finance Initiative.

The project will also benefit from an advisory package to strengthen its gender strategy and facilitate expansion into fragile and conflict-affected states.

Related News