Riyadh – Sharikat Mubasher: Flat6Labs announced investing in 10 promising Saudi-based startups for the fourth cycle of the Riyadh Seed Program.
Those 10 startups belong to a variety of dynamic sectors such as transportation, e-commerce, logistics, cybersecurity, SaaS, consumer tech, and talent acquisition, according to the company’s press release.
Through its Startup Seed Fund, the firm has invested in 41 startups across the Kingdom since its 2023 launch. This achievement underscores Flat6Labs' dedication to fostering innovation and cultivating local entrepreneurial talent, solidifying its position as a leading investor in the Saudi market.
Over the course of the Riyadh Seed Program, these startups receive extensive support through a four-month acceleration initiative designed to fast-track their growth, refine their market positioning, and expand their capabilities across KSA and beyond, as well as a cash investment of at least SAR 500,000.
The program aims to prepare them for the next stage of their journey, including scaling their customer base, enhancing operational efficiencies, and securing strategic partnerships.
The Riyadh Seed Program is supported and funded by the Startup Seed Fund, which has received investments from the Saudi Venture Capital Company, the Jada Fund of Funds, and Riyadh Valley Company, and is managed by Flat6Labs. The program also receives support from the National Technology Development Program through its Empowering Accelerators initiative.
The 10 New Startups in Flat6Labs’ Fourth Riyadh Seed Cycle:
CAMION: Revolutionizing freight management with a comprehensive Transportation Management System (TMS) that deeply integrates with global logistics networks to streamline first-mile operations.
Colada: A consumer-tech platform bridging affordability and quality in food ordering. Leveraging machine learning, Colada offers exclusive discounts on popular menu items while helping restaurants maximize margins.
Devsy: Devsys is a talent acquisition platform that leverages advanced HRMIS and work management modules, enhanced with AI capabilities, to streamline the vetting and management of both remote and on-site talent. Its AI product arm, NIIO, has secured major contracts to build predictive models for e-commerce and quick commerce sectors.
dPhish: An all-encompassing anti-phishing solution addressing threats through detection, proactive credential hunting, and awareness.
Hollat: Hollat is a CRM platform designed to address challenges in integration, privacy, and cybersecurity for large enterprises and the public sector, aligning with local compliance regulatory requirements. It has become the preferred choice for government entities and notable financial institutions.
Mrrha: Mrrha is a community-based online marketplace that empowers local creators and digital entrepreneurs to sell their unique products. It facilitates secure consumer-to-consumer (C2C) transactions through a validated and user-friendly experience. Key features include automated escrow services, secure payment options, and integrated shipping and listing tools. Mrrha ensures a safe and efficient process, enabling small retailers to reach a broader audience.
Fezlee: Fezlee is a shipping aggregator platform that connects merchants with the best couriers, warehouses, and all logistics needs. By streamlining logistics and offering competitive rates, it empowers businesses to expand their reach, enhance efficiency, and reduce costs.
Cyberni: Cyberni is a cybersecurity SaaS company that specializes in dark web threat intelligence. It provides innovative solutions that enhance threat detection, risk mitigation, and proactive safeguarding of businesses from emerging threats.
Units: A warehousing solution transforming the warehousing landscape with digital solutions for inventory and space management. It simplifies and optimizes inventory management processes, space utilization, and delivery management.
Zofa: Aiming to revolutionize clinic management, Zofa offers a comprehensive operations platform to revolutionize patient management and ensure regulatory compliance.