Riyadh - Sharikat Mubasher: Flat6Labs, MENA’s most active seed and early-stage venture capital firm, announced its investment in T-Gate, a middleware that connects PoS systems with applications, through its Startup Seed Fund in Saudi Arabia.
In a statement, Flat6Labs revealed that T-Gate joined Cycle 5 of the Riyadh Seed program as a tech platform that serves as an integration hub between food and beverage (F&B) stores and aggregators and service providers.
T-Gate offers several benefits to stores and applications, allowing stores to integrate directly with multiple applications and manage their data.
The Riyadh Seed Program is supported and funded by the Startup Seed Fund, which has received investments from the Saudi Venture Capital Company (SVC), the Jada Fund of Funds, and Riyadh Valley Company, and is managed by Flat6Labs.
In 2023, Flat6Labs launched the Startup Seed Fund to enable startups to receive follow-on funding up to SAR 2.4 million, and the support and training programs provided by the program for select companies.
The Startup Seed Fund is a SAR 75 million fund dedicated to investing in early-stage startups operating in the technology and innovation sectors in Saudi Arabia.
