A recently launched venture capital platform, DisrupAD has set to launch $32.7M on a seed accelerator programme by teaming up with Flat6Labs. The platform is based on Abu Dhabi investment firm ADQ and the seed accelerator programme is set to invest and innovate the expansion of about 20 startups in the next three years. All of the startups are early-stage startups that they’re set to launch.
The initial offering of the selected startups was to get the opportunity to get beneficial cuts from a seed investment worth up to $150k followed by their funding up to $544k. Joining the startups will also provide various support along with mentorship programmes from different experts in the industries. It can further help them to expand and grow their businesses worldwide and that’s not all.
“We are delighted to partner with DisruptAD for the launch of this three-year programme. Flat6Labs’ presence in Abu Dhabi opens up exciting new possibilities, not only for this programme but for the long-term evolution of Abu Dhabi as a global startup destination,” said the CEO of Flat6Labs, Ramez El-Serafy.
Their recent programme will be a part of the new strategy by DisruptAD to expand and nurture the support of 1k startups in the next five years.