Sultan Ventures, a leading US-based venture capital firm, has significantly expanded its global reach with the acquisition of Acasia Group, a prominent multi-incubator operator and angel investment syndicate based in Egypt. This strategic acquisition marks a significant milestone for Sultan Ventures, solidifying its entry into the dynamic and rapidly growing Middle East and North Africa (MENA) region.
Acasia Group, formerly known as Cairo Angels, has established itself as a key player in the MENA startup ecosystem. The acquisition encompasses various facets of Acasia Group’s operations, enabling Sultan Ventures to leverage Acasia’s deep-rooted connections and expertise within the region.
This strategic move is expected to unlock significant opportunities for both companies. By combining Sultan Ventures’ proven track record in supporting early-stage innovation with Acasia Group’s strong local presence and in-depth understanding of the MENA market, the partnership aims to foster a thriving ecosystem for entrepreneurs and drive economic growth across the region.
This acquisition underscores the growing global interest in the MENA region’s burgeoning startup ecosystem. By expanding its presence in this dynamic market, Sultan Ventures positions itself at the forefront of supporting the next generation of innovative companies across the region.
