Cairo - Mubasher: US-based venture firm Sultan Ventures has acquired Acasia Group, Egypt’s angel investment syndicate and incubator, to expand its footprint in the MEA region.
The transaction aligns with Sultan Ventures’ commitment to fuel global expansion plans, building on its 15 years of experience in venture development and backing startup ecosystems.
Established in 2011 as Cairo Angels, Acasia plans to reshape the entrepreneurial landscape across the MENA region.
Hossam Allam, Chairman of Acasia, commented: “The acquisition by Sultan Ventures enables Acasia to scale faster and tackle the region’s biggest challenges, amplifying impact and scaling early-stage ventures and deep-tech commercialisation.”
From his part, Omar Sultan, Managing Partner of Sultan Ventures, said: “Acasia has built an enviable reputation for empowering startups and cultivating ecosystems in emerging markets. This acquisition creates a new US-MENA bridge and opens a door for thousands of founders seeking to bring ideas to market.”
