US-based Sultan Ventures expands reach into MENA with acquisition of Egypt's Acasia Group
- Sultan Ventures acquires Acasia Group, expanding into MENA.
- Acasia Group rebranded from Cairo Angels in December 2022.
- Acasia Ventures remains 100% owned by Aly El Shalakany.
The acquisition of Acasia Group by Sultan Ventures represents a strategic move that could significantly enhance the startup ecosystem in the MENA region. This partnership not only brings US expertise to local markets but also fosters innovation and growth for early-stage ventures, which is crucial for economic development in the area.
