{"id":643702,"date":"2024-09-12T00:00:00","date_gmt":"2024-09-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/12\/us-based-sultan-ventures-acquires-homegrown-startup-investor-acasia-group\/"},"modified":"2024-09-12T00:00:00","modified_gmt":"2024-09-12T00:00:00","slug":"us-based-sultan-ventures-acquires-homegrown-startup-investor-acasia-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/12\/us-based-sultan-ventures-acquires-homegrown-startup-investor-acasia-group\/","title":{"rendered":"US-based Sultan Ventures acquires homegrown startup investor Acasia Group"},"content":{"rendered":"

Sultan Ventures makes a play for MENA with Acasia takeover: <\/strong>US-based and also US-focussed \u2014 at least until now \u2014 venture firm Sultan Ventures<\/a> has fully acquired local venture capital firm Acasia Group, formerly Cairo Angels<\/a>, according to a joint statement (pdf)<\/a>. The size of the transaction was not disclosed.<\/p>\n

They say it\u2019s a mutually beneficial move: <\/strong>The move will enable Acasia to amplify its impact in \u201cscaling early-stage ventures and deep-tech commercialization,\u201d Acasia Group Chairman Hossam Allam said. It will also support Sultan Ventures\u2019 commitment to global expansion, the statement reads, without providing any details on the expansion plans.<\/p>\n

The acquisition also \u201ccreates a new US-MENA bridge<\/strong>, and opens a door for thousands of founders seeking to bring ideas to market,\u201d Sultan Ventures Managing Partner Omar Sultan. <\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition creates a new US-MENA bridge<\/p>\n","protected":false},"author":1,"featured_media":643703,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[6801,72,7128,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-acasia-ventures","tag-enterpriseam","tag-ma-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"f8c62afb-26ee-40a0-b80f-446048a00221","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/278.jpg","photo_position":"above","homepage_title":"","full_issue_title":"US-based Sultan Ventures acquires homegrown startup investor Acasia Group","related_issue":[643694],"teaser":"The acquisition creates a new US-MENA bridge","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.3a29a254-7031-45a6-82ac-d8f58935a874.mp3"},"yoast_head":"\nUS-based Sultan Ventures acquires homegrown startup investor Acasia Group - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/12\/us-based-sultan-ventures-acquires-homegrown-startup-investor-acasia-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US-based Sultan Ventures acquires homegrown startup investor Acasia Group\" \/>\n<meta property=\"og:description\" content=\"The acquisition creates a new US-MENA bridge\" \/>\n<meta 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