Egypt-based RiseUp has acquired Starterhub, an online startup community in the Middle East and Africa, for an undisclosed amount.
RiseUp is the organizers of RiseUp Summit, one of the biggest startup and entrepreneurship events in MENA. It has been in the news recently for acquiring Menabytes, a tech media platform and trackMENA, Menabytes’ data tracker for startups, investments and events in the Middle East and Africa.
Two months after acquiring Menabytes, RiseUp has bought StarterHub and rebranded it RiseUp Connect. The new platform will provide initiatives, mentorship, resources, discounts and engaging contents to drive community impact.
See also: South Africa-based Net1 Set to Acquire Bank Frick
Amr Hussein founded StarterHub in August 2019 and has been able to create a closed group for startups to discuss investment, strategies, tools, legal, amongst other topics.
“We are excited about joining forces with StarterHub”, says Said Abdelhamid Shararaa, CEO and Founder of RiseUp. “The reason behind our collaboration lies in the common values and vision shared by both entities. We are proud to have RiseUp Connect platform provides a chance for everyone to get closer to the entrepreneurship community, accurately identify their needs and effectively close any gap in the ecosystem,” he said while speaking about the latest development.
RiseUp Connect will be led by Amr Hussein, StarterHub’s founder who will also double up as RiseUp’s Startup Community Manager. These acquisitions aim to make RiseUp the one-stop-shop for tech-related resources for entrepreneurs and startups in the Middle East and Africa.
More on TechGist Africa:
- South Africa-based Net1 Set to Acquire Bank Frick
- Meet Doctoora, the Winner of #NES25 Startups Pitch Competition
- China Enlarges Influence in Africa with $72.23billion Investments
- Airtel Africa Partners Mastercard to Connect 100 Million Africans to Digital Payments
- Nigeria-based Startup, Chiniki Guard wins $10K GITEX SuperNova Challenge Grand Prize