# Acasia

> Acasia is a Cairo-based startup program operator and angel-investor community, founded as Cairo Angels in 2011. Now part of Sultan Ventures, it works with institutional partners on sector-specific incubation, including DarE for architecture, engineering and construction technology and REEFS for reef-positive businesses. Acasia Ventures is a separate investment firm.

- **Founded:** 2011
- **Headquarters:** Cairo, Egypt
- **Founders:** Aly El Shalakany (Co-founder), Hossam Allam (Co-founder)
- **Products:** Acasia Angels, Acasia Impact, DarE Incubator, REEFS Business Incubator
- **Notable:** Built on the Cairo Angels network established in 2011., Expanded its announced footprint to Dubai and Lagos in 2023., Launched DarE with Dar Ventures in September 2023.

## Products & services

- **Acasia Angels** — Angel-investor community connecting investors and early-stage founders.
- **Acasia Impact** — Bespoke entrepreneurship programs, partner initiatives and curated events.
- **DarE Incubator** — Dar Ventures initiative operated by Acasia for AEC technology startups; launch terms offered a six-month program and grants up to $50,000.
- **REEFS Business Incubator** — Egyptian reef-positive venture support delivered under UNDP’s Egyptian Red Sea Initiative.

## Achievements

- Built on the Cairo Angels network established in 2011.
- Expanded its announced footprint to Dubai and Lagos in 2023.
- Launched DarE with Dar Ventures in September 2023.
- Acquired by Sultan Ventures in September 2024.
- Named delivery partner for the REEFS Business Incubator in September 2026.

## Latest updates

- **2026-09** — UNDP announced REEFS with Acasia as operator and Omar Sultan as Acasia Group CEO; the first application deadline was 15 October 2026.
- **2025-11** — Acasia’s DarE Cohort IV announcement welcomed nine startups to a Cairo launch bootcamp.
- **2024-09** — Sultan Ventures acquired Acasia Group; Acasia Ventures was excluded.

## Links

- Website: https://acasia.group/
- LinkedIn: https://www.linkedin.com/company/theacasiagroup/
- Instagram: https://www.instagram.com/theacasiagroup/
- Facebook: https://www.facebook.com/theacasiagroup

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Profile page: https://yespress.io/acasia
Published by YesPress — https://yespress.io
Last updated: 2026-10-24