Rinchi
TechInAfrica – The Egyptian company, RiseUp, has announced the acquisition of an online startup community, StarterHub. The announcement was made yesterday, came months after it acquired MENAbytes.
StarterHub was founded two months ago by Amr Hussein. It first started as a Facebook group aiming at helping founders in the MENA region to connect, engage, and learn from each other. It also provides business resources, facilitates online and offline mentorship, and organize trainings, events, as well as workshops.
The group started to grow bigger with more than 2,000 members engaging in discussions. The group managed to organize its first offline meetup recently.
The acquisition will see StarterHub as a new brand called RiseUp Connect. It will allow investors, startups, and startup founders in the MENA region to connect and engage with each other.
On a statement about the acquisition, RiseUp stated, “Through RiseUp Connect, members will get more exposure to the entrepreneurship community, access to desired business resources and events along with numerous benefits that include mentorship sessions, business resources, event access, and possible discounts and offers.”
The brand new RiseUp Connect will be led by the Founder of StarterHub. He will also be the person in charge of other community initiatives by RiseUp as a Startup Community Manager.
“We are excited about joining forces with StarterHub. The reason behind our collaboration lies in the common values and vision shared by both entities, which is supporting entrepreneurs in MENA with relevant resources, events, mentorship programs, and more. We’re proud to have RiseUp Connect platform that will provide a chance for everyone to get closer to the entrepreneurship community, accurately identify their needs and effectively close any gaps in the ecosystem,” said Abdelhameed Sharara, the Founder and CEO of RiseUp.
Amr Hussein, the Founder of StarterHub commented: “Partnering up with RiseUp will open many paths for StarterHub to become the largest consortium of fast-growth founders communities originating from MENA region, and will broaden our horizons through establishing more connections in the entrepreneurship ecosystem. As StarterHub founder, I’m so excited to join the RiseUp journey to help and empower local entrepreneurs through offering a wide range of relevant resources and giving them more exposure, perks, and business events.”
Source: menabytes.com
