|09 October, 2019

RiseUp acquires StarterHub to become RiseUp Connect

Marking the fastest exit in MENA region

RiseUp acquires StarterHub to become RiseUp Connect

Cairo, Egypt: RiseUp, the one-stop-shop for connecting startups in the MENA region with the most relevant resources worldwide, has acquired StarterHub, the online community for startups and aspiring entrepreneurs, to become RiseUp Connect platform. This acquisition marks the fastest exit in MENA region after one month of StarterHub launch. It also aligns ideally with RiseUp community roadmap and is considered a part of the growth plan for RiseUp Connect, which will make MENA entrepreneurship ecosystem more accessible.

The newly formed platform will operate under RiseUp Connect name, and will acquire the StarterHub name, domain name, website and other resources in its possession. Moreover, it will be led by StarterHub Founder “Amr Hussein” who will also lead on other RiseUp community activities as a Startup Community Manager.

RiseUp Connect will act as a full-fledged platform based on scalable, efficient and easy to deploy technology that creates and drives significant community impact, through insightful and engaging content along with distinctive initiatives. 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 online and offline platform will provide for all players - investors, startups, organizations, and media the opportunity to engage, RiseUp Connect will thus help connect entrepreneurs with opportunities, and turn ideas into business.

“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 AbdelHamid Shararaa, CEO and Founder of Riseup. 

He added “Entrepreneurs are always looking for that engaging community both virtually and physically. With this acquisition we will be able to complement the great virtual with much more content, training and meetups giving the audiences much more needed resources to thrive their business. They will now become part of the RiseUp community giving them access to all the resources that we have.”

“Partnering up with RiseUp will open many paths for StarterHub to become the largest consortium of fast growth founders communities originating from the 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,” Said Amr Hussein, Founder at StarterHub.

RiseUp was founded in 2013 by AbdelHamid Sharara, with the aim of forming a solid platform that connects startups to the relevant resources. Currently, it has become the one-stop-shop for connecting startups in the MENA region with the most relevant resources worldwide. 

Founded in 2019, StarterHub started as an online community for startups and aspiring entrepreneurs,  with the aim of providing them with all the necessary business resources, online/offline mentorship, training, events, and workshops. Since its launch, Starter Hub-hosted more than 2,370 founders and business owners along with 2350 active members from 70 countries and 100 cities, StarterHub became the pivot of entrepreneurship conversations on social media, garnering an unprecedented amount of conversations and interactions on their community. 

-Ends-

About RiseUp:

RiseUp was founded in 2013 in Egypt and quickly became a grassroots movement that spread across the MENA region and beyond. It catalyzed ecosystems and connected regional startups with global resources, beginning with RiseUp Summit (an annual entrepreneurship event) and growing into a range of products and activities supporting startups, and developing ecosystems throughout the year, including RiseUp Connect, RiseUp Explore, and RiseUp Meetup.

For more information:
RiseUp Media Centre
media@riseup.co
www.riseupsummit.com  

© Press Release 2019

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