{"id":593522,"date":"2019-10-01T04:00:52","date_gmt":"2019-10-01T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/"},"modified":"2019-10-01T04:00:52","modified_gmt":"2019-10-01T04:00:52","slug":"algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/","title":{"rendered":"Algebra Ventures, Glint Consulting invest EGP 20 mn in FilKhedma"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>STARTUP WATCH- Algebra Ventures and Glint Consulting have invested EGP 20 mn in home services marketplace FilKhedma<\/b>, founder <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%ac%d9%8a%d8%a8%d8%b1%d8%a7-%d9%88%d8%ac%d9%8a%d9%84%d9%86%d8%aa-%d9%8a%d8%b3%d8%aa%d8%ab%d9%85%d8%b1%d8%a7%d9%86-20-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d8%ac%d9%86\/\">Omar Ramadan announced<\/a> at a press conference yesterday. The new investment will be used to develop the application, launch new marketing campaigns and hire employees, he said. In addition to Algebra and Glint, FilKhedma\u2019s current shareholders include Ramadan and Khaled Ismail\u2019s KiAngel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STARTUP WATCH- Algebra Ventures and Glint Consulting have invested EGP 20 mn in home services marketplace FilKhedma, founder Omar Ramadan announced at a press conference yesterday. The new investment will be used to develop the application, launch new marketing campaigns and hire employees, he said. In addition to Algebra and Glint, FilKhedma\u2019s current shareholders include [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[398,72,1351,2380,123,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593522","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-algebra-ventures","tag-enterpriseam","tag-filkhedma","tag-speed-round","tag-startups","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"5c504ebc-6545-45dc-9839-2268baabee1d","is_powered_by":true,"section_story_id":"e3c6ceb7-e20a-4ed2-b37a-040660ebf5d1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593506],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Algebra Ventures, Glint Consulting invest EGP 20 mn in FilKhedma - 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\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algebra Ventures, Glint Consulting invest EGP 20 mn in FilKhedma\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- Algebra Ventures and Glint Consulting have invested EGP 20 mn in home services marketplace FilKhedma, founder Omar Ramadan announced at a press conference yesterday. The new investment will be used to develop the application, launch new marketing campaigns and hire employees, he said. In addition to Algebra and Glint, FilKhedma\u2019s current shareholders include [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-01T04:00:52+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Algebra Ventures, Glint Consulting invest EGP 20 mn in FilKhedma\",\"datePublished\":\"2019-10-01T04:00:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/\"},\"wordCount\":70,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Algebra Ventures\",\"EnterpriseAM\",\"FilKhedma\",\"SPEED ROUND\",\"startups\",\"venture capital\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/algebra-ventures-glint-consulting-invest-egp-20-mn-in-filkhedma\/\",\"name\":\"Algebra Ventures, Glint Consulting invest EGP 20 mn in FilKhedma - 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The value of the investment was not disclosed. In\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554056,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/filkhedma-acquired-by-sas-sweepsouth-in-multi-mn-usd-all-stock-transaction\/","url_meta":{"origin":593522,"position":1},"title":"Filkhedma acquired by SA\u2019s SweepSouth in multi-mn USD all-stock transaction","author":"enterpriseam admin","date":"19 December 2021","format":false,"excerpt":"Filkhedma is under new management: South African home services firm SweepSouth has acquired 100% of Cairo-based startup Filkhedma, the companies said in a joint statement (pdf). The transaction will see the company\u2019s existing shareholders \u2014 which include Algebra Ventures, Glint Consulting and angel investor Khaled Ismail \u2014 take shares in\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/385.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553492,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/filkhedma-scores-investment-from-the-cairo-angels\/","url_meta":{"origin":593522,"position":2},"title":"Filkhedma scores investment from The Cairo Angels","author":"enterpriseam admin","date":"6 December 2021","format":false,"excerpt":"Home services marketplace Filkhedma raised an undisclosed amount in a fresh investment round from The Cairo Angels, Wamda reported. \u201cThis investment comes just ahead of a significant milestone for the business to be announced very soon,\u201d the Cairo-based angel investment network noted, without providing further details on the milestone or\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626671,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/algebra-ventures-leads-usd-1-5-mn-funding-round-for-jordans-posrocket\/","url_meta":{"origin":593522,"position":3},"title":"Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"INVESTMENT WATCH- Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket: Egypt\u2019s Algebra Ventures led a USD 1.5 mn second round of funding for Jordan-based startup POSRocket, according to a press release on Monday (pdf). KISP Ventures, Arzan VC, Financial Horizon Group, and two other angel investors also\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621951,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/algebra-ventures-joins-usd-16-mn-series-c-funding-for-the-uaes-holidayme\/","url_meta":{"origin":593522,"position":4},"title":"Algebra Ventures joins USD 16 mn series \u2018C\u2019 funding for the UAE\u2019s HolidayMe","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"INVESTMENT WATCH- Algebra Ventures joins USD 16 mn series \u2018C\u2019 funding for the UAE\u2019s HolidayMe: Our friends at Algebra Ventures joined a USD 16 mn series \u2018C\u2019 funding round for Dubai-based HolidayMe, the firm said in a statement (pdf). Algebra invested alongside Gobi Partners, Accel Partners, and Global Ventures. Four-year-old\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624864,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/","url_meta":{"origin":593522,"position":5},"title":"Algebra Ventures looks abroad to raise USD 10 mn by year-end","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"Algebra Ventures is looking to raise USD 10 mn before the end of this year, founding partner Ziad Mokhtar said, according to Al Mal, suggesting that the International Finance Corporation and the European Bank for Reconstruction and Development may be interested. 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