{"id":646265,"date":"2017-06-11T04:13:44","date_gmt":"2017-06-11T04:13:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/elmenus-closes-usd-1-5-mn-series-a-from-algebra-ventures\/"},"modified":"2017-06-11T04:13:44","modified_gmt":"2017-06-11T04:13:44","slug":"elmenus-closes-usd-1-5-mn-series-a-from-algebra-ventures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/elmenus-closes-usd-1-5-mn-series-a-from-algebra-ventures\/","title":{"rendered":"Elmenus closes USD 1.5 mn series A from Algebra Ventures"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Food discovery platform <\/strong>Elmenus<\/strong><\/a> has closed a USD 1.5 mn Series <\/strong>A funding round with an investment from <\/strong>Algebra Ventures<\/strong><\/a>, the company said in a statement (pdf)<\/a>. Our friends at Elmenus will use the funding \u201cto build new features that facilitate for users to order their food online and will continue focusing on solving the bigger problem of dining decisions; using an AI-powered food recommendation engine on top of a social and visual experience that will help users make the best dining decision, every time,\u201d said CEO Amir Allam. Algebra\u2019s Ziad Mokhtar, who will join the company\u2019s board of directors, said, \u201cConsidering that prior to our investment, Elmenus had seen only USD 60k in funds invested<\/strong>, the traction they\u2019ve achieved \u2014 in terms of users, revenues, content \u2014 is impressive. With this investment, Elmenus is well-poised to grab a substantial stake in the digital food space which is dominated globally by the likes of Just Eat, Zomato, and Delivery Hero.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Food discovery platform Elmenus has closed a USD 1.5 mn Series A funding round with an investment from Algebra Ventures, the company said in a statement (pdf). Our friends at Elmenus will use the funding \u201cto build new features that facilitate for users to order their food online and will continue focusing on […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646265","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ba386356-3e53-4a17-95d7-1f0f136da87d","order":"0","is_powered_by":true,"section_story_id":"57a4d8ae-5b46-4baf-8467-f8b96273dffd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646255],"teaser":"","voice_url":""},"yoast_head":"\nElmenus closes USD 1.5 mn series A from Algebra Ventures - 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\/2017\/06\/11\/elmenus-closes-usd-1-5-mn-series-a-from-algebra-ventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elmenus closes USD 1.5 mn series A from Algebra Ventures\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Food discovery platform Elmenus has closed a USD 1.5 mn Series A funding round with an investment from Algebra Ventures, the company said in a statement (pdf). 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