Businesses & Financial News

Jumba eyes offline construction sector with US$1million pre-seed capital

By Conrad Obiero

Construction tech startup, Jumba has raised a $1 million pre-seed round to build a digital business-to-business platform targeting offline construction sector.

Launched in April, the firm said it will seek to create efficiencies in the construction materials supply chain by connecting manufacturers to hardware stores.

Hardware store owners who place orders through Jumba’s platform benefit from standardized pricing, product selection and reliable delivery.

The pre-seed round includes VC investors Enza Capital, Seedstars International Ventures,

Chandaria Capital, Future Africa, Logos Ventures and First Check Africa, as well as several angel investors who are startup founders and industry experts.

“The market has been very receptive to us. We are currently available in Nairobi, and have begun our expansion to Garissa, Nakuru, Njoro and other urban centers across Kenya. We are expanding our work with suppliers to improve the availability of construction materials in Kenya and in East Africa,” said CEO Kagure Wamunyu.

“Africa’s populations are rapidly growing and increasingly urbanizing, and the construction industry is a core economic engine supporting sustainable growth Across Africa. In a $10 trillion industry yet to be reshaped by technology, we are thrilled to be backing Kagure and this exceptional team building Jumba,” said Mike Mompi Managing Partner at Enza Capital and lead investor in this round.

 

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