Kenya’s Jumba, a tech startup working to rationalise the construction supply chain in Africa, has raised a US$1 million pre-seed funding round to build a digital business-to-business platform for the predominantly offline construction sector. Launched in April, Jumba creates efficiencies in the construction materials supply chain by connecting manufacturers to hardware stores. We are expanding our work with suppliers to improve the availability of construction materials in Kenya and in East Africa,” said Jumba co-founder and CEO Kagure Wamunyu. The startup’s US$1 million pre-seed round was raised from investors including Enza Capital, Seedstars International Ventures, Chandaria Capital, Future Africa, Logos Ventures and First Check Africa, as well as several angel investors, among them startup founders and industry experts. “Africa’s populations are rapidly growing and increasingly urbanising, and the construction industry is a core economic engine supporting sustainable growth Across Africa.

Source: The North Africa Journal June 17, 2022 10:22 UTC