{"id":10060,"date":"2022-06-18T11:03:01","date_gmt":"2022-06-18T11:03:01","guid":{"rendered":"https:\/\/appsaf.apieproject.com\/news\/?p=10060"},"modified":"2022-06-18T11:03:03","modified_gmt":"2022-06-18T11:03:03","slug":"kenyan-construction-tech-startup-jumba-raises-1m-pre-seed-round","status":"publish","type":"post","link":"https:\/\/appsaf.apieproject.com\/news\/2022\/06\/18\/kenyan-construction-tech-startup-jumba-raises-1m-pre-seed-round\/","title":{"rendered":"Kenyan construction tech startup Jumba raises $1m pre-seed round"},"content":{"rendered":"<p>Launched in April, Jumba creates efficiencies in the construction materials supply chain by connecting manufacturers to hardware stores. Hardware store owners who place orders through Jumba\u2019s platform benefit from standardised pricing, product selection and reliable delivery.<\/p>\n<p>\u201cThe 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,\u201d said Jumba co-founder and CEO Kagure Wamunyu.<\/p>\n<p>The startup\u2019s 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.<\/p>\n<p>\u201cAfrica\u2019s populations are rapidly growing and increasingly urbanising, and the construction industry is a core economic engine supporting sustainable growth Across Africa. In a US$10 trillion industry yet to be reshaped by technology, we are thrilled to be backing Kagure and this exceptional team building Jumba,\u201d said Mike Mompi, managing partner at Enza Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kenya\u2019s 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.<\/p>\n","protected":false},"author":12963,"featured_media":10057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,21],"tags":[7,26,22],"class_list":{"0":"post-10060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-technology","9":"tag-apie-project","10":"tag-news","11":"tag-technology"},"yoast_head":"<!-- This site is optimized 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