New Investments

Nigerian cold-chain startup Figorr (Formerly Gricd) raises $1.5 million to revolutionize perishables insurance

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Nigerian cold-chain startup Figorr (Formerly Gricd) has raised $1.5 million in seed funding to revolutionize perishables insurance with a data-driven approach.

The funding round was led by Atlantica Ventures VC Fund, with participation from VestedWorld, Jaza Rift Ventures and Katapult VC. Founded in 2019, Figorr leverages advanced analytics, machine learning algorithms, and real-time monitoring to provide unparalleled insights into temperature-sensitive cargo. This enables businesses in the agriculture and health sectors to proactively manage risks, prevent losses, and optimize their supply chain operations.

 

By harnessing the power of data and technology, Figorr is revolutionizing the perishables insurance sector and safeguarding the integrity and quality of perishable goods throughout the supply chain. The startup will invest the latest round of funding in accelerating its expansion plans, enabling them to scale its operations and establish strategic partnerships with key players in the cold-chain industry.

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