New Investments
Nigerian cold-chain startup Figorr (Formerly Gricd) raises $1.5 million to revolutionize perishables insurance
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Egypt’s Lucky Raises $23 Million Series B to Scale Digital Credit and Expand Across North Africa
Egyptian fintech startup Lucky has secured $23 million in fresh funding as it accelerates its push to expand credit services and enter new markets across North Africa.
Egyptian Fintech Startup MNZL Secures $3.5 Million in Seed Funding to Revolutionize Asset-Backed Lending
Egyptian fintech startup MNZL has secured $3.5 million in seed funding to improve its technology and expand its operations.
DPI to Invest $190 Million in Egypt’s Alameda Healthcare
Development Partners International (DPI), along with its co-investors, has finalized an agreement to invest $190 million in Alameda Healthcare, one of Egypt’s leading private healthcare groups.