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Home Venture Capital

Kenya construction tech platform raised US$1M pre-seed

TechGist Africa by TechGist Africa
June 21, 2022
in Africa, Kenya, Venture Capital
Reading Time: 1 min read
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In a pre-seed round led by Enza Capital, a B2B construction technology platform, Jumba has raised $1 million in funding.

Seedstars International Ventures, Chandaria Capital, Future Africa, Logos Ventures, First Check Africa, and a number of angel investors are among the investors in the round.

The construction technology platform Jumba, founded by Kagure Wamunyu and Miano Njoka, makes it easier for businesses to buy and finance building materials on a B2B basis.

Also read: Kenya crossboundary receives US$25M for solar mini-grids in Africa

Wamunyu, a construction engineer and contractor who assisted Uber in launching its services in Kenya, was also part of the team that helped Kobo360, a logistics tech startup, expand across Africa.

Her co-founder, Njoka, is a software developer who had previously partnered with her in real estate ventures.

“Africa’s populations are fast-growing and increasingly urbanizing, and the construction industry is a vital economic engine supporting sustainable growth across Africa,” said Enza Capital managing partner Mike Mompi. We are ecstatic to be supporting Kagure and the incredible team-building Jumba in a $10 trillion industry that has yet to be altered by technology.”

Also read: Kenya to export black tea to china

Wamunyu claimed the idea for Jumba came from her experiences as a real estate developer when she had to deal with inefficiencies in purchasing building supplies owing to shifting costs and occasional stockouts.

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Source: TechGist Africa
Tags: B2BChandaria Capitalconstruction technology platformEnza CapitalFirst Check AfricaFuture AfricaJumbaKagure WamunyuKenyaKenya construction tech platform raised US$1M pre-seedKobo360logistics tech startupLogos VenturesMiano NjokaMike MompiSeedstars International Venturesventure capitalкенияكينياケニア肯尼亚
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TechGist Africa

TechGist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across.

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