Jumba, an B2B technology platform for building and construction, has raised $1M in pre-seed capital to bridge. Enza Capital was the lead investor in the pre-seed funding round, with participation from Seedstars International Ventures (Chandaria Capital), Future Africa, Logos Ventures First Check Africa, Seedstars International Ventures, Chandaria Capital and Future Africa.
Jumba founded by Kagure Wamunyu and Miano Njoka is a construction tech platform that simplifies B2B purchase and financing of construction materials
Enza Capital’s managing partner Mike Mompi said, “Africa’s populations are rapidly growing and increasingly urbanizing, and the construction industry is a core economic engine supporting sustainable growth Across Africa. In a $10 trillion industry yet to be reshaped by technology, we are thrilled to be backing Kagure and the exceptional team-building Jumba.”
Wamunyu explained that Jumba was launched because of her experiences as an entrepreneur in real estate. In those days, she faced inefficiencies in purchasing building supplies due to fluctuations in prices and random stockouts.
Wamunyu is a contractor and civil engineer who helped Uber launch its services in Kenya. She was also part of the team that launched Kobo360 to Africa, a logistics startup. Njoka, her cofounder, is a software engineering who previously co-invested in real estate projects with her.