Kenya’s 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.
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’s platform benefit from standardised pricing, product selection and reliable delivery.
“The market has been very receptive to us. We are now available in Nairobi and we have started our expansion to Garissa and Nakuru and Njoro, as well as other urban centers throughout Kenya. We are expanding our work with suppliers to improve the availability of construction materials in Kenya and in East Africa,” said Jumba co-founder and CEO Kagure Wamunyu.
The startup’s 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.
“Africa’s 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,” said Mike Mompi, managing partner at Enza Capital.