Jumba, a Kenyan construction supply chain startup that was launched in April this year has raised $1m in pre-seed funding.
The young firm creates efficiencies within the construction industry by linking manufacturers to the market. The platform allows hardware store owners to place orders and benefit from standardized pricing, product selection and reliable delivery.
“The market has been very receptive to us. We are currently available in Nairobi and have begun our expansion to Garissa, Nakuru, Njoro and other urban centres across 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 funds raised in this round will be used to build a digital business-to-business platform for the predominantly offline construction sector.
Investors involved in this round of funding include Enza Capital, s Enza Capital, Seedstars International Ventures, Chandaria Capital, Future Africa, Logos Ventures and First Check Africa, and several angel investors and industry experts.
The founders of Jumba are Kagure Wamunyu, who also is also the CEO and Miano Njoka who serves as the Chief Technological Officer.
Wamunyu is a civil engineer and has worked with several tech companies including Uber ad Kobo360. Njoka is a techie who worked at Google for seven years.
“We are thrilled to be backing Kagure and this exceptional team-building Jumba,” said Mike Mompi, managing partner at Enza Capital. “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.”
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