Kenya-based tech startup Jumba has raised a US$1m in a pre-seed funding round to build a digital B2B marketplace for the predominantly offline Kenyan construction sector.
Launched in April, Jumba aims to improve the efficiency of 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.
Kagure Wamunyu, Jumba co-founder and CEO, said: “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 centers across Kenya.
“We are expanding our work with suppliers to improve the availability of construction materials in Kenya and in East Africa.”
The startup’s pre-seed round was led by 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.
Mike Mompi, managing partner at Enza Capital, added: “Africa’s populations are rapidly growing and increasingly urbanising, and the construction industry is a core economic engine supporting sustainable growth across the continent.
“In a US$10 trillion industry yet to be reshaped by technology, we are thrilled to be backing Kagure and the exceptional team building Jumba.”
Image: The team at Jumba (credit: Jumba)
Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.