Tech Company Financing Transactions
iProcure Funding Round
On 8/18/2022, iProcure landed $11.4 million in Series B funding from Investisseurs & Partenaires, British International Investment and Ceniarth.
Transaction Overview
Company Name
Announced On
8/18/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$11,400,000
Round
Series B
Investors
Proceeds Purpose
iProcure plans to extend zero-interest credit to agro-dealers, increasing their ability to purchase the hardware required to use its ERP system. By plugging in more retailers to its system, iProcure will additionally get access to data required to inform its growth strategy, including a buy now, pay later (BNPL) service currently in the pipeline.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
47 Chalbi Dr
Lavington Nairobi, 00603
Kenya
Lavington Nairobi, 00603
Kenya
Phone
Website
Email Address
Overview
iProcure is the largest agricultural supply chain platform in rural Africa. In addition to complete procurement and last mile distribution services, we provide business intelligence and data-driven stock management across the supply chains. We deliver great value to both manufacturers and consumers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Niraj Varia
Chief Operating Officer
Millicent Okumu
Chief Technical Officer
Patrick Wanjohi
Co-Founder
Stefano Carcoforo
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