iProcure
| Private | |
| ISIN | 🆔 |
| Industry | Agriculture |
| Founded 📆 | 2013 |
| Founder 👔 | |
| Headquarters 🏙️ | Nairobi, Kenya |
Area served 🗺️ | |
Key people | Stefano Carcoforo, Niraj Varia |
| Members | |
Number of employees | |
| 🌐 Website | iprocu |
| 📇 Address | |
| 📞 telephone | |
iProcure is a company based in Nairobi, Kenya that uses technology and data to supply agricultural inputs.[1] The company offers services such as procurement, last-mile distribution, stock management, and business intelligence with the aim of enhancing the supply chain in rural areas of Africa.[2]
History
iProcure was established in 2013 by Stefano Carcoforo, Nicole Galletta, Patrick Wanjohi, and Bernard Maingi as an agri-tech firm focused on reducing farmers’ production costs through data-driven optimization of farm input distribution channels.[3][4]
iProcure has received over $14,800,000 in venture capital funding from various investors such as Investisseurs & Partenaires (I&P), Ceniarth, British International Investment, and Novastar Ventures.[5][6][7] The company recently completed a Series-B funding round and raised $10.2 million, bringing the total funding raised to over $17.2 million.[8][9][10]
In August 2022, Niraj Varia replaced Stefano Carcoforo as the CEO of the company.[11]
External links
References
- ↑ Maritz, Jaco (2022-09-07). "A more efficient agri supply chain in Kenya: The business model of iProcure". How we made it in Africa. Retrieved 2023-04-14.
- ↑ "Introducing iProcure - a tech solution to Kenya's agricultural supply problems". Energise Africa. Retrieved 2023-04-14.
- ↑ Ajayi, Feyisayo (2022-08-19). "Kenya-based founder Stefano Carcoforo's iProcure secures $10.2 million from investors". Billionaires.Africa. Retrieved 2023-04-14.
- ↑ Njanja, Annie (2022-08-18). "Kenyan agtech iProcure raises $10.2M to grow its input supply network". TechCrunch. Retrieved 2023-04-14.
- ↑ "Kenyan agtech iProcure raises $10.2M to expand in Uganda and Tanzania — TFN". Tech Funding News. 2022-08-18. Retrieved 2023-04-14.
- ↑ "The Capital Quest | African startups Omnibiz, Koolboks and iProcure raise VC funding". The Capital Quest. 2022-08-19. Retrieved 2023-04-14.
- ↑ Oladunmade, Muktar (2022-08-19). "iProcure raises $10.2 million Series B to drive East African expansion". TechCabal. Retrieved 2023-04-14.
- ↑ PYMNTS (2022-08-23). "Kenyan Agricultural Supply Chain Startup iProcure Closes $10.2M Series B". www.pymnts.com. Retrieved 2023-04-14.
- ↑ "Kenya's B2B agritech, iProcure, raises $10.2 million Series B to expand to Tanzania". 2022-08-18. Retrieved 2023-04-14.
- ↑ "Kenya's iProcure closes $10.2 M in a Series B led by impact investor I&P". AFN. 2022-08-18. Retrieved 2023-04-14.
- ↑ Njanja, Annie (2022-08-17). "Niraj Varia takes on challenge as CEO of Kenyan agtech iProcure". TechCrunch. Retrieved 2023-04-14.
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