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Jumba, a Kenyan startup simplifying sourcing of construction supplies, raises $4.5M

Jumba, a Kenyan startup simplifying sourcing of construction supplies, raises $4.5M

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Less than a year after launch, Kenyan B2B construction tech startup Jumba has secured clients in major regions of the East African country, a tell-tale of the growth it has experienced over the last 10 months.

Kenyan B2B construction tech start-up Jumba has secured $4.5m in seed funding, led by LocalGlobe and featuring participation from a range of funds, including Enza Capital, Foundamental and Seedstars International Ventures. The funding will be used to help the firm scale up its operations in Kenya, where it has been growing at 300 times the rate of the previous month since April 2022. The firm, which allows construction material retailers to restock, and real estate developers to access supplies for their projects, is currently covering 60% of the country's 47 counties. Jumba also simplifies the sourcing of construction materials through a common marketplace for retailers and developers, that takes away the headache of dealing with multiple suppliers.


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