Jumba, a B2B construction technology platform, has raised $1 million in a pre-seed funding round led by Enza Capital. Joining the round are Seedstars International Ventures, Chandaria Capital, Future Africa, Logos Ventures, First Check Africa and a number of angel investors.
Jumba founded by Kagure Wamunyu and Miano Njoka is a construction tech platform that simplifies B2B purchase and financing of construction materials
Enza Capital’s managing partner Mike Mompi said, “Africa’s populations are rapidly growing and increasingly urbanizing, and the construction industry is a core economic engine supporting sustainable growth Across Africa. In a $10 trillion industry yet to be reshaped by technology, we are thrilled to be backing Kagure and the exceptional team-building Jumba.”
Wamunyu said the launch of Jumba was inspired by her experiences as a real estate entrepreneur, where she always faced inefficiencies in the purchases of building supplies due to fluctuating prices and random stockouts.
Wamunyu, a civil engineer and contractor, who helped Uber roll out its services in Kenya, was also on the team that propelled Kobo360, a logistics tech startup to Africawide expansion. Njoka, her co-founder, is a software engineer who had previously co-invested with her in real estate projects.
