Jumba, a Kenyan Brand to brand(B2B) construction startup has raised a $4.5 million pre-seed round to expand its enterprise in the country and meet up with the demands for construction materials.
The funding was led by Local Globe, in partnership with Enzo Capital (who led its $1million pre-seed round last year), Foundamental, Logos Ventures, First Check Africa, Seedstars International Ventures and Alumni Angel.
Speaking on the funding, Kagure Wamunyu, CEO and co-founder of Jumba said, “We are growing very fast, and our problem has always been that we have way more demand than we can meet”.
“Most of our customers are in counties beyond the capital, Nairobi, and the reason is that manufacturing is centralized in Nairobi, but customers are located throughout the country, and that is where we come in because we help with distribution,” she added.
About the Company
The startup has gained clients in profound regions and has recorded vast growth in the previous months by aiding retailers to get access to materials needed for their ventures.
Jumba has made access to construction materials readily available through technology and has created a marketplace for both developers and retailers. It saves consumers the stress of sourcing for different suppliers.
“Ours is a one stop shop, we manage the sourcing, and logistics headache. By using our platform, retailers have access to their documents and invoices, for them to reconcile,” Wamunya said.
With its B2B marketplace Jumba remains vertical in solving the problems in the construction industry and with support from mega infrastructure projects, the company hopes for continuous growth as they lead the industry in Kenya.