About Figorr
Figorr is a company based in Ikeja (Nigeria) founded in 2017 by Oghenetega Iortim. Figorr has raised $1.5 million across 6 funding rounds from investors including Google, Katapult and Atlantica Ventures. Figorr offers products and services including Real-Time Monitoring, Data-Powered Insurance, Advanced Inventory Management, and Cold Room and Truck Rentals. Figorr operates in a competitive market with competitors including HAVI, Earnix, SkyCell, Roots Automation and NewCold, among others.
- Headquarter Ikeja, Nigeria
- Founders Oghenetega Iortim
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Sectors
Financial ServicesTransportation, Automotive & Logistics Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$1.5 M (USD)
in 6 rounds
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Latest Funding Round
$1.5 M (USD), Seed
May 15, 2023
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Investors
Google
& 9 more
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Employee Count
Not available
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Products & Services of Figorr
Figorr offers a comprehensive portfolio of products and services, including Real-Time Monitoring, Data-Powered Insurance, Advanced Inventory Management, and Cold Room and Truck Rentals.
Tracks temperature, humidity, and location to alert on deviations and prevent spoilage.
Provides coverage for cold chain risks using real-time data for claims verification.
Manages inventory for temperature-sensitive items to streamline business operations efficiently.
Offers access to temperature-controlled storage and transport across specified regions.
People of Figorr
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Funding Insights of Figorr
Figorr has successfully raised a total of $1.5M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Figorr
Figorr has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Google, Katapult and Atlantica Ventures.
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Early-stage investments are made in technology-driven startups by Catapult Ventures.
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VestedWorld is engaged in investing in African entrepreneurs for growth.
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Investor details for Figorr
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Investments & Acquisitions by Figorr
Investment portfolio details for Figorr
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Financial Statements - Figorr
Detailed financials for Figorr
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Figorr Comparisons
Peer comparison for Figorr
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Competitors of Figorr
Figorr operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HAVI, Earnix, SkyCell, Roots Automation and NewCold, among others.
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Provider of marketing analytics, packaging, supply chain management and logistics services
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AI based marketing analytics and data monitoring solutions for insurers and banks
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Temperature-controlled containers for pharmaceutical transport are provided.
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Insurance processes are automated through AI-based digital coworkers.
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Cold chain logistics services are provided for temperature-sensitive goods.
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Detailed competitors of Figorr
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Latest news on Figorr
Complete news archive for Figorr
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Frequently Asked Questions about Figorr
Figorr was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Figorr is headquartered in Ikeja, Nigeria. It is registered at Ikeja, Lagos, Nigeria.
Oghenetega Iortim is the current CEO of Figorr. They have also founded this company.
Figorr is a funded company, having raised a total of $1.5M across 6 funding rounds to date.
Figorr was founded in 2017 in Ikeja, Nigeria, as a cloud-based platform focused on temperature monitoring within the logistics and cold chain sector. Real-time data is supplied to track conditions for temperature-sensitive products in storage and transit, including location details. Insights on cold storage performance are generated via reports, supporting operational oversight for users managing perishable goods.
Figorr's top competitors include Roots Automation, SkyCell and Earnix.
Figorr offers Real-Time Monitoring, Data-Powered Insurance, Advanced Inventory Management, and Cold Room and Truck Rentals.
Figorr has 10 investors. Key investors include Google, Katapult, Atlantica Ventures, Catapult Ventures, and VestedWorld.