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
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Seed — $1.5M
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First Round
First Round
(17 May 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2023 | Amount | Seed - Figorr | Valuation | Atlantica Ventures | |
| Nov, 2022 | Amount | Grant - Figorr | Valuation |
investors |
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| Oct, 2022 | Amount | Grant - Figorr | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Early-stage investments are made in technology-driven startups by Catapult Ventures.
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Founded Year | Domain | Location | |
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VestedWorld is engaged in investing in African entrepreneurs for growth.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Figorr
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Figorr
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Figorr Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of marketing analytics, packaging, supply chain management and logistics services
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| domain | founded_year | HQ Location |
AI based marketing analytics and data monitoring solutions for insurers and banks
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| domain | founded_year | HQ Location |
Temperature-controlled containers for pharmaceutical transport are provided.
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| domain | founded_year | HQ Location |
Insurance processes are automated through AI-based digital coworkers.
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| domain | founded_year | HQ Location |
Cold chain logistics services are provided for temperature-sensitive goods.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Figorr
Frequently Asked Questions about Figorr
When was Figorr founded?
Figorr was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Figorr located?
Figorr is headquartered in Ikeja, Nigeria. It is registered at Ikeja, Lagos, Nigeria.
Who is the current CEO of Figorr?
Oghenetega Iortim is the current CEO of Figorr. They have also founded this company.
Is Figorr a funded company?
Figorr is a funded company, having raised a total of $1.5M across 6 funding rounds to date. The company's 1st funding round was a Grant of $50K, raised on May 17, 2019.
What does Figorr do?
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.
Who are the top competitors of Figorr?
Figorr's top competitors include Roots Automation, SkyCell and Earnix.
What products or services does Figorr offer?
Figorr offers Real-Time Monitoring, Data-Powered Insurance, Advanced Inventory Management, and Cold Room and Truck Rentals.
Who are Figorr's investors?
Figorr has 10 investors. Key investors include Google, Katapult, Atlantica Ventures, Catapult Ventures, and VestedWorld.
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