About iProcure
iProcure is a company based in Nairobi (Kenya) founded in 2013 by Nicole Galletta.. iProcure has raised $9.95 million across 5 funding rounds from investors including Safaricom, British International Investment and Novastar Ventures. iProcure operates in a competitive market with competitors including Superplum, FoodLogiQ, Aanika, Agridex and Ucrop.it, among others.
- Headquarter Nairobi, Kenya
- Founders Nicole Galletta
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Sectors
Agriculture
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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
$9.95 M (USD)
in 5 rounds
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Latest Funding Round
$1.2 M (USD), Debt – Conventional
Aug 18, 2022
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Investors
Safaricom
& 4 more
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Employee Count
Employee Count
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Funding Insights of iProcure
iProcure has successfully raised a total of $9.95M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.2 million completed in August 2022. 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 5
- Last Round Debt – Conventional — $1.2M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Debt – Conventional - iProcure | Valuation |
investors |
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| Aug, 2022 | Amount | Series B - iProcure | Valuation | Investisseurs & Partenaires | |
| Mar, 2022 | Amount | Debt – Conventional - iProcure | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 iProcure
iProcure has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Safaricom, British International Investment and Novastar 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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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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IETP is focused on impact investment in African SMEs.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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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 iProcure
| 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 - iProcure
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Iprocure Comparisons
Competitors of iProcure
iProcure 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 Superplum, FoodLogiQ, Aanika, Agridex and Ucrop.it, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Superplum is engaged in supplying high-quality, safe-to-eat fresh fruits.
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| domain | founded_year | HQ Location |
Provider of food traceability and safety solutions for food service chains
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| domain | founded_year | HQ Location |
Traceability solutions for agricultural products are provided using microbial-based tags.
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| domain | founded_year | HQ Location |
SaaS and blockchain-based supply chain platform is provided for agriculture.
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| domain | founded_year | HQ Location |
Blockchain-enabled traceability solutions for crop management are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Iprocure
Frequently Asked Questions about iProcure
When was iProcure founded?
iProcure was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is iProcure located?
iProcure is headquartered in Nairobi, Kenya.
Who is the current CEO of iProcure?
Paul Maira is the current CEO of iProcure.
Is iProcure a funded company?
iProcure is a funded company, having raised a total of $9.95M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $445.43K, raised on Jun 01, 2017.
What does iProcure do?
iProcure was founded in 2013 in Nairobi, Kenya, as a provider of data-driven tools for the agriculture sector. Supply chain management software is delivered to connect farmers and producers with transportation and warehousing services. Visibility is granted over demand, market share, pricing, and product tracking. Supply and demand data are aggregated, with analytics performed to generate insights on market dynamics and sale point pricing.
Who are the top competitors of iProcure?
Who are iProcure's investors?
iProcure has 5 investors. Key investors include Safaricom, British International Investment, Novastar Ventures, IETP, and Ceniarth.
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