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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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People of iProcure
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in multiple sectors
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IETP is focused on impact investment in African SMEs.
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Government agency focused on small and medium-sized businesses
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Investor details for iProcure
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Investments & Acquisitions by iProcure
Investment portfolio details for iProcure
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Financial Statements - iProcure
Detailed financials for iProcure
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Iprocure Comparisons
Peer comparison for iProcure
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Superplum is engaged in supplying high-quality, safe-to-eat fresh fruits.
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Provider of food traceability and safety solutions for food service chains
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Traceability solutions for agricultural products are provided using microbial-based tags.
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SaaS and blockchain-based supply chain platform is provided for agriculture.
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Blockchain-enabled traceability solutions for crop management are offered.
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Detailed competitors of iProcure
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Latest news on Iprocure
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Frequently Asked Questions about iProcure
iProcure was founded in 2013 and raised its 1st funding round 4 years after it was founded.
iProcure is headquartered in Nairobi, Kenya.
Paul Maira is the current CEO of iProcure.
iProcure is a funded company, having raised a total of $9.95M across 5 funding rounds to date.
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.
iProcure has 5 investors. Key investors include Safaricom, British International Investment, Novastar Ventures, IETP, and Ceniarth.