iProcure
OperatingiProcure is the largest agricultural supply chain platform in rural Africa.
- Agriculture
- Nairobi, Kenya
- Grant
- Founded 2013
- iprocu.re ↗
- Total raised
- $15.1M
- disclosed
- Last round
- $175K
- Grant
- Rounds
- 8
- since 2013
- Investors
- 8
- on record
- Employees
- 51-200
About iProcure
iProcure is a Nairobi-based start-up working to optimize the agriculture input supply chain in rural Kenya. iProcure’s web and mobile technology solution improves agriculture retailers’ operations. It lets them manage ordering based on inventory, point of sale activities, and client profiles along with geo-located purchasing patterns, real-time agent performance and transaction analysis, and built-in mobile payments. As a result, retailers can better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.
iProcure funding8 rounds
All 8 rounds →iProcure has raised $15.1M across 8 disclosed rounds. The latest is a $175K Grant announced 12 Jan 2024.
- $100KVentureVenture, $100K, $100K raised to date
- $4.5MVentureVenture, $4.5M, $4.6M raised to date
- $9MSeries BSeries B, $9M, $13.6M raised to date
- $1.2MDebt FinancingDebt Financing, $1.2M, $14.8M raised to date
- $120KGrantGrant, $120K, $14.9M raised to date
- $175KGrantGrant, $175K, $15.1M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in iProcure
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 12 Jan 2024 | iProcure Grant | Spark Accelerator | $175K |
| 03 Apr 2023 | iProcure Grant | USAID East Africa Trade and Investment Hub | $120K |
| 26 Jan 2023 | iProcure Debt Financing | Not disclosed | Not disclosed |
| 18 Aug 2022 | iProcure Debt Financing | Investisseurs & Partenaires | $1.2M |
| 18 Aug 2022 | iProcure Series B | Investisseurs & Partenaires +3 | $9M |
| 19 May 2019 | iProcure Venture | Novastar Ventures | $4.5M |
| 07 Sep 2017 | iProcure Venture | Safaricom | $100K |
| 23 Jun 2014 | iProcure Venture | Invested Development | Not disclosed |
iProcure founders & team
Full team →- Nicole GallettaCo-Founder
- Stefano CarcoforoManaging Director
- Patrick WanjohiCTO
iProcure competitorssame sector · similar funding
More Agriculture startups in Kenya
- ifarm360
Ifarm360 is a digital crowd farming platform that links smallholder farmers with crowd investors across the world. · Kenya
- agriBORA
agriBORA is a Kenyan agri-fintech transforming agriculture by merging digital tools, financial access, and market connectivity. · Kenya
- GenePlus Global Limited
GenePlus is a Nairobi-based agricultural biotechnology company founded in 2017 by Dr. Chris Silali · Kenya
- Lofte Kesho
Imfuyo (formerly known as Lofte Kesho) is an Agri fintech enabling livestock collateral for Kenyan farmers · Kenya
- Ecorich Solutions
Ecorich Solutions is a Kenyan AgTech startup which develops organic composting solution. · Kenya
- Twiga Foods
Twiga Foods is a business-to-business marketplace platform that sources produce directly from farmers and delivers it to urban retailers. · Kenya
Frequently asked about iProcure
- Where is iProcure based and when was it founded?
- iProcure is headquartered in Nairobi, Kenya and was founded in 2013.
- Who founded iProcure?
- iProcure was founded by Nicole Galletta (Co-Founder).
- How much funding has iProcure raised?
- iProcure has raised $15M across 8 disclosed rounds. Its latest, a $175K Grant, was announced on Jan 12, 2024.
- Who has invested in iProcure?
- Backers include Spark Accelerator, USAID East Africa Trade and Investment Hub, Investisseurs & Partenaires, British International Investment and 4 others.
- What sector is iProcure in?
- iProcure operates in Agriculture, Retail and Supply Chain Management.
