Gricd rebrands as Figorr: Revolutionizing Last Mile Delivery and Securing Seed Funding
We are very excited to announce our portfolio company Gricd, has undergone a brand revamp and is currently known as “Figorr”. This rebrand represents an exciting new chapter for the company and expands its offerings in the aspect of last mile delivery. Figorr is a cold-chain technology company that manufactures real time data loggers and enterprise monitoring software, intended to keep temperature-sensitive items, such as vaccines, regulated during transportation and storage.
Figorr has just secured $1.5 million in seed funding with Atlantica Ventures leading the round. This funding round saw participation from other esteemed investors such as Katapult VC, Jaza Rift Ventures and Vested world.
This funding round marks a significant milestone for the company as it expands across Africa and delivers new solutions that would make it easier to insure perishable goods on the continent.
“When I started the business, it was largely supposed to solve an agriculture problem, but now we’re doing so much beyond the agricultural space. We work with multiple sectors, including agriculture, healthcare, and logistics. We also recognize that our real superpower is data, which is why we went with Figorr (pronounced as figure).” Says OgheneTega Iortim, CEO of Figorr.
Under the leadership of CEO Oghenetega Iortim, Figorr is utilizing its innovative hardware device called MOTE, which is about the size of a pack of cards. MOTE transmits real-time data on location, humidity, and temperature of sensitive products to the cloud and customers. This allows businesses to monitor and safeguard their perishable goods effectively.
Figorr’s innovative solutions now extends to industries such as health care and logistics. This expansion allows them to cater to the unique needs of multiple sectors.
We sincerely congratulate Figorr on their remarkable milestone and their successful funding round. We continue to support them on their journey as they continue to make strides in the field of last-mile delivery and software solutions.
