# iProcure

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iprocure

- Industry: Software
- Headquarters: Nairobi, Kenya
- Website: www.iprocu.re
- Total disclosed funding: $9M
- Latest round: Series B (Aug 18, 2022)
- Investors on record: 6

## About

Established in 2013 and based in Kenya, Africa, iProcure Ltd. operates as a provider of end-to-end digital supply chain software. In May 2024, iProcure Ltd. filed for Chapter 7 bankruptcy protection.

The company's agricultural supply chain software enables farmers and product suppliers to track their deliveries, manage orders, and connect with agricultural consumers and retailers, in rural Africa. iProcure’s services include warehousing solutions with strategically located facilities to ensure extensive reach. Their predictive algorithms prevent stock shortages, while their last-mile delivery system guarantees rapid order fulfillment. The company’s platform also enables partners to monitor sales data, analyze market trends, and execute effective loyalty programs.

## Funding rounds

- Series B, Aug 18, 2022, $9M — British International Investment, Novastar Ventures, I&P, Ceniarth, New General Market Partners
- Series B, Jun 1, 2019 — Novastar Ventures, Ceniarth
- Series B, Sep 7, 2017 — Novastar Ventures, Safaricom Foundation

## Investors

- Novastar Ventures (https://capitalatlas.ai/funds/novastar-ventures) — Series B
- Safaricom Foundation — Series B
- Ceniarth — Series B
- British International Investment — Series B
- I&P (https://capitalatlas.ai/funds/i-p) — Series B
- New General Market Partners — Series B