Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5 million in a seed funding round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult, to expand across Africa and deliver new solutions that will make it easier to insure perishable goods on the continent. The company has also rebranded as ‘Figorr’, signalling its new focus on software solutions.
Figorr develops IoT-powered solutions that complement existing infrastructure and assets to reduce or eliminate losses associated with the transportation and storage of temperature sensitive and perishable goods in Africa. The company’s solutions provide real time data on location, humidity, temperature and other key data points, enabling businesses and other stakeholders in agriculture, healthcare, logistics and other sectors across Africa to maximise the value of perishable and…
