Gricd, a technological company that specializes in helping it’s customers preserve the quality of perishable goods, has gotten $1.5 million. This fund was gotten through seed funding organized by Atlantica Ventures with Vested World, Jaza Rift and Katapult all participating in the fundraiser.
The fundraising was aimed at finding solutions to the problem of insurance for perishable goods across Africa and also expand to the nook and cranny of the African continent.
The company has also been rebranded as ‘Figor’ since it will now prioritize software solutions.
Speaking at the fundraiser, the CEO and founder of Figorr, Oghenetega Iortim revealed that the funding will help the company to help its customers deal with the risks that come with perishable goods.
Oghenetega Iortim disclosed that the company was ready to welcome new customers across the continent and also help increase their profits.
Figorr is not new to the business environment of Nigeria. It has partnered with manufacturers of pharmaceutical and food products, helping them transport and store their products effectively.
In his remarks, the founding partner at Atlantica Ventures, said that Figorr and Tega had performed well in their quest to support the quality of perishable goods in Nigeria and Africa. He added that Atlantica Ventures was prepared to be a part of the project.