Internet of Things Startup, Figorr, secures $1.5m support

Oghenetega Iortim has raised $1.5 million from various investors to financially support his tech startup, Figorr, formerly known as Gricd.

Iortim’s company raised the capital as a form of investment from Atlantica Ventures, Vested World, Jaza Rift and Katapult during a seed funding round, a statement sent on Monday disclosed.

Figorr helps eliminate losses associated with the transportation and storage of temperature-sensitive and perishable goods in Africa such as vaccines, insulin and food.

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