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3 Latest Announced Rounds

  • $3,500,000
    Seed

    1 Investors

    Technology, Information and Internet
    Dec 20th, 2024
  • $5,619,170
    Series B

    1 Investors

    Research Services
    Dec 20th, 2024
  • $8,000,000
    Unknown

    5 Investors

    Computer & Network Security
    Dec 20th, 2024
$671.88M Raised in 44 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Figorr (Formerly Gricd)

start up
Nigeria - Lagos
  • 15/05/2023
  • Seed
  • $1,500,000

In Africa, 52% of children hospitalized with severe and life-threatening anemia who are not able to receive a blood transfusion immediately die by 8 hours with 90% of these deaths occurring within 2.5 hours of hospital admission (ICCARE). Only 4% of children who received a transfusion within 8 hours die, emphasizing the importance of the availability of blood transfusion as a life-saving intervention

The most common cause of maternal deaths in Africa is severe bleeding, which contributes to over 40% of maternal deaths. It has been estimated that a quarter of these women die because of blood shortages due to the unavailability of the cold chain.

The lack of reliable cold storage and inefficient cold chain management results in high waste rates and poor immunization coverage (MSF, 2014). WHO (2014) reports that in 2011, more than 2.8 million doses of vaccines were lost due to cold chain disruptions in five countries, and various studies pointed out the risk of vaccine freezing. Vaccines that are exposed to too hot or too cold temperatures may not only lose their effectiveness but also prove deadly to the vulnerable populations they are intended to protect


Gricd aims to play a part in bridging the gaps in the healthcare cold chain in Sub-Saharan Africa.
To this effect Gricd was setup with majorly two (2) objectives;

1. To build innovative, affordable cold chain solutions for storage and transportation by embedding technology with already available social science solutions to enhance the efficiency of the solution.
2. To educate individuals in the relevant industries about modern and standardized cold chain practices.


Related People

Oghenetega IortimFounder

Oghenetega Iortim Nigeria - Lagos State

An unyielding knack for solving problems has led my steps to a number of great discoveries, a few of which paved the way for the innovative products we are building at Gricd Integrated Services.

I am an impact-driven entrepreneur with a passion for using technology to solve major Pharmaceutical, general Healthcare and Agricultural challenges in Africa.

Over the years I have managed multiple development projects across diverse sectors, implementing technology that drives positive change not only in Nigeria but Africa at large.

one of my proudest moments was birthing my startup, Gricd.

As the CoFounder/CEO of Gricd, a company dedicated to building technologies that enable efficient storage and last mile delivery of temperature-sensitive medications and agricultural produce, I have been able to help breach the gap between temperature-sensitive goods in various sectors (health, agro, and pharmaceutical) and distance.

I am still changing the narrative one destination at a time.