Nigerian cold chain startup Figorr, formerly known as Gricd, offers IoT-powered solutions for businesses in healthcare and agriculture to monitor and track temperature-sensitive products. The company's devices provide real-time data on location, humidity, and temperature, helping entrepreneurs reduce post-harvest losses and increase visibility. Figorr recently raised $1.5 million in a seed funding round led by Atlantica Ventures, and it has expanded its operations outside of Nigeria to countries such as Ethiopia, Ghana, Kenya, South Africa, Tanzania, and Uganda. The startup is also planning to launch a risk management platform that will utilize the collected data to provide tailored insurance products to its customers. With its solutions, Figorr aims to address challenges in sectors such as healthcare and agriculture, where poor storage and monitoring lead to significant losses.

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