Figorr founder Oghenetega Iortim steps down as CEO as Envir Fraser takes over

Oghenetega Iortim, founder of Figorr, has stepped down as CEO, with Envir Fraser taking over the role, according to a statement shared with Condia.

“Figorr (formerly Gricd) is pleased to announce the completion of a planned leadership transition that commenced with Board approval in December 2025 and concluded at the end of June 2026,” reads the statement. “As part of this transition, Oghenetega David Iortim (“Tega”), Founder and Chief Executive Officer of Figorr, has stepped down from his executive responsibilities but remains a director of the company. The role and responsibilities of Chief Executive Officer have been taken over by Envir Fraser (“Envir”) following the transition period.”

Tega founded Figorr (formerly Gricd) in 2017 to provide cold storage solutions for Africa’s agricultural sector. With more than $5 billion worth of produce lost to post-harvest losses each year, the company positioned itself to tap into a pretty obvious gap.

By 2020, however, Figorr had pivoted to portable cold storage. That pivot opened the door to a much bigger opportunity.

In 2023, the company rebranded from Gricd to Figorr, after raising a $1.5 million seed from investors, including Atlantica Ventures, VestedWorld, Katapult, and Jaza Rift. “We’re a data company, really. If you look at what we do, we provide data to companies to help them to pre-empt and prevent losses,” Tega said. The company’s Gricd Mote IoT device allowed it to collect data and monitor conditions in real time, helping it expand beyond agriculture into healthcare and logistics.

Under his leadership, Figorr established strategic partnerships with organizations and institutions including Gavi (United Nations Global Vaccine Alliance), the National Primary Health Care Development Agency (NPHCDA) of Nigeria, NAFDAC, leading pharmaceutical distributors, healthcare providers, and agricultural businesses.

That broader positioning appears to have paid off.

Figorr has since expanded beyond Nigeria into Kenya, Tanzania, South Africa, and Ethiopia. Today, healthcare and agricultural supply chains have deployed Figorr’s technology. They also use it to monitor products exported to more than 70 countries worldwide, providing critical visibility, compliance assurance, and quality protection throughout the distribution journey.

Tega’s successor, Envir, brings with him more than 20 years of experience in the African information and communications industry. He previously spent 18 years at Convergence Partners, an ICT private equity firm, where he held roles including chief strategy officer and head of research, policy, and regulation.

Iortim’s move to the board marks a new phase for the company, with Fraser now taking the reins “as he leads Figorr and accelerates the company’s next phase of growth through innovation and market expansion.”