Startup series

The $360 Million Dollar Problem Tomato Jos Is Currently Solving; And for which they just got a $4.2 million series A funding

Nigeria suffers huge tomato wastage caused by poor supply chain management. Despite producing 65% of tomato in west Africa, we are still the 3rd large importers of tomato in Africa

Tomato Jos is an agro-processing venture whose mission is to fill the infrastructural gaps like the inefficiency of cross-country transport system and lack of storage facilities that results to over 45% of harvested tomatoes going to waste in Nigeria.

With operations setup in Nassarawa state, and a staff of over 20 employees, their partnership with farmers to grow excellent tomatoes is to achieve a target capacity of 24 tons of tomato paste daily.

The company recently raised $4.2 million in a Series A round led Goodwell Investments through its West Africa partner – Alitheia Capital; with participation from Acumen Capital Partners and VestedWorld.

Are we likely to see more investors brave this untapped tomato market?

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