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?

Please follow, like and share:

Leave a Reply

Your email address will not be published.

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from - Youtube
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Consent to display content from - Spotify
Sound Cloud
Consent to display content from - Sound