Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for the African market, has announced it had completed a €3.9 million Series A round. The round was led by Goodwell Investments, via its West Africa partner Alitheia Capital, with participation from Acumen Capital Partners and VestedWorld.
The company intends to use the funds to expand operations and its business reach.
Tomato Jos, an agricultural production company in Nigeria has begun processing tomato at its $5 million plant in Kaduna State, Nigeria, the company disclosed via its Twitter account. The commencement of the tomato processing is aimed at contributing to the Nigerian economy by helping smallholder farmers grow excellent tomatoes and convert to high-quality tomato paste.