Tomato Jos has successfully secured EUR 3.9 million in Series A funding to enhance its agro-processing operations and improve the livelihoods of smallholder farmers in Nigeria.
Information on the Target
Tomato Jos is an agro-processing company based in Kaduna, Nigeria, established in 2014 by Mira Mehta. The company focuses on the local production of high-quality tomato paste tailored for the African market. Priority has been given to enhancing the local tomato value chain, reducing post-harvest losses, and improving the livelihoods of smallholder farmers. With recent Series A funding of EUR 3.9 million, Tomato Jos aims to expand its operations into processing and distribution, thereby increasing the sustainability and stability of food supply in Nigeria.
Since its inception, Tomato Jos has worked diligently on securing its supply chain through primary production. The latest funding will allow the company to install a drip irrigation system and establish a processing plant capable of producing 24 tons of finished product per day. At full scale, it plans to engage thousands of smallholder farmers over more than 2,600 hectares of land, injecting over $1 million annually into the local economy.
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Industry Overview in Nigeria
Nigeria stands as the second-largest producer of tomatoes in Africa; however, it grapples with farming inefficiencies that lead to a significant demand-supply gap. This gap positions Nigeria as one of the world's largest importers of tomato paste. The country’s a
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Tomato Jos
in 2020
in a Series A deal
Disclosed details
Transaction Size: $4M