Aluko & Oyebode is pleased to have advised Goodwell Investments (“Goodwell”) on its participation in Tomato Jos’ €3.9 million Series A round funding. Goodwell, via its West Africa partner Alitheia Capital, led the round with participation from Acumen Capital Partners and VestedWorld.
Tomato Jos, a leading agricultural production company, was founded in 2014 with a vision to make tomato production sustainable and profitable for smallholder farmers in Nigeria. The combined €3.9 million Series A funding is aimed at enabling Tomato Jos to expand its business to include the processing and distribution of tomato products, as well as to fund the installation of a drip irrigation system and a $5 million processing plant in Kaduna.
The Aluko & Oyebode transaction team was led by Ayodeji Oyetunde, with other team members being Diepiriye Anga, Abisola Akinyemi and Adesuwa Giwa-Osagie.