Investment firm Goodwell unveils US$60m feeder fund to support high growth SMEs in Africa

AFRICA – Goodwell investments, an Impact investment firm, is set to allocate follow-on funding to existing companies in its portfolio, operating in the food, agriculture, ecommerce sectors in Africa, among many others. The targeted companies include Good Nature Agro, a Zambian for-profit social enterprise that believes in farmer-centric impact; Tomato Jos, a Nigerian agro-processing company focused on the local production of high-quality tomato paste; Copia, one of Africa’s most promising ecommerce businesses based in Kenya; and Nomanini, a South Africa headquartered fintech platform that connects financial service providers and fast-moving…

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Mozambique’s Chicoa Fish Farm clinches US$1.5m in Series A funding round led by Goodwell

MOZAMBIQUE – Chicoa Fish Farm, the largest commercial provider of fish in Mozambique has closed its Series A equity funding round totalling US$1.5 million from Goodwell Investments. The vertically integrated aquaculture business, is focused on securing its supply chain through primary production of tilapia, runs a breeding program, and develops fish sales and distribution channels in Mozambique, Malawi, South Africa, and Zambia. According to a report by Tech Moran, Chicoa will utilize the new funding to transition to the next stage of growth i.e. processing and distribution of frozen tilapia…

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Zambian agribusiness company Good Nature Agro clinches US$2.1m in Series A funding round

ZAMBIA – Good Nature Agro (GNA), a Zambian social enterprise with focus in the legume value chain has raised US$2.1 million in a Series A equity funding round led by Goodwell Investments. The funding round also saw participation of existing seed investors Global Partnerships and FINCA Ventures. GNA partners with smallholder farmers to improve their productivity through soil-enriching legume farming and links them to high-value legume markets to move farmers firmly into the middle class. “We believe that every farm – regardless of size – deserves a partner who sees…

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Nigerian agro-processing startup clinches US$4.2m funding in series A round led by Goodwell Investments

NIGERIA – Tomato Jos, Nigerian agro-processing company focused on the local production of high-quality tomato paste, has completed a EUR 3.9 million (US$4.2m) Series A funding round led by Goodwell Investments, via its West Africa partner Alitheia Capital with participation from Acumen Capital Partners and VestedWorld. Tomato Jos was founded by Mira Mehta in 2014 with the vision to create and retain local value-add to the tomato value chain, reduce post-harvest losses, and improve the lives of smallholder farmers. Since its inception, Tomato Jos has focused on securing its supply…

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