Pearl Capital Partners

Pearl Capital Partners is a venture capital firm investing in small and medium-sized agribusinesses in East Africa, with a focus on Uganda. Founded in 2005, the company invests between $0.25 million to $2.5 million per company using a combination of equity, quasi-equity, equity-related, and debt investments.

David Wangolo

Investment Director

Past deals in Kenya

Meru Greens Horticulture

Private Equity Round in 2014
Meru Greens Horticulture Ltd. is a Kenyan company engaged in the production and marketing of a diverse range of fruits and vegetables, both locally and internationally. Established in 1996 and headquartered in Meru, the company offers an extensive selection of fruits, including pawpaw, oranges, watermelons, yellow passion fruits, various types of tomatoes, lemons, avocados, mangoes, and sweet bananas. Its vegetable offerings encompass fine beans, sugar snaps, snow peas, baby corn, French beans, red and yellow peppers, sweet potatoes, pumpkins, and a variety of onions and root vegetables. By focusing on quality and sustainability, Meru Greens aims to meet the growing demand for fresh produce in both domestic and global markets.

Freshco Seeds

Debt Financing in 2013
Freshco Seeds, founded in 2000, is a prominent producer and distributor of high-quality seeds and planting materials in Kenya and the East and Central Africa region. Headquartered in Nairobi, the company focuses on supplying a variety of seeds, including maize, vegetable seeds, drought-tolerant crops, and tree seeds, catering primarily to small-scale farmers. Freshco Seeds collaborates with reputable organizations such as the Kenya Agricultural Research Institute and the International Centre for Maize and Wheat Improvement to source its germplasm, ensuring the quality and reliability of its products. The company also operates a seedling nursery, further enhancing its capacity to meet the agricultural needs of the farming community. As a member of the Seed Trade Association of Kenya, Freshco Seeds is committed to supporting local agriculture and contributing to food security in the region.

Wilmar Flowers

Debt Financing in 2012
Founded in 1995, Wilmar Flowers is based in Thika, Kenya. It specializes in exporting summer flowers such as ornithogalum thyroides, ornithogalum saundersiae, and craspedia globosa, among others. The company works with small and medium-sized farmers to produce these flowers.

Dryland Seed

Private Equity Round in 2011
Dryland Seed is a Kenya-based agricultural seed company focused on drought-tolerant crops for dryland conditions. Founded in 2004 and based in Machakos, it produces and sells seeds including maize, beans, cowpeas, pigeon peas, sorghum, and green grams. The company specializes in production, processing, and dissemination of drought-adapted seed varieties and distributes through agro-dealers to farmers in arid and semi-arid lands across Africa, aiming to provide quality seed and reliable service to farmers and enable cultivation in low-irrigation environments.

Western Seed Company

Venture Round in 2010
Established in Kenya since 1986, Western Seed Company specializes in developing and distributing high-quality seed varieties. Its primary focus is on maize hybrids resistant to diseases like streak virus and grey leaf spot, as well as drought-tolerant varieties. The company also offers open-pollinated maize varieties, sorghum, millets, beans, and peas.

Western Seed Company

Private Equity Round in 2007
Established in Kenya since 1986, Western Seed Company specializes in developing and distributing high-quality seed varieties. Its primary focus is on maize hybrids resistant to diseases like streak virus and grey leaf spot, as well as drought-tolerant varieties. The company also offers open-pollinated maize varieties, sorghum, millets, beans, and peas.
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