Pearl Capital Partners

Pearl Capital Partners is a venture capital firm based in Kampala, Uganda, specializing in investments in small and medium-sized agricultural businesses in East Africa, particularly in Uganda. Founded in 2005, the firm typically invests between $0.25 million and $2.5 million per company through a combination of equity, quasi-equity, equity-related, and debt investments. Pearl Capital Partners aims to generate financial returns for its investors while creating significant social impact through its investments. The firm leverages its expertise and supportive investment structures to collaborate with ambitious management teams, fostering the growth of high-potential agribusinesses in the region. In addition to its headquarters in Uganda, Pearl Capital Partners has offices in Nairobi, Kenya, and Mauritius.

18 past transactions

Amfri Farms

Venture Round in 2021
Operator of fruits and vegetable farmlands intended to reignite a sacred concern for nature. The company specializes in the production, processing and export of fresh, dry and frozen organic fruits, vegetables, herbs and spices, enabling communities to experience bio-dynamic production and cattle farming.

NASECO

Private Equity Round in 2020
NASECO (1996) Ltd. is a prominent seed company based in Kampala, Uganda, specializing in the production and trading of various agricultural seeds. Founded in 1996, the company primarily focuses on upland rice, cowpea, and maize seeds, while also offering a diverse range of products including soybean, sorghum, groundnut, finger millet, pearl millet, bush bean, sunflower, and sesame seeds. NASECO markets its seeds to non-governmental organizations both within Uganda and internationally, and distributes its products through wholesale and retail channels across the country. With operations in regions like Hoima district and a notable presence in Northern Uganda, Southern Sudan, and Eastern Congo, NASECO plays a significant role in enhancing agricultural productivity in the region.

Raintree Farms

Private Equity Round in 2019
Raintree Farms, Ltd. engages in growing and processing of Moringa Oleifera crops. It provides Moringa Oleifera Powder. The company also offers programs, such as Secured Income Program and Moringa Cultivation Boot Camp for farmers. Raintree Farms, Ltd. was founded in 2015 and is based in Masindi, Uganda.

Meru Greens Horticulture

Private Equity Round in 2014
Meru Greens Horticulture Ltd. is a prominent producer and marketer of a wide variety of fruits and vegetables in Kenya and on the international stage. Established in 1996 and headquartered in Meru, Kenya, the company offers an extensive selection of fruits, including pawpaw, oranges, watermelons, yellow passion fruits, tomatoes, tree tomatoes, lemons, avocados, mangoes, apple mangoes, sweet and regular bananas. Its vegetable range encompasses fine beans, sugar snaps, snow peas, baby corn, French beans, both red and yellow peppers, sweet potatoes, pumpkins, red and white onions, green pepper, cassava, butternuts, and arrow roots, among other products. Through its diverse offerings, Meru Greens contributes significantly to the agricultural sector and food supply both locally and abroad.

Eldoville Dairies

Private Equity Round in 2014
Eldoville Farm is a small family owned enterprise located 15 km from the city center that specializes in the production of dairy products. Formally established in June 1985, the farm comprises of a zero grazing unit with a substantial herd of cows and a fodder growing area as well as areas for household vegetables and other farm produce. Having started by producing two litres of cream every day for Hotel Intercontinental , Lucy Karuga, the Managing Director of Eldoville Farm has built her operation into a formal, commercial-level dairy.

KK Foods

Private Equity Round in 2014
KK Fresh Produce Exporters Limited is a Ugandan based company whose primary business is the export of locally produced fresh vegetables and fruits to the European market. Its main exports produce are fresh chillies, hot pepper, ground nuts, bananas, okra, egg plants and which it freights to its wholesale clients in Europe. The business sources its fresh fruits and vegetables from smallholder farmers in central and western Uganda.

Freshco

Debt Financing in 2013
Freshco Kenya Limited, founded in 2000 and headquartered in Nairobi, specializes in producing, processing, and distributing high-quality seeds and planting materials primarily to the farming community in Kenya and the East and Central Africa region. The company offers a diverse range of products, including maize and vegetable seeds, drought-tolerant crop seeds such as field beans, cowpeas, and sorghum, as well as tree seeds and agrochemicals like fertilizers and plant protection products. Freshco sources its germplasm from reputable institutions, including the Kenya Agricultural Research Institute and the International Centre for Maize and Wheat Improvement, ensuring high-quality inputs for farmers. The company markets its products through a network of distributors, stockists, and participation in agricultural shows and field days, aiming to support small-scale farmers in enhancing their agricultural productivity.

Midlands Limited

Private Equity Round in 2013
Midlands Limited is a food processing firm. The company deals in the processing and packaging of potato products including potato crisps and chips.

Alemayehu Makonnen Farm

Private Equity Round in 2012
Alemayehu Makonnen Farm specializing in the production and marketing of grain seed especially seed maize, both hybrid and open pollinated varieties (OPV’s) as well as other non grain crops such as wheat and teff.

Dengo Commercial Lda.

Venture Round in 2012
Dengo Commercial Lda is a seed business located in Chimoio, in the Manica province of Mozambique, near the border with Zimbabwe. With a nascent seed sector and a growing population amidst changing climate patterns in Mozambique and the region in general, Dengo is poised to become one of the leading private seed companies in Mozambique to spin the growth of the sector and contribute to the improvement in the incomes of rural smallholder farmers and general food security.

Highland Seed Growers

Private Equity Round in 2012
Highland Seed Growers Limited specializes in the production, processing, and distribution of various crop seeds to farmers in Tanzania. Established in 2000 and headquartered in Mbeya, with a branch office in Arusha, the company utilizes a network of stockists and collaborates with both private and public agricultural institutions. Highland Seed Growers focuses on delivering hybrid and open-pollinated maize seed varieties, thereby supporting local farmers in enhancing their agricultural practices. Additionally, the company engages in research and development activities alongside public agricultural research institutes, aiming to accelerate the introduction of innovative technologies that can benefit rural farming communities.

Wilmar Flowers

Debt Financing in 2012
Wilmar Flowers Ltd was incorporated in 1995 to export summer flowers grown by small and medium sized farmers from Kenya. We are located in Thika town at Munene Industries. Wilmar produces flowers through engaging small and medium farmers who are in groups of eight to twenty in numbers. However, there are groups with more members. The company has engaged more than 4,000 farmers in the past who have produced in different seasons.

Dryland Seed

Private Equity Round in 2011
Dryland Seeds Limited was founded in 2004 by the Managing Director Mr. Ngila Kimotho. DSL specialises in production, processing and dissemination of drought tolerant seed crop varieties. DSL distributes the seed through Agro-dealers to give access to farmers in low and medium altitude ASAL areas of Africa. DSL is committed to providing suitable quality seed and service to farmers.

Funwe Farm Limited

Private Equity Round in 2011
Funwe Farm Limited produces, promotes, and distributes hybrid and Open Pollinated Varieties (OPV) maize and legume seeds. Funwe Farm Limited owns two farms, Funwe and Mitongwe. The company also buys seeds from out growers. Funwe Farm Limited sells its products through the Agricultural Inputs Subsidy Scheme to smallholders in Malawi. Funwe Farm Limited was founded in 2001 and is based in Blantyre, Malawi.

Western Seed

Venture Round in 2010
Western Seed Company Limited is a seed producer based in Kitale, Kenya, specializing in the development and distribution of high-quality seed varieties. Established in 1986, the company focuses on addressing agricultural challenges faced by smallholder farmers, particularly in enhancing maize productivity. It offers a range of products, including hybrid maize seeds, open-pollinated maize varieties, sorghum, millets, beans, and peas, all designed to resist common agricultural threats such as maize streak virus and drought. In recent years, Western Seed has made significant strides in reaching a large number of farmers, with the goal of impacting over 800,000 households by 2014. The company aims to improve crop yields and farmers' incomes through its innovative seed technologies and comprehensive research and breeding programs.

Western Seed

Venture Round in 2010
Western Seed Company Limited is a seed producer based in Kitale, Kenya, specializing in the development and distribution of high-quality seed varieties. Established in 1986, the company focuses on addressing agricultural challenges faced by smallholder farmers, particularly in enhancing maize productivity. It offers a range of products, including hybrid maize seeds, open-pollinated maize varieties, sorghum, millets, beans, and peas, all designed to resist common agricultural threats such as maize streak virus and drought. In recent years, Western Seed has made significant strides in reaching a large number of farmers, with the goal of impacting over 800,000 households by 2014. The company aims to improve crop yields and farmers' incomes through its innovative seed technologies and comprehensive research and breeding programs.

Seed-Tech Co.

Private Equity Round in 2010
Seed-tech is a Malawian business founded in 2009. It buys in and processes hybrid maize and legume seed for sale through the Agricultural Inputs Subsidy Scheme. In 2013, the business expects to process and market 500 MT of seed. The business contracts commercial and smallholder outgrowers to produce its seed, thereby increasing income in the local community.

Western Seed

Private Equity Round in 2007
Western Seed Company Limited is a seed producer based in Kitale, Kenya, specializing in the development and distribution of high-quality seed varieties. Established in 1986, the company focuses on addressing agricultural challenges faced by smallholder farmers, particularly in enhancing maize productivity. It offers a range of products, including hybrid maize seeds, open-pollinated maize varieties, sorghum, millets, beans, and peas, all designed to resist common agricultural threats such as maize streak virus and drought. In recent years, Western Seed has made significant strides in reaching a large number of farmers, with the goal of impacting over 800,000 households by 2014. The company aims to improve crop yields and farmers' incomes through its innovative seed technologies and comprehensive research and breeding programs.
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