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, with a particular focus on Uganda. Established in 2006, the firm typically invests between $0.25 million and $2.5 million per company, utilizing a mix of equity, quasi-equity, and debt instruments. Pearl Capital Partners aims to generate financial returns for its investors while fostering significant social impact through its investment activities. The firm collaborates closely with ambitious management teams, providing supportive investment structures and specialized expertise to help cultivate high-growth agribusinesses. Additionally, Pearl Capital Partners has offices in Nairobi, Kenya, and Mauritius, further enhancing its regional presence.

Wiem Abdeljaouad Bernet

Investment Manager

Edward Isingoma Matsiko

Managing Partner and Chief Financial Officer

Wanjohi Ndagu

Partner and Investment Director

Anne Ngugi

Investment Manager

David Wangolo

Investment Manager

17 past transactions

NASECO

Private Equity Round in 2020
NASECO (1996) Ltd. engages in the production of upland rice, cowpea, and maize seeds. The company offers soybean, sorghum, ground nut, finger and pearl millet, bush bean, sunflower, and sesame seeds. It markets its products to non-governmental organizations in Uganda and internationally, as well as distributes its products to wholesale and retail distributors in Uganda. The company was founded in 1996 and is based in Kampala, Uganda.

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 Limited

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 engages in producing, processing, and distributing seeds and planting materials to the farming community in Kenya and the East and Central Africa region. It offers maize (corn) seeds and vegetables seeds; drought tolerant crops seeds, including field beans, cow peas, pigeon peas, green grams, sorghum seeds, finger millets, and cassava; tree seeds; and agrochemicals that include plant growth regulators, fertilizers, and plant protection products. The company sells its products through a network of distributors and stockists; and agricultural shows and exhibitions, and major farmers field days. Freshco Kenya Limited was founded in 2000 and is headquartered in Nairobi, Kenya with an additional office in Nakuru.

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 Limited

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, based in Kitale, Kenya, is dedicated to enhancing agricultural productivity among smallholder farmers in East Africa. Founded in 1986, the company specializes in the production of seed varieties specifically designed to resist diseases such as maize streak virus and grey leaf spot, as well as to withstand drought conditions. Its product offerings include maize hybrids, open-pollinated maize varieties, sorghum, millets, beans, and peas. By leveraging its hybrid seed varieties, Western Seed enables farmers to significantly increase crop yields, thus improving their income. Over the past two growing seasons, the company has reached over 300,000 farmers, with a goal to impact 800,000 households, benefiting more than 4 million people by 2014.

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, based in Kitale, Kenya, is dedicated to enhancing agricultural productivity among smallholder farmers in East Africa. Founded in 1986, the company specializes in the production of seed varieties specifically designed to resist diseases such as maize streak virus and grey leaf spot, as well as to withstand drought conditions. Its product offerings include maize hybrids, open-pollinated maize varieties, sorghum, millets, beans, and peas. By leveraging its hybrid seed varieties, Western Seed enables farmers to significantly increase crop yields, thus improving their income. Over the past two growing seasons, the company has reached over 300,000 farmers, with a goal to impact 800,000 households, benefiting more than 4 million people by 2014.