Pearl Capital Partners

Pearl Capital Partners is a venture capital firm based in Kampala, Uganda, with additional offices in Nairobi, Kenya, and Mauritius. Established in 2005, the firm specializes in investing in small and medium-sized agribusinesses in East Africa, particularly focusing on Uganda. Pearl Capital Partners typically invests between $0.25 million and $2.5 million per company, utilizing a mix of equity, quasi-equity, equity-related, and debt investments. The firm aims to generate financial returns while fostering significant social impact by collaborating with ambitious management teams and employing supportive investment structures and specialized expertise to cultivate high-growth agribusinesses.

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
Wilmar Flowers Limited is a Kenyan company based in Thika, specializing in the export of summer flowers. Established in 1995, it collaborates with small and medium-sized farmers across Kenya, engaging groups ranging from eight to twenty members, although some groups may have more participants. The company has worked with over 4,000 farmers who produce flowers during various seasons. Wilmar Flowers focuses on cultivating a variety of summer flowers, including ornithogalum thyroides, ornithogalum saundersiae, mobydick asclepias sp., craspedia globosa, cyperus papyrus, ammi visnaga (both white and green), eryngium planum, rudbeckia (echinacea purpurea), polianthes tuberose (tuberose), and scabiosa stellata. These flowers are primarily exported to European and US markets, ensuring customers have access to fresh blooms at competitive prices.

Dryland Seed

Private Equity Round in 2011
Dryland Seed Limited, established in 2004 and headquartered in Machakos, Kenya, specializes in the production and sale of crop seeds specifically designed for dry land conditions. The company offers a variety of seeds, including maize, beans, cowpeas, pigeon peas, sorghum, and green grams, focusing on drought-tolerant varieties that enhance agricultural output in low and medium altitude arid and semi-arid lands in Africa. Dryland Seed is dedicated to improving access to quality seeds and services for farmers through distribution via agro-dealers. Its commitment to adapting crops for drought-prone areas aims to enable cultivators to grow produce with minimal reliance on irrigation.

Western Seed Company

Venture Round in 2010
Western Seed Company Limited is a Kenya-based agricultural firm that focuses on the production of high-quality seed varieties to enhance crop yields for smallholder farmers. Established in 1986 and headquartered in Kitale, the company specializes in hybrid maize seeds, bean seeds, and other crops such as sorghum, millets, and peas. Its seed varieties are engineered to resist common agricultural challenges, including maize streak virus, grey leaf spot, and drought. By implementing advanced breeding and research techniques, Western Seed aims to significantly improve agricultural productivity, allowing farmers to potentially double their crop yields and increase their incomes. Over the last few years, the company has reached hundreds of thousands of farmers and continues to work towards impacting millions of households in East Africa.

Western Seed Company

Private Equity Round in 2007
Western Seed Company Limited is a Kenya-based agricultural firm that focuses on the production of high-quality seed varieties to enhance crop yields for smallholder farmers. Established in 1986 and headquartered in Kitale, the company specializes in hybrid maize seeds, bean seeds, and other crops such as sorghum, millets, and peas. Its seed varieties are engineered to resist common agricultural challenges, including maize streak virus, grey leaf spot, and drought. By implementing advanced breeding and research techniques, Western Seed aims to significantly improve agricultural productivity, allowing farmers to potentially double their crop yields and increase their incomes. Over the last few years, the company has reached hundreds of thousands of farmers and continues to work towards impacting millions of households in East Africa.
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