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 Uganda

Newman Foods

Private Equity Round in 2022
Newman Foods is an agro-processing company based in Kampala that specializes in the manufacture and export of a wide range of fresh agricultural products. The company focuses on producing and marketing branded consumer foods for both local and regional retail markets. Additionally, Newman Foods is engaged in the aggregation and export of fresh fruits and vegetables to the European market. Committed to promoting modern commercial farming, the company advises and encourages local production while advocating for sustainable agricultural practices. Newman Foods also offers packaged food products and processed chili sauces, providing a diverse array of quality snacks to its customers.

Enimiro

Private Equity Round in 2022
Enimiro is an online farming platform based in Kampala, Uganda, designed to connect smallholder farmers with local investors. By utilizing a mobile app, Enimiro enables urban individuals to invest in agriculture, facilitating increased harvests and providing a straightforward way to earn returns on their investments. The company focuses on integrated farming techniques and supply chain transparency, aiming to enhance opportunities for farmers while ensuring that customers receive maximum value. Through its innovative approach, Enimiro seeks to bridge the gap between urban investors and rural agriculture, contributing to the growth of the agricultural sector in Uganda.

Sausage King 3000 Uganda

Venture Round in 2021
Sausage King 3000 Uganda offers fresh and processed beef products to all income groups in Uganda. The company aims to produce quality meat products on the African Continent and to educate consumers about the value of sausages as a nutritious food option. In addition to serving local markets, Sausage King 3000 Uganda also serves international hotels and supermarkets.

Sekajja Agro Farms

Debt Financing in 2021
Sekajja Agro Farms Limited is a poultry farming company based in Kampala, Uganda. The primary focus of the business is the rearing of day-old chicks (DOCs) until they reach maturity, after which the mature birds are distributed as live poultry and processed into dressed chicken for both informal and formal markets. In addition to poultry rearing, Sekajja Agro Farms operates a feed mill to produce animal feed, an abattoir for processing chickens, and a cold chain to ensure proper storage and distribution. The company also has branded retail outlets to facilitate the sale of its products.

Sekajja Agro Farms

Private Equity Round in 2021
Sekajja Agro Farms Limited is a poultry farming company based in Kampala, Uganda. The primary focus of the business is the rearing of day-old chicks (DOCs) until they reach maturity, after which the mature birds are distributed as live poultry and processed into dressed chicken for both informal and formal markets. In addition to poultry rearing, Sekajja Agro Farms operates a feed mill to produce animal feed, an abattoir for processing chickens, and a cold chain to ensure proper storage and distribution. The company also has branded retail outlets to facilitate the sale of its products.

NASECO

Private Equity Round in 2020
NASECO is one of the largest seed companies operating in Uganda. It is located in Hoima district in Western Uganda and produces and trades in hybrid maize seed. Additional products include rice, groundnuts, sorghum, soya beans, beans and sunflower. Seed is marketed to stockists and numerous NGOs operating in Northern Uganda, Southern Sudan and Eastern Congo.

Raintree Farms

Private Equity Round in 2019
Raintree Farms, Ltd. is an agricultural company based in Masindi, Uganda, specializing in the cultivation and processing of Moringa oleifera crops. Founded in 2015, the company produces Moringa oleifera powder, which serves various markets, including nutrition, beauty, and health, offering premium, organically certified products. In addition to its core operations, Raintree Farms provides programs aimed at supporting farmers, such as the Secured Income Program and the Moringa Cultivation Boot Camp. These initiatives are designed to help farmers optimize their land use and secure a stable income through the commercialization of Moringa cultivation.

Chemiphar

Private Equity Round in 2019
Chemiphar Ltd. is an accredited analytical laboratory and inspection company based in Kampala, Uganda, founded in 1998. The company specializes in providing laboratory research and testing services to ensure food safety and quality, catering primarily to agribusinesses. Its offerings include inspection and testing services for food and beverages, pharmaceuticals, cosmetics, and seeds, helping clients meet international standards for both export and local certification of processed and value-added products. By delivering reliable laboratory testing, Chemiphar plays a crucial role in maintaining safety and quality from farm to consumer.

Central Coffee Farmers Association

Private Equity Round in 2018
Central Coffee Farmers Association is a farmer-owned organization based in Central Uganda, dedicated to supporting local coffee farmers. The association aims to establish a sustainable system for poverty alleviation through market-based agricultural practices. It collects dried coffee beans from farmers, which are then cleaned, de-husked, and graded into fair to average quality coffee. This process ensures that farmers have access to their desired product at an affordable price, promoting economic stability and improving the livelihoods of the farming community.

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.

Biyinzika Poultry International

Private Equity Round in 2013
Biyinzika Poultry International Limited is a leading poultry company in Uganda, primarily engaged in the sale of day-old chicks. Established in 1991, the company operates hatcheries and processing facilities that produce poultry feeds, as well as other livestock feeds for dairy and pigs. With a market share exceeding 50% in the day-old chick sector, Biyinzika has positioned itself as a key player in the industry. The company has also benefited from financial support, including loans from Pearl Capital Partners, which significantly contributed to its growth. Biyinzika's operations are designed to provide cost-effective solutions for customers and poultry farmers, ensuring access to quality livestock feeds.

Northern Uganda Agricultural Centre (NUAC)

Private Equity Round in 2012
NUAC is a large scale farm located in Nwoya District, Northern Uganda producing cereals for sale as seed and food grain in Uganda and the region. NUAC is pioneering mechanized production of soya, rice and maize in Northern Uganda and is currently farming just over 300 hectares of land. Our investment will provide NUAC with medium-term capital to increase its area under cultivation to over 1,000 hectares and scale up production of crops for both seed and commercial consumption.

Northern Uganda Agricultural Centre (NUAC)

Debt Financing in 2012
NUAC is a large scale farm located in Nwoya District, Northern Uganda producing cereals for sale as seed and food grain in Uganda and the region. NUAC is pioneering mechanized production of soya, rice and maize in Northern Uganda and is currently farming just over 300 hectares of land. Our investment will provide NUAC with medium-term capital to increase its area under cultivation to over 1,000 hectares and scale up production of crops for both seed and commercial consumption.

Farm Inputs Care Centre Uganda (FICA)

Private Equity Round in 2010
FICA Uganda is one of the largest seed businesses in Uganda. Founded in 2001, after the Ugandan seed industry was liberalized, it was the pioneer of privately-owned seed companies in Uganda. With three substantial farms and a large processing facility located in Masindi, FICA has the potential to produce 10,000 MT of seed per annum. FICA also works with more than 500 outgrowers to produce seed.
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