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Top 10 Food and Beverage VC Funds & Investors in Uganda (September 2026)

The most active venture capital funds investing in Uganda Food and Beverage startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Uganda Food and Beverage startup companies. Find investors to raise a Seed, Debt Financing or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Pearl Capital Partners
VC Fund
6 Uganda, Kenya, Malawi Private Equity, Debt Financing, Seed Agriculture, Farming, Food Processing $5k–$2.6M
Iungo Capital
VC Fund
3 Uganda, Kenya, United States Seed, Debt Financing Agriculture, Information Technology, AgTech $100k–$490k
Inside Capital Partners
VC Fund
1 Zambia, Mauritius, Madagascar Private Equity, Venture - Series Unknown, Series A Manufacturing, Plastics and Rubber Manufacturing, Hotel $1.5M–$15M
Global Agriculture & Food Security Program
VC Fund
1 Uganda, Tunisia, Bangladesh Debt Financing, Grant Banking, Finance, Nutrition $11M–$35M
Agri-Business Capital Fund (ABC Fund)
VC Fund
1 Uganda, Nigeria, Côte d'Ivoire Debt Financing, Venture - Series Unknown, Convertible Note Agriculture, Financial Services, Farming $257k–$3M
FCA Investments
VC Fund
1 Uganda Seed, Venture - Series Unknown FinTech, Software, Financial Services
Social Enterprise Fund for Agriculture in Africa
VC Fund
1 Kenya, Uganda Debt Financing Coffee, Seafood, Aquaculture $1M–$1M
Incofin Investment Management
VC Fund
1 India, Kenya, Rwanda Series A, Series B, Debt Financing Financial Services, Finance, Banking $3M–$46M
IDH
VC Fund
1 India, Kenya, Uganda Debt Financing, Venture - Series Unknown, Seed Financial Services, Farming, AgTech $2.1M–$9.5M
Women Entrepreneurship for Africa
VC Fund
1 Nigeria, Uganda, Cameroon Pre-Seed, Grant Health Care, Agriculture, Food and Beverage
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Pearl Capital Partners
VC Fund · Kampala, Kampala, Uganda · 6 investments in Uganda Food and Beverage startups

Pearl Capital Partners is a specialist agriculture investment firm that has been investing in small and medium sized East African agribusinesses since 2005. Pearl Capital Partners investments generate financial returns for our investors while creating significant social impact. Pearl Capital Partners success is derived from working with ambitiousmanagement teams, providing supportive investment structures and specialist expertise that create high-growth agribusinesses.

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Investment focus

  • Industry: Agriculture, Farming, Food Processing
  • Stage:Private Equity, Debt Financing, Seed
  • Geography: Uganda, Kenya, Malawi

Investor stats

  • Total investments: 36
  • Round size: Seed $1.3M–$2.1M; Debt Financing $5k–$650k; Private Equity $18k–$2.6M
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2017

Portfolio highlights

  • Enimiro — Enimiro is creating an online farming platform in form of a mobile App to connect Ugandan smallholder farmers with local investors to increase harvest while enabling urban people to invest into farming and earn proceeds at just a click of a button.
  • Kamp Feed — We are a company dealing in the production and sale of animal feeds (Pigs, Poultry, Cattle, Rabbit).
  • Newman Foods — Newman Foods is an agro-processing company that manufactures, exports, and supplies a comprehensive range of fresh agricultural products. Newman Foods Ltd is a Kampala-based agro-processing company whose primary business is producing and marketing branded consumer foods sold through retail stores in the local and the regional market, as well asaggregation and export of fresh fruits and vegetables (FFV) to the European market.
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Iungo Capital
VC Fund · Kampala, Kampala, Uganda · 3 investments in Uganda Food and Beverage startups

Welcome to Iungo Capital. The first open ended investment company that exclusively provides finance and support to East African SMEs. Explore more.

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Investment focus

  • Industry: Agriculture, Information Technology, AgTech
  • Stage:Seed, Debt Financing
  • Geography: Uganda, Kenya, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $100k–$490k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Vivid Gold — Vivid Gold is not just a brand, it’s a game-driven ecosystem built at the intersection of four powerful pillars: commerce, content, culture, and careers. Together, these pillars reflect our commitment to transforming how gaming is experienced, monetized, and empowered across the East African region.1. Commerce – Accessible Gaming for All We powerthe hardware, physical games and accessories backbone of gaming in East Africa. We make it easier for gamers to access what they need, locally. Our phygital retail store approach ensures that whether online or in-store, customers enjoy seamless, convenient shopping with local payment options and trusted support.2. Content – Unlocking Digital Worlds We break barriers between African consumers and global digital platforms. Through instant delivery of gift cards and subscription codes, we enable local access to gaming content (PSN, Xbox, Steam), streaming (Netflix, Spotify), and productivity apps (Android, Apple) via frictionless local currency payment across African countries.3. Culture – Gaming as a Lifestyle We celebrate the role of gaming in shaping youth identity, creativity, and social connection. From leasing gaming equipment to community events and tournaments to collaborating with local creators, influencers, and esports enthusiasts, we embed gaming in lifestyle and everyday conversations. Our brand is deeply rooted in African culture, while remaining globally fluent and digitally native. 4. Careers – Building Africa’s Gaming Future We’re laying the foundation for education, employment, and entrepreneurship in game development & esports. design, and brand management, we aim to deliver structured programs that merge education with entertainment, offering skill based learning opportunities in esports and game development through holiday bootcamps, after school activities, alternative academic pathways, facilitate masterclasses by providing access to industry experts for mentorship and ensure the efficacy of all programs through active, future focused research integration.Together, these four pillars form a unified vision: to make gaming not just a pastime, but a platform for progress, expression, and economic inclusion in Africa.
  • Viebeg — Viebeg transform the way medical products are bought and sold, advancing the 4th industrial revolution in the developing world.
  • FutureLink Technologies — Africa's Community-driven marketplace for affordable financial services, focused at enhancing the financial resilience of Africa's low & middle income earners
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Inside Capital Partners
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Uganda Food and Beverage startups

Inside Capital Partners (“Inside”) is an independent private equity manager aiming to invest through equity in strong potential opportunities in selected Southeast African countries.Inside believes that access to high level information, a strong focus on selected geographies and enterprises along with a strong network of operational andbusiness experts, are key to enhancing value creation.For this reason, the Inside team, which is composed of people with strong ties to the region, operates through its offices in Mauritius and Zambia, and from its network of partners in the other selected countries.Inside also works in close proactive partnerships with entrepreneurs, and leverages on its network of experts, to fast track the development of small and medium-sized enterprises.

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Investment focus

  • Industry: Manufacturing, Plastics and Rubber Manufacturing, Hotel
  • Stage:Private Equity, Venture - Series Unknown, Series A
  • Geography: Zambia, Mauritius, Madagascar

Investor stats

  • Total investments: 9
  • Round size: Private Equity $3.1M–$7.5M; Venture - Series Unknown $1.5M–$15M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Drive Health — Reduce administrative burden and support your care team. Avery is a clinical workflow automation engine that handles routine tasks like patient outreach and message triage under strict clinician oversight, returning time to the bedside.
  • RDG Africa — Empowering the Future, one solar system at a time
  • Hautes Études Pratiques Internationales — Hautes Études Pratiques Internationales is a private higher‑education platform that runs degree‑level programmes.
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Global Agriculture & Food Security Program
VC Fund · Washington, District of Columbia, United States · 1 investments in Uganda Food and Beverage startups

Global Agriculture & Food Security Program is an advisory firm that offers finance to improve food and nutrition security of food systems.

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Investment focus

  • Industry: Banking, Finance, Nutrition
  • Stage:Debt Financing, Grant
  • Geography: Uganda, Tunisia, Bangladesh

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $11M–$35M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Grainpulse — Coffee | Grain | Nutrition | Agro-Inputs https://t.co/CwQRU4pC5B Toll free number :0800 300 099. WhatsApp: 0762 393350.
  • African Development Bank — African Development Bank operates as a multilateral development finance institution in Africa. It finances development projects and programs in collaboration with national and international development institutions. The bank provides technical assistance for project selection, study, and preparation. It facilitates investments from the public andprivate sectors in initiatives aimed at economic and social progress. The African Development Bank serves the development finance and economic growth sectors.
  • Meghna Group of Industries — Meghna Group of Industries is a manufacturer and operator of consumer goods and services. The corporation is a conglomerate of sectors including sugar, oil, cement, beverage, tissue, poultry, chemicals, and paper.
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Agri-Business Capital Fund (ABC Fund)
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Uganda Food and Beverage startups

Agri-Business Capital Fund (ABC Fund) is an investment Firm.

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Investment focus

  • Industry: Agriculture, Financial Services, Farming
  • Stage:Debt Financing, Venture - Series Unknown, Convertible Note
  • Geography: Uganda, Nigeria, Côte d'Ivoire

Investor stats

  • Total investments: 12
  • Round size: Debt Financing $257k–$3M; Venture - Series Unknown $854k–$1.2M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Matale Hill Brothers — Matale Hill Brothers is a secondary processing and marketing of coffee from smallholder farmers and local markets.
  • JKCC General Supplies — JKCC General Supplies is the producer and exporter of quality coffee.
  • MiCreditoYa Microfinanciera — MICREDITOYA was established to offer financial solutions to a subset of microentrepreneurs who had limited access to the financial sector because of their socioeconomic and geographic circumstances.
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FCA Investments
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Uganda Food and Beverage startups

FCA Investments is an impact investor specializing in developing countries and fragile states.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Venture - Series Unknown
  • Geography: Uganda

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Amfri Farms — Amfri farms produce frozen products and herbs and spices that include frozen apple banana puree, frozen mango pulp and dice, chilli, vanilla, coffee, lemon balm, dill,  and turmeric. They also export jackfruit, avocados, Irish potatoes, pumpkins, and sweet potatoes.
  • Laboremus Uganda — Laboremus Uganda delivers digital onboarding and KYC solutions for banks and fintechs in Africa.
  • Sausage King 3000 Uganda — 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 hotelsand supermarkets.
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Social Enterprise Fund for Agriculture in Africa
VC Fund · 1 investments in Uganda Food and Beverage startups

SEFAA is a farming based company that helps in embracing the socio-economic conditions of smallholder farmers.

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Investment focus

  • Industry: Coffee, Seafood, Aquaculture
  • Stage:Debt Financing
  • Geography: Kenya, Uganda

Investor stats

  • Total investments: 2
  • Round size: Debt Financing $1M–$1M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Zigoti — Zigoti Coffee emerged. Rose and Enock worked nonstop to build their coffee plantation, mill, roastery, and even a stunning hotel, the Enro Hotel, as part of their unwavering commitment to realizing their goal.
  • Camino Ruiz — Camino Ruiz Agencies is a pioneering leader in the tilapia fish industry, overseeing the entire value chain from sustainably farming fish on Lake Victoria to distributing high-quality tilapia through 25 outlets and over 180 supermarket chains in Nairobi, while also improving nutrition in low-income areas by supplying affordable fish to local "Mama Samaki."
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Incofin Investment Management
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Uganda Food and Beverage startups

Incofin Investment Management (Incofin IM) manages funds that invest in microfinance institutions (MFIs) in developing countries. MFIs provide financial services, such as credits, savings and insurances, to people who cannot have recourse to regular banks. As a specialist in rural microfinancing, Incofin IM’s main goal is to reach out to people wholive in more secluded rural areas and/or who are active in the agricultural sector.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Series A, Series B, Debt Financing
  • Geography: India, Kenya, Rwanda

Investor stats

  • Total investments: 39
  • Round size: Series A $4M–$8.1M; Series B $3.5M–$46M; Debt Financing $3M–$10M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $68M in 2025

Portfolio highlights

  • SuperZop — SuperZop is an Agri-commerce platform for Kirana stores that is transforming the unorganized retail sector with the use of disruptive technologies and process innovations. The platform also specializes in distribution, retail, technology, supply chain, B2B. It also has the goods delivered at his shop in quick time and easy to use vernacularinterface the retailer can order all his grocery demands with a click of a button.SuperZop was founded in 2016 and is headquartered in Ahmedabad, Gujarat, India.
  • Ace International — ACE International manufactures and distributes dairy powders, milk proteins, and other food grade components.
  • Ficohsa — Ficohsa is a bank that provides financial products and services. They specialize in personal banking, corporate banking, entrepreneurial banking, mortgage banking, credit cards, and more.
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IDH
VC Fund · Utrecht, Utrecht, The Netherlands · 1 investments in Uganda Food and Beverage startups

IDH, The Sustainable Trade Initiative is a social enterprise that works with businesses, financiers, governments and civil society to realize sustainable trade in global value chains.

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Investment focus

  • Industry: Financial Services, Farming, AgTech
  • Stage:Debt Financing, Venture - Series Unknown, Seed
  • Geography: India, Kenya, Uganda

Investor stats

  • Total investments: 13
  • Round size: Debt Financing $2.1M–$9.5M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: May invest from a new fund soon — raised $111M in 2020

Portfolio highlights

  • Kaleidofin — Kaleidofin provides a scalable and adaptable platform dedicated to democratizing finance through responsible fintech, empowering every customer. Our name, 'Kaleidofin', symbolizes the transformative power of financial solutions with a digital ecosystem that ensures finance for everyone, everywhere.
  • Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer
  • JKCC General Supplies — JKCC General Supplies is the producer and exporter of quality coffee.
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Women Entrepreneurship for Africa
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Uganda Food and Beverage startups

Women Entrepreneurship for Africa

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Investment focus

  • Industry: Health Care, Agriculture, Food and Beverage
  • Stage:Pre-Seed, Grant
  • Geography: Nigeria, Uganda, Cameroon

Investor stats

  • Total investments: 116
  • Lead/follow: 99% lead, 1% follow

Portfolio highlights

  • ORIKI — A wellness + farm to skin brand that creates pampering experiences and luxurious natural personal grooming products. Sharing Africa!
  • Mukuru Clean Stoves — Earthshot Prize Winner 2022. We use recycled metal to manufacture improved, efficient and affordable cookstoves.
  • Loom Craft Chocolate — Loom Craft Chocolate is a artisanal cocoa processor with a strong focus on the quality of our products and the sustainability of our processes.
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Food and Beverage VC funding in Uganda at a glance

Stats across 19 deals from 18 investors.

18
investors
in Uganda Food and Beverage startups
19
deals
in Uganda Food and Beverage startups
$1.5M
median round
in Uganda Food and Beverage startups
78%
lead investors
lead at least one round
21%
Venture - Series Unknown
most common funding stage

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