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M Investment one-pager · confidential · 2026

Mikuy — from the field to the pot

The B2B trust layer for Peru's smallholder food supply · corridor Puno → Lima
Seeking
Pre-seed partner
Peru legally earmarked S/ 1.28 billion of state food purchasing for smallholder farmers between 2022 and 2024. Less than 1% reached them. Not for lack of budget or law — because no one can find, aggregate and document dispersed producers. That is the company.
207,942
registered producers at corridor origin
30%
of the formal channel already buys direct — our beachhead
20–35%
of final price captured by intermediaries
500 kg
weekly minimum that excludes every smallholder

The business

Peru's formal food-service channel — hotels, restaurants, catering — buys 70% through distributors who demand at least 500 kg a week and take 20–35% of the final price. No single smallholder clears that threshold.

Mikuy aggregates supply until it does, and records what happened on every delivery: date committed versus delivered, quantity ordered versus conforming, lot origin. That becomes an OTIF score per producer.

We take no inventory, run no fleet, operate no cold chain and hold no third-party funds. The buyer pays; the producer is free, permanently.

Commission per kg Traceability subscription Protected transaction Public-programme advisory

Why the buyer pays and not the farmer. Supply is the hard side to acquire, so its barrier must be zero. The buyer has the budget — a Lima restaurant spends S/ 4,825 a month on produce alone — and gets the greater value: time and certainty. Hotels pay up to 40% more for documented quality.

Why now

  • Internet use among Peruvian micro-business operators went from 37.6% to 76.5% in five years — but only 6.6% sell online. The gap moved from connectivity to transaction.
  • Law 31071 obliges state food programmes to buy from family farming, and from 2025 the school-feeding programme awards extra tender points for it — pushing the burden onto suppliers who cannot document smallholders.
  • The region's best-funded comparable raised US$ 271M and closed in 2025. We decompiled its app: owned fleet, proprietary credit book, inventory on balance sheet. The category's failure mode is now documented, not theorised.
  • Regional government budget available for producer associations in 2026 exceeds S/ 1,700M — and none of it measures whether those producers sold more.

Snapshot

StagePre-seed · product built CorridorPuno → Lima AnchorsQuinoa · broad beans · dried tuber Top priceS/ 24–28 /kg Team4 founders · 1 U.S.-based RoundUS$ 250,000 pre-seed ModelBuyer-paid marketplace EntityU.S. parent · Peru opco

The proposal

Fund buyer acquisition and one operating corridor — not development. The engine is built and the development cost is already absorbed, so capital goes straight to the side of the market we have not tested.

Every phase carries a written kill criterion. We are built to be profitable small — and to be measured before being scaled.

What is already built. A commerce engine running over WhatsApp that reads voice notes, photos and text, extracts product, volume and price, and leaves an immutable record of the transaction. A payments layer accepting 11 wallets across 6 countries with real-time confirmation. The 320-document official market corpus machine-readable, with a producer registry recovered by OCR. Three competitor binaries decompiled, validating our backlog against what already works. We absorbed the development cost ourselves, without external capital.
The central risk, stated plainly. We have no revenue and no customers yet — no marketing was run and nothing was charged, deliberately, while we built. The next 90 days produce 5 letters of intent, 50 enrolled producers and 10 closed transactions with revenue collected — or the plan says stop. The development risk is behind us; the distribution risk is what this round buys down. The defensible asset is the delivery record, and it can only be accumulated by operating: price data is copyable in a week, a two-year compliance history is not.
Mikuy · de la chacra a la olla Alejandro Malaga Cruz · a.malaga@peruinvestment.net Full detail: investor deck · market study · government module