Fund manager (General Partner), AVCA member, impact venture capital in Africa. Assets under management: ≈ USD 260m.
Based on observed investment behaviour: 9 recorded deals
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Criteria published by the fund, recorded and checked by Invest Matching.
* added from its deals
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Recent public deals: they say better than a thesis what the fund actually signs.
Activity : Electric mobility
ARC Ride, a Kenyan electric mobility startup, has raised $33.3 million in asset-backed debt and equity to expand its battery-swapping network and electric motorcycle fleet across Africa.
Co-investors British International Investment, IFC (International Finance Corporation), Mirova Natural Capital, Musashi Seimitsu, Norrsken22, Proparco, Talanton
Source : techcabal.com
Co-investor alongside Equitane
Activity : Electric mobility
Metro Africa Xpress (MAX), a Nigerian mobility financing startup, has raised $24 million in an equity and debt funding round as it continues its transition to electric mobility financing in West and Central Africa after hitting profitability in Nigeria.
Co-investors Endeavor Catalyst, Energy Entrepreneurs Growth Fund
Source : techcabal.com
Activity : Online retail
Chowdeck, the YC-backed Nigerian on-demand delivery platform, has raised $9 million in Series A funding to launch a quick commerce strategy and expand into more cities in Nigeria and Ghana.
Co-investors AAIC, GFR Fund, HoaQ, Kaleo Ventures, Rebel Fund, Y Combinator
Source : techcabal.com
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Sistema.bio , a Nairobi-based renewable energy company, has raised USD 3.5 M from Novastar Ventures as part of a USD 7.75 M internal funding round.
Source : weetracker.com
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Vehicle : Novastar Ventures Africa People and Planet Fund III (NVIII)
Sistema.bio provides family farmers with biodigesters, financing and services that convert farm waste into biogas and organic fertilizer.
Why they invested
Source : novastarventures.comN1 · Primary source
Activity : Bedding and furniture
MoKo manufactures and sells furniture, including sofas and mattresses, primarily through an omnichannel and online model.
Why they invested
Source : novastarventures.comN1 · Primary source
Activity : Insurtech
Turaco develops accessible digital insurance products for underserved populations in Africa.
Why they invested
Co-investors AfricInvest
Source : novastarventures.comN1 · Primary source
Activity : Electric mobility
BasiGo develops electric buses for public transport and offers a Pay-as-you-Drive financing model for bus operators.
Why they invested
Co-investors Moxxie Ventures
Source : novastarventures.comN1 · Primary source
Co-investor alongside Africa50
Activity : Telecom operators and ISPs
Poa Internet is an internet service provider connecting underserved communities in Kenya.
Why they invested
Source : africa50.comN1 · Primary source
Novastar Ventures invests tickets ranging from 1 M$ to 33.3 M$, across the following sectors: Agribusiness, Fintech, Healthcare, Logistics, Energy, E-commerce, Manufacturing, and Telecoms & digital infrastructure, in the following areas: Kenya, Nigeria, and Ghana. Check in 30 seconds whether your company fits these criteria.
