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Novastar Ventures is a venture capital firm founded to support entrepreneurial initiatives in Africa, with offices in London, Nairobi, and Lagos. The firm manages a portfolio of 20 companies and focuses on creating lasting value for communities and the environment. Their investment strategy emphasizes partnerships with entrepreneurs building scalable businesses.
Novastar Ventures invests in seed, Series A, and growth equity stages, targeting transformative businesses across Africa, especially in East and Anglophone West Africa. They concentrate on sectors such as healthcare, agtech, fintech, consumer, and commerce, seeking to partner with entrepreneurs who can significantly impact their markets.
Notable portfolio companies include BasiGo (electric buses), Elephant (digitizing healthcare), and KOKO Networks (technology solutions for cities). Other investments include mPharma (pharmaceutical distribution) and TradeDepot (retail distribution).
To pitch Novastar Ventures, submit through their form at this link or email info@novastarventures.com with your deck.
Yes, Novastar Ventures often leads investment rounds, particularly in seed and Series A stages, to help establish strong foundations for their portfolio companies.
Novastar Ventures is open to follow-on investments, especially for companies that demonstrate significant growth potential and align with their mission of creating lasting value.
While specific fund sizes are not disclosed, Novastar Ventures maintains a portfolio of 20 companies, indicating a substantial commitment to supporting transformative businesses in Africa.
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