DATABASE 01 • COMPANY PROFILE
Growth Venture

Novek

IoT company building smart dispensing machines that eliminate single-use plastic by allowing micro-retailers…

Founded 2018 (8 yrs ago)
10 Institutional Backers
Operational Base
Kenya

Primary corporate headquarters and operations

Sector Classification
Waste Management

Core industry & economic domain

Venture Maturity
Growth Stage

Commercial growth & capitalization phase

Institutional Backing
10 Verified Funders

Institutional impact & venture capital track record

About the Company

IoT company building smart dispensing machines that eliminate single-use plastic by allowing micro-retailers to sell staples in small, affordable quantities.

Products, Solutions & Core Capabilities (Work in Progress)

Operational Focus
Manufacturing & Formulations

Organic and mineral-organic formulations, crop-specific blends, and specialized soil conditioners engineered for regional soil health.

Farmer Training & Advisory

Direct agricultural extension, agronomic training programs, and technical advisory to maximize smallholder crop yields and adoption.

Soil Testing & Diagnostics

Scientific soil diagnostic analysis ensuring precise nutrient application and customized input packages for farming clusters.

Agro-Input Distribution

Structured distribution of complementary agro-inputs with guaranteed quality control and last-mile accessibility.

Impact Metrics & Operational Scope

Regional Focus
Kenya

Active production & supply

Business Model
B2B / B2C

Commercial & smallholder reach

Data Verification
Verified

Indexed in Database 01

Backed By / Institutional Investors (10)

Database 02 Cross-Linked

DEG

Development Finance Institution

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Future Africa

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Early-stage investor backing mission-driven founders as founding investors with significant follow-on.

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Microtraction

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Early-stage venture capital firm investing pre-seed funding into remarkable African technology entrepreneurs.

$100k - $350kInvestor Profile

Musha Ventures

Venture Capital

Early-stage investor in African startups with a portfolio across Nigeria, Kenya, South Africa, Ghana, Tunisia…

Not disclosedInvestor Profile

Nairobi Business Angel Network (NaiBAN)

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A prominent network of 100+ business angels funding, mentoring, and scaling early-stage African tech-enabled…

$10k - $100kInvestor Profile

Rock Impact Capital

Impact Investor

Impact investor whose portfolio includes Powered by People, Lendable, Novek and FinQual across African…

Not disclosedInvestor Profile

Samurai Incubate Africa

Venture Capital

Tokyo-based venture firm investing in early-stage tech startups from pre-seed through Series A.

$50k - $800kInvestor Profile

Satgana

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Earth-tech VC backing pre-seed and seed climate startups in Europe and Africa (EUR 100k-500k tickets) in…

$110k - $550kInvestor Profile

Timon Capital

Venture Capital

Lagos and New York-based firm investing in seed-stage tech startups in Sub-Saharan Africa; portfolio includes…

Not disclosedInvestor Profile

VestedWorld

Venture Capital

They are an early-stage investment fund manager focused on investing in sectors which are proven to catalyze…

$50k - $2MInvestor Profile
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