Novastar Ventures is an early-stage venture capital fund that backs transformative African businesses…
Typical check size per portfolio investment
Structure of deployed capital
Offers advisory, capacity building, or strategic post-investment support
Company maturity & growth phase
Companies
Combines direct financial capital with technical assistance and governance support.
Active mandate covering Cabo Verde, Ethiopia, Ghana, Kenya, Mauritius, Nigeria, Rwanda, Sao Tome and Principe, South Africa, Tanzania, Uganda. Operates across 11 African countries including Cabo Verde, Ethiopia, Ghana, Kenya, Mauritius, and 6 more. Primary operational footprint anchored in Kenya.
Kenyan e-mobility startup providing battery-swapping infrastructure and electric motorcycles through a scalable Battery-as-a-Service model for urban mass transport.
Imports/assembles electric buses; offers battery leasing + charging infrastructure; uses “Pay-as-You-Drive” model to reduce upfront cost burden for public transport operators.
App-based supermarket delivering groceries, fresh bakery goods and household essentials within minutes.
Provides AI weather forecasts and climate intelligence for tropical regions, helping farmers and businesses manage climate risk.
Mobility company providing vehicle financing and technology so drivers can own vehicles and earn.
Furniture maker and retailer selling mattresses and home furniture, with flexible payment options.
Payments, banking and business operations platform serving businesses and their customers.
Penda Health operates outpatient medical centers across Nairobi, delivering affordable, quality healthcare services with a focus on accessibility.
Digital circular economy company manufacturing regenerative organic fertilizers, insect protein, and eco-fuels by upcycling residual organics into high-value agricultural products.
A social enterprise manufacturing and financing high-efficiency modular biodigesters that convert animal waste into renewable biogas and organic fertilizer.
B2B commerce platform supplying small retailers with consumer goods, delivery and inventory credit.
Provides simple, affordable, and high-volume micro-insurance solutions embedded into popular ride-hailing and banking apps.
Health-tech company managing prescription drug inventory and pharmacy franchises to improve medicine availability and affordability for patients across the continent.
Internet provider offering affordable unlimited home broadband to low-income urban households.
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