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    DealFindrInvestorsNovastar Ventures
    DATABASE 02 • INVESTOR PROFILE
    Venture Capital

    Novastar Ventures

    Novastar Ventures is an early-stage venture capital fund that backs transformative African businesses…

    Main Office: Kenya
    Cabo Verde,Ethiopia,Ghana,Kenya,Mauritius,Nigeria,Rwanda,Sao Tome and Principe,South Africa,Tanzania,Uganda
    14 Portfolio Companies
    Investment Range
    $200k - $700k

    Typical check size per portfolio investment

    Instruments
    Debt
    Equity

    Structure of deployed capital

    Technical Assistance
    Yes — Provided & Supported

    Offers advisory, capacity building, or strategic post-investment support

    Target Stages
    Growth
    Idea
    Seed
    Series A
    Series B

    Company maturity & growth phase

    About the Funder

    Novastar Ventures is an early-stage venture capital fund that backs transformative African businesses benefiting both people and the planet sustainably.

    Investment Thesis & Eligibility

    Target Entities

    Companies

    Mandate & Scope

    Combines direct financial capital with technical assistance and governance support.

    Regional & Geographic Scope

    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.

    Portfolio & Backed Ventures (14)

    Verified Backed

    Arc Ride

    Series A

    Kenyan e-mobility startup providing battery-swapping infrastructure and electric motorcycles through a scalable Battery-as-a-Service model for urban mass transport.

    KenyaProfile

    BasiGo

    Series A

    Imports/assembles electric buses; offers battery leasing + charging infrastructure; uses “Pay-as-You-Drive” model to reduce upfront cost burden for public transport operators.

    KenyaProfile

    Breadfast

    App-based supermarket delivering groceries, fresh bakery goods and household essentials within minutes.

    EgyptProfile

    Ignitia

    Provides AI weather forecasts and climate intelligence for tropical regions, helping farmers and businesses manage climate risk.

    GhanaProfile

    MAX

    Mobility company providing vehicle financing and technology so drivers can own vehicles and earn.

    NigeriaProfile

    MoKo Home + Living

    Furniture maker and retailer selling mattresses and home furniture, with flexible payment options.

    KenyaProfile

    Moniepoint

    Payments, banking and business operations platform serving businesses and their customers.

    NigeriaProfile

    Penda Health

    Penda Health operates outpatient medical centers across Nairobi, delivering affordable, quality healthcare services with a focus on accessibility.

    KenyaProfile

    Regen Organics

    Digital circular economy company manufacturing regenerative organic fertilizers, insect protein, and eco-fuels by upcycling residual organics into high-value agricultural products.

    KenyaProfile

    Sistema.bio

    A social enterprise manufacturing and financing high-efficiency modular biodigesters that convert animal waste into renewable biogas and organic fertilizer.

    KenyaProfile

    TradeDepot

    B2B commerce platform supplying small retailers with consumer goods, delivery and inventory credit.

    NigeriaProfile

    Turaco

    Series A

    Provides simple, affordable, and high-volume micro-insurance solutions embedded into popular ride-hailing and banking apps.

    KenyaProfile

    mPharma

    Growth

    Health-tech company managing prescription drug inventory and pharmacy franchises to improve medicine availability and affordability for patients across the continent.

    GhanaProfile

    poa! Internet

    Internet provider offering affordable unlimited home broadband to low-income urban households.

    KenyaProfile
    Investor Engagement Apply for Funding Visit Website

    Direct application and inquiry channels verified by DealFindr.

    At-a-Glance DetailsVenture Capital
    Ticket Size$200k - $700k
    InstrumentsDebt, Equity
    Tech AssistanceYes
    StagesGrowth, Idea, Seed, Series A, Series B
    Invests InCompanies
    Main CountryKenya
    Focus Sectors
    Health
    Education
    Agriculture
    Logistics
    Renewable Energy
    Financial Services
    Technology
    Geographies
    Cabo Verde, Ethiopia, Ghana, Kenya, Mauritius, Nigeria, Rwanda, Sao Tome and Principe, South Africa, Tanzania, Uganda
    Cabo Verde
    Ethiopia
    Ghana
    Kenya
    Mauritius
    Nigeria
    Rwanda
    Sao Tome and Principe
    South Africa
    Tanzania
    Uganda