Novastar Ventures

About The Fund

Novastar Ventures is a venture capital management company that manages two venture funds, launched in 2014 and 2018, with over $200 million in committed capital. Primarily focused on the African market, the firm has advisory offices in Nairobi and Lagos, key entrepreneurial hubs on the continent. They specialize in investing in start-ups that cater to the mass market's demand for basic goods and services with innovative business models that aim to expand access, enhance quality, and reduce costs. Novastar Ventures seeks to invest in businesses with the potential for positive social impact on low-income households as a natural result of their commercial success. The fund's areas of interest include a wide range of sectors such as Software (Web Marketplace, SaaS, etc.), AgroTech, Business Solutions, FinTech and Financial Services, Hardware and Manufacturing, Energy, Retail and E-Commerce, IoT and Wearables, CleanTech, AI and Big Data, Logistics and Distribution, Medical Devices and Hospital Services, Healthcare and Wellness, Mobility, and Online Social. Novastar's investment strategy includes participating in merging, seed, series A, and pre-seed funding rounds, with a minimum investment of $100,000, a maximum of $5,000,000, and a sweet spot of around $1,500,000. With $120 million in assets under management, their commitment extends beyond capital investment; they are dedicated to ensuring that impact considerations are integrated throughout the investment lifecycle, as evidenced by a rigorous audit of their impact management processes by BlueMark, and they take pride in their work on sustainability and ESG practices. Novastar Ventures' portfolio, commitment to sustainability, impact considerations, and latest activities can be further explored on its official website, which also showcases new investments and important company announcements.