Novastar Ventures

Novastar Ventures is a global venture capital firm operating from the entrepreneurial hubs of Lagos, London, and Nairobi. The firm partners with bold entrepreneurs to build businesses that create lasting value for the many, not just the few, for people and planet—for good. Since its inception in 2014, Novastar has been dedicated to fueling an entrepreneurial revolution that is transforming markets and sectors in Africa. The firm focuses on sectors such as technology, healthcare, education, agriculture, financial services, energy, consumer goods, logistics, media, telecommunications, retail, transportation, real estate, hospitality, and manufacturing. Novastar Ventures primarily invests in seed, early-stage, and growth-stage companies, with investment sizes ranging from $250,000 to $8 million. The firm's geographical focus includes Kenya, Nigeria, and the United Kingdom.

Novastar Ventures has a diverse portfolio of companies, including BasiGo, a Kenyan electric vehicle technology and financing company that raised KSh 489 million in 2022. Other portfolio companies include GreenPath, Ignitia, iProcure, Komaza, MoKo, Moniepoint, mPharma, NewGlobe, PayGo, Penda, poa!, Regen Organics, Sistema.bio, SOKO, SolarNow, Sure Chill, TradeDepot, and Turaco.

The firm's investment philosophy centers on partnering with entrepreneurs who are building transformative businesses that create lasting value for the many, not just the few, for people and planet—for good. Novastar Ventures is authorized and regulated by the UK Financial Conduct Authority as a Small Authorised UK Alternative Investment Fund Manager (AIFM) under Firm Reference Number 922790.