Novastar Ventures

Novastar is a venture capital fund manager dedicated to finding and growing the ‘new stars’ of East and West Africa. We back early and growth stage businesses led by entrepreneurs with the capability and ambition to transform markets and sectors. There is a vibrant ecosystem of fast-… read moregrowing businesses offering low-income households access to affordable goods and services such as healthcare, agriculture services, energy, housing, education and safe water, or access to new opportunities as employees or producers. If successful, these businesses have the potential to transform the lives of millions of people by satisfying latent demand, expanding market access, reducing costs and improving the quality of essential goods and services. However, many of these businesses struggle to find investors who are willing to finance them both while they test and develop their business model and then pursue scale. As one of the early venture funds at scale in the region Novastar addresses this need, supporting businesses as they test their business model and growing with them if they are successful. We also provide ongoing support (beyond financing) to the businesses to help them reach their full potential. In so doing, Novastar aims to generate attractive returns for our investors and large-scale benefits for low-income households. Novastar was formed in March 2014 and, having raised our second fund in October 2018, we are looking to expand our team accordingly. We are currently a tea

 


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