Novastar Ventures Limited manages more than $200 million across two venture funds. We deploy distinctive assets and capabilities to support exceptional entrepreneurs creating and growing breakthrough businesses in East and West Africa.
From our advisory offices in Nairobi and Lagos , we are close to the businesses and teams we back, and intimately familiar with the markets they serve and the challenges they face.
While we are local, we are not parochial. We are a multi-national team that has created, supported and managed businesses in Africa, Asia, Europe and the United States.
Time and money are inevitably in short supply for the start-up. We are investors who can move quickly. And if we decide not to invest we’ll give constructive feedback right away.
Novastar is designed to provide flexible support, tailored to the company’s stage of development. We are prepared to invest as little as $250,000 in an unproven business model with high potential. And we can fuel the rapid growth stage of the business through multiple capital rounds with up to $8 million.
We understand that it takes time to build a significant business from scratch in this region. We look to back entrepreneurs with whom we can have a long term, symbiotic relationship where our objectives are aligned.
We are a team of experienced practitioners in search of businesses where positive social impact for lower-income households is a result of commercial success, not an end in itself.