TradeDepot partners with Novastar

TradeDepot has announced its $110m Series B round just 18-months since its Series A raise. IFC co-led the round with Novastar, Sahel Capital, CDC Group, Endeavor Catalyst participated, as well as existing investors Partech and MSA Capital. TradeDepot is a leading tech-enabled B2B marketplace that provides a...

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mPharma acquires Uganda’s Vine Pharmacy

mPharma, the company founded in 2013 to drive supply chain efficiencies for pharmaceutical products across the continent, has taken a controlling stake in Uganda’s Vine Pharmacy.  mPharma co-Founder and CEO Greg Rockson plans to take Vine Pharmacy back to its former glory as the country’s biggest...

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Sanergy nominated for Prince William’s Earthshot Prize

Sanergy has been nominated as one of 15 finalists of the inaugural Earthshot Prize, a new annual prize launched by Prince William to search for inspiring and innovative solutions to problems facing the planet.  The nominating committee was captivated by Sanergy’s solution to sanitation and waste....

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TeamApt Series B: providing digital bank services for the unbanked

Nigerian Fintech startup, TeamApt, which provides financial services for the underserved mass market in Africa has announced the completion of its series B funding round.Novastar Ventures led with participation from FMO, Global Ventures, CDC, Oui Capital, Kepple Africa Ventures, Soma Capital, Endeavor Catalyst and a...

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Ignitia closes $4.2m financing round to fuel expansion

Ignitia has closed a $4.2m financing round led by Novastar Ventures followed by IKEA Social Entrepreneurship. The funds will be used to expand Ignitia's agricultural decision-making support into the Brazilian market, as well as extend its Sub-Saharan Africa footprint to new markets.Ignitia’s services enable agricultural...

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Max.ng deploys electric motorbikes

Following two years of development, Nigerian mobility company, MAX has launched its electric motorcycles for the Nigerian market. The MAXe M3 emerges as Africa's most technologically advanced Commercial 2-wheeled Carrier. Tayo Bamiduro, MAX’s CEO and co-founder said: “What we’ve done is provide Nigerians with access to...

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Kenya microinsurance Turaco secures $2m

Turaco, a Kenya-based micro-insurtech startup has secured $2 million in series seed equity investment from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and several angel investors.The investment will further grow Turaco, upscaling its operations in Sub-Saharan Africa, helping develop its proprietary...

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Komaza raises $28m Series B to capture Africa’s $30bn Wood Deficit

Komaza, the tech-enabled, sustainable forestry company that is revolutionizing the wood industry in Africa through its innovative smallholder platform, has secured a first close of $28m of the company’s planned $33m Series B equity financing. With continued investment and support from its Series A lead...

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