Novastar Ventures

SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multifund commitment to anchor Pan-African…

Japan’s SBI Holdings commits $40M to anchor Novastar Ventures’ future funds

The U.S International Development Finance Corporation (DFC) has made equity investment to the tune of $25 million in a new fund by Pan-African venture capital firm Novastar Ventures, to back…

DFC invests $25M in Novastar’s Africa People + Planet Fund

The shortage of agricultural inputs like fertilizer, unpredictable prices and the proliferation of substandard products into markets are some of the biggest challenges for Kenya’s agricultural sector. This impact is…

Kenyan agtech iProcure raises $10.2M to grow its input supply network

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VCs set sights on African countries beyond the ‘Big Four’

Outside the Big Four, investments ballooned to $1.4 billion, up 382% year on year, according to Partech’s 2021 report.

8:30 am PDT • August 15, 2022
VCs set sights on African countries beyond the ‘Big Four’

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A look into the British DFI’s plan to invest in African economies, venture funds and tech startups

On April 4, the U.K.’s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment. As part of the name change, the development finance institution (DFI) announced that it surpassed its pledge to invest £2 billion in Africa over the last two years. It was a reminder of the…

4:13 am PDT • June 30, 2022
A look into the British DFI’s plan to invest in African economies, venture funds and tech startups

Kenya-based EV startup BasiGo has closed $4.3 million in seed funding, three months after setting up operations in East Africa’s biggest economy, to provide clean-energy mass transit vehicles in a…

BasiGo secures $4.3 million in seed funding to accelerate mass transit EV adoption in Kenya

Niklas Adalberth’s Norrsken Foundation is in the news again barely two months after opening its Norrsken House in Kigali, Rwanda, which plans to accommodate thousands of entrepreneurs by next year.…

Norrsken, VCs and 30 unicorn founders set up $200M fund to back growth-stage startups in Africa

Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. TradeDepot, a Nigeria- and…

TradeDepot raises $110M from IFC, Novastar to extend BNPL service to merchants across Africa

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Faster deals, less diligence: The African startup market mirrors its larger rivals

Given that VCs are putting more money to work in Africa this year as the quarters tick along, it’s reasonable to anticipate that 2022 could bring even greater total venture investment.

7:11 am PST • November 12, 2021
Faster deals, less diligence: The African startup market mirrors its larger rivals

The venture capital scene in the North African tech ecosystem will be absolutely buzzing right now with the announcement of two large VC funds in the space of two days.…

After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt

Events in May offered support to the thesis that Africa can incubate tech with global application. Two startups that developed their business models on the continent — MallforAfrica and Zipline…

Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises $200M

African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos-based investment group announced it has closed $108 million in new…

Novastar Ventures becomes $200M African VC fund after $108M raise

Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation from Japanese manufacturer Yamaha. Based in Lagos, the company’s app-based platform coordinates…

MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria