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Novastar Ventures

Hurlingham Park, Argwings Kodhek Road, Nairobi, 00502, Kenya

Overview

Global venture capital firm supporting transformative businesses.

Founded

2014

Deals ยท 12mo

4

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

Egypt
Ghana
Kenya
Nigeria

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

18rounds
NAMEDATESIZE
AgriAI
Oct 2026Led
$9 MSeries B
ARC Ride
Sep 2026Led
$23 MSeries A
Breadfast
Feb 2026Participated
$50 MSeries C
MAX
Jan 2026Participated
$24 MOther Equity
Chowdeck
Aug 2025Led
$9 MSeries A
BasiGo
Nov 2022Led
$7 MOther Equity
MoKo Home + Living
Oct 2022Participated
$9 MSeries B
Turaco
Sep 2022Led
$10 MSeries A
iProcure
Aug 2022Participated
$10 MSeries B
TeamApt
Aug 2022Participated
$50 MOther Equity
BasiGo
Feb 2022Led
$4 MSeed
Poa Internet
Jan 2022Participated
$28 MSeries C
AgriAI
Oct 2026Led
$9 MSeries B
ARC Ride
Sep 2026Led
$23 MSeries A
Breadfast
Feb 2026Participated
$50 MSeries C
MAX
Jan 2026Participated
$24 MOther Equity
Chowdeck
Aug 2025Led
$9 MSeries A
BasiGo
Nov 2022Led
$7 MOther Equity
MoKo Home + Living
Oct 2022Participated
$9 MSeries B
Turaco
Sep 2022Led
$10 MSeries A
iProcure
Aug 2022Participated
$10 MSeries B
TeamApt
Aug 2022Participated
$50 MOther Equity
BasiGo
Feb 2022Led
$4 MSeed
Poa Internet
Jan 2022Participated
$28 MSeries C
18
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Insights

Time horizon

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Deal Distribution

Novastar Ventures: 18 funding rounds are recorded in the selected participation categories.All available history.
Novastar Ventures: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A31
Series B23
Series C+03
Other Equity12
Debt01

Monthly Deal Activity

Novastar Ventures: 18 deals are recorded across 89 months.All available history.
Novastar Ventures: 18 deals are recorded across 89 months. All available history
MonthDeals
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '212
Jan '222
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '222
Sep '221
Oct '221
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '261

Sector Breakdown

Novastar Ventures: Transportation & Logistics is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Novastar Ventures: Transportation & Logistics is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Transportation & Logistics9
Networks, Cloud & Communication5
Food & Agriculture5
E-Commerce & Retail4
Professional Services4
Fintech3
Enterprise Software2
Data, Analytics & IT2
Consumer & Lifestyle2
Manufacturing2
Government & Defense1
Clean Energy & Sustainability1
Health & Life Sciences1
AI & Machine Learning1

Deal Size Distribution

Novastar Ventures: 18 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Novastar Ventures: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M5
$10M-$25M4
$25M-$50M4
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Novastar Ventures: Kenya has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Novastar Ventures: Kenya has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Kenya9
Nigeria6
Europe1
Egypt1
Ghana1
Novastar Ventures: 20 co-investors are shown, with British International Investment sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Novastar Ventures: 20 co-investors are shown, with British International Investment sharing 4 recorded deals. All available history
Co-investorShared deals
British International Investment4
Endeavor Catalyst2
International Finance Corporation2
Lightrock2
Proparco2
Talanton2
Y Combinator2
Zephyr Acorn2
4DX Ventures1
AAIC1
Africa501
AfricInvest1
Alitheia Capital1
Alpha Mundi1
Arcadia Funds1
Asi Ventures Limited1
AXA IM Alts1
Blink CV1
Breakthrough Energy Ventures1
Ceniarth1

Investment Strategy

Novastar Ventures: Led accounts for 39% and participating for 61% of round participation.All available history.
Novastar Ventures: Led accounts for 39% and participating for 61% of round participation. All available history
CategoryDeals (count)Share (%)
Led739%
Participating1161%
Novastar Ventures: Single-lead accounts for 43% and co-led for 57% of lead dynamics.All available history.
Novastar Ventures: Single-lead accounts for 43% and co-led for 57% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead343%
Co-led457%

Team

Abel Boreto

Associate Investment Director

Andrew Carruthers

Co-Founder & Managing Partner

Brian Waswani Odhiambo
Dayo Oduleye

Projects and Operations

Mathews Ndubi

Investment Analyst

Oluwatoyin Emmanuel-Olubake

Investment Director

Samuel Kanu

Venture Associate

Steve Beck

Co-Founder and Managing Director

Toke Soyebo, C.

Venture Associate