Fund vehicle

Novastar Ventures East Africa Fund I

Compiled from public sources

Novastar Ventures East Africa Fund I is a venture capital fund established to back innovative, early-stage, breakthrough businesses that expand market access and create economic opportunities for low-income, mass-market populations. Headquartered in Nairobi, Kenya, the fund focuses on identifying and supporting a new generation of entrepreneurs who deploy technology-enabled business models to satisfy basic human needs and alleviate severe social issues. The fund provides capital and strategic support to start-ups from their early stages, often using a multi-round investment approach to help them scale successfully. Its investments focus on essential goods and services, including healthcare, energy, education, and sanitation. Geographically, its primary focus is on Kenya and Ethiopia, with the mandate to follow investees into Uganda, Tanzania, and Rwanda.

Manager

Novastar Ventures Limited

Vintage

2014

Strategy

Venture Capital

Target size

$80m

Size

$80m

Status

Fully Invested