Venture capital firm
Novastar Ventures Limited
Funds managed
- Novastar Africa People and Planet Fund III 2024 $147m
- Novastar Ventures East Africa Fund I 2014 $80m
Selected portfolio and direct investments
- ARC Ride Global Limited
- Metro Africa Xpress Inc.
- MoHold Ltd
Recent investments and transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 8 Sep 2026 | Novastar Ventures, Norrsken22 and partners invest USD 33.3 million in ARC Ride's operations in sub-Saharan Africa and South Africa | Venture Capital | $33.3m | Kenya |
| 16 Jan 2026 | Equitane DMCC, Novastar, Endeavor Catalyst, the Energy Entrepreneurs Growth Fund (EEGF) and others invested in Metro Africa Xpress' (MAX) Operations in West and Central Africa for USD 24m | Venture Capital | $24m | Nigeria |
| 1 Dec 2025 | Novastar Ventures Africa People and Planet Fund III Invest in MoPhones' Operations in Kenya | Venture Capital | Undisclosed | Kenya |
| 1 Dec 2025 | Novastar Ventures Africa People and Planet Fund III Invest in ARC Ride's Operations in Kenya | Venture Capital | Undisclosed | South Africa |
Sources
- Partner Researchers, accessed 14 November 2026