Novastar Africa Impact

vc$147MCo-investsLeads rounds

◆ Fund Size

$147M

◆ Check Size

$1.0M→$8.0M

◆ Location

Kenya

◆ Activity

Statusactively investing

◆ Links

Website ↗

◆ Investment Thesis

Impact investing across Africa fueled by Japanese limited partners.

◆ About Novastar

Novastar Ventures is a leading Africa-focused venture capital firm that invests in technology-led businesses addressing basic needs like food, mobility, financial access, and climate challenges for low-income populations while delivering financial returns and environmental impact. The firm partners with bold entrepreneurs transforming markets across the continent through scalable models. Its latest Fund III, closed at $147 million, expands to pan-African deployment with ticket sizes from $1-8 million.

◆ Sectors

Other

◆ Stages

seed

◆ Geography Focus

Africa

◆ Team

Name	Title	Role
Abel Boreto	Investment Director	—
Andrew Carruthers	Co-Founder and Managing Partner	—
Brian Waswani Odhiambo	Partner	—
Steve Beck	Representative / Co-founder	—

◆ Notable Investments

BreadfastChowdeckGreenwheelsARC RideMoPhonesSistema.bioPortfolio of 20 companies in its second fundClimate-tech-led venturesEducation, healthcare, agri-business, food, and water sector startups in AfricaMoniepointBasiGomPharmaKOKO NetworksMAX

◆ Traits

Leads rounds

Co-invests

◆ FAQ

What does Novastar Africa Impact invest in?

Novastar Africa Impact invests in Other at the seed stage.

Which geographies does Novastar Africa Impact focus on?

Novastar Africa Impact focuses on Africa, and is headquartered in Kenya.

What is Novastar Africa Impact's typical check size?

Novastar Africa Impact typically writes checks of $1M to $8M.