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Since 2016, Novastar Ventures has backed 8 African startups across 17 disclosed funding rounds totaling $254.5M, most heavily in Nigeria and Health Tech.
Novastar Ventures is a venture capital firm focused on Africa. Its official site says it was founded to “join and fuel an entrepreneurial revolution” transforming markets and sectors across the continent, and its team page identifies the firm as Novastar Ventures Limited, London. The firm also describes itself as backing entrepreneurs building businesses for African markets. Based on the provided investment records, Novastar Ventures has been active in Africa across seed, Series A, Series B, Series D, and other venture rounds. Its portfolio activity is concentrated in Nigeria, Ghana, and Kenya, and spans health tech, fintech, travel and mobility, insurtech, energy and utilities, quick commerce, and e-commerce and retail. Recorded backings include Chowdeck, Turaco, Moniepoint, mPharma, Max Drive, TradeDepot, TeamApt Limited, and PayGo Energy.
Data updated · Sep 20, 2026
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Novastar Ventures has backed 8 African startups across 17 disclosed funding rounds tracked on Liners, totaling $254.5M since 2016.
Mostly Series B: 6 of its 17 tracked rounds are at that stage, followed by Series A (3).
Its tracked rounds lean toward Health Tech (5), Travel & Mobility (4), Fintech (3), and 4 more sectors.
Novastar Ventures most often shares rounds with Global Ventures (3 shared deals), 4DX Ventures (3 shared deals), Zephyr Acorn (2 shared deals).
Novastar Ventures is a venture capital firm focused on Africa. Its own website describes the firm as supporting an entrepreneurial revolution across African markets and sectors.
Recorded Africa portfolio companies include Chowdeck, Turaco, Moniepoint, mPharma, Max Drive, TradeDepot, TeamApt Limited, and PayGo Energy. These companies are spread across Nigeria, Ghana, and Kenya.
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