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Since 2016, Novastar Ventures has backed 9 African startups across 21 disclosed funding rounds totaling $296.5M, most heavily in Nigeria and Health Tech.
Novastar Ventures is a venture capital firm focused on investing in African businesses. Its official materials say it is authorized and regulated in the United Kingdom, with a registered office in London, and that the team and work also span Nairobi and Lagos. In Africa, Novastar backs early and growth-stage companies across sectors including financial services, healthcare, education, agriculture, energy, mobility, telecom and connectivity, and consumer-facing businesses. The investment record provided shows activity concentrated in Nigeria, Kenya, and Ghana, with repeated investments in companies such as Poa Internet, PayGo Energy, mPharma, Max Drive, TeamApt, Turaco, Moniepoint, TradeDepot, and Chowdeck. Official and third-party institutional sources describe Novastar as an early-stage investor that seeks businesses with the potential to widen access, improve quality, and lower cost for mass-market customers, alongside positive social and environmental impact.
Data updated · Aug 8, 2026
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Novastar Ventures has backed 9 African startups across 21 disclosed funding rounds tracked on Liners, totaling $296.5M since 2016.
Mostly Series B: 6 of its 21 tracked rounds are at that stage, followed by Series A (5).
Its tracked rounds lean toward Health Tech (5), Travel & Mobility (4), Telecom & Connectivity (4), and 5 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 African businesses. Its official website states that it is authorized and regulated in the United Kingdom and that its work spans London, Nairobi, and Lagos.
The companies listed in the provided record include Chowdeck, Turaco, Moniepoint, mPharma, Poa Internet, Max Drive, TradeDepot, TeamApt Limited, and PayGo Energy. These examples show repeated backing of African startups across fintech, health, mobility, connectivity, and energy.