---
title: "Novastar Ventures"
description: "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."
canonical_url: "https://liners.com/investors/novastar-ventures"
markdown_url: "https://liners.com/investors/novastar-ventures.md"
type: "investor"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/investors/novastar-ventures/favicon.png?v=1785330175165"
updated_at: "2026-09-20T03:01:48.596Z"
---

# Novastar Ventures

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.

## Breadcrumbs

- [Investors](/investors)
- [Novastar Ventures](/investors/novastar-ventures)

## Summary

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.

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## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| Max Drive | /maxdrive | Debt Financing | 12000000 | 2026-01-01T00:00:00.000Z |
| Chowdeck | /chowdeck | Series A | 9000000 | 2025-08-01T00:00:00.000Z |
| Turaco | /turaco | Series A | 10000000 | 2022-09-01T00:00:00.000Z |
| Moniepoint | /moniepoint | Series B | 50000000 | 2022-08-01T00:00:00.000Z |
| mPharma | /mpharma | Series D | 35000000 | 2022-01-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

## Access and citation

- [Canonical HTML page](https://liners.com/investors/novastar-ventures)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)