Investments
18Funds
4About Novastar Ventures
Novastar backs early stage businesses led by entrepreneurs with the capability and ambition to transform markets at the base-of-the-pyramid (BoP). These enterprises address proven demand for basic goods and services with innovative business models that widen access, improve quality, and lower cost for the mass market.
Novastar Ventures Headquarter Location
76 Hillbury Road
London, England, SW17 8JT,
United Kingdom
Research containing Novastar Ventures
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Novastar Ventures in 1 CB Insights research brief, most recently on Oct 13, 2021.
Latest Novastar Ventures News
Oct 12, 2021
07/12/2014 JPMorgan Chase and the UK’s Department for International Development, DFID have joined forces to invest in Novastar Ventures. The USD 15mn investment by DFID is part of the first impact investment fund it launched in 2013 and that is managed by the CDC. JPMorgan has committed USD 5mn. Novastar Ventures is dedicated to investing in East Africa and will develop and grow early-stage businesses operating in sectors such as healthcare, energy, housing, education and sanitation. It recently invested in Bridge International Academies, which provides affordable, primary education to students from low-income households. Since 2009, Bridge has built more than 250 schools in Kenya and has hired over 3,000 employees.
Novastar Ventures Investments
18 Investments
Novastar Ventures has made 18 investments. Their latest investment was in TeamApt as part of their Series B on July 7, 2021.
Novastar Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/2/2021 | Series B | TeamApt | $2M | Yes | CDC Group, Endeavor, FMO, Kepple Africa Ventures, Oui Capital, Soma Capital, and Undisclosed Angel Investors | 7 |
11/11/2020 | Seed VC - II | Turaco | $2M | Yes | GAN Ventures, Mercy Corps, Musha Ventures, Undisclosed Angel Investors, and Zephyr Acorn | 2 |
7/14/2020 | Series B | Komaza Group | $28M | Yes | 5 | |
4/10/2020 | Series C | |||||
7/18/2019 | Series A |
Date | 7/2/2021 | 11/11/2020 | 7/14/2020 | 4/10/2020 | 7/18/2019 |
|---|---|---|---|---|---|
Round | Series B | Seed VC - II | Series B | Series C | Series A |
Company | TeamApt | Turaco | Komaza Group | ||
Amount | $2M | $2M | $28M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | CDC Group, Endeavor, FMO, Kepple Africa Ventures, Oui Capital, Soma Capital, and Undisclosed Angel Investors | GAN Ventures, Mercy Corps, Musha Ventures, Undisclosed Angel Investors, and Zephyr Acorn | |||
Sources | 7 | 2 | 5 |
Novastar Ventures Fund History
4 Fund Histories
Novastar Ventures has 4 funds, including Novastar Ventures Africa Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/12/2020 | Novastar Ventures Africa Fund II | Multi-Stage Venture Capital | $108M | 4 | |
9/30/2015 | Novastar Ventures East Africa Fund | ||||
9/30/2015 | Novastar Ventures Fund I Co-Investment | ||||
Impact Investment Fund |
Closing Date | 5/12/2020 | 9/30/2015 | 9/30/2015 | |
|---|---|---|---|---|
Fund | Novastar Ventures Africa Fund II | Novastar Ventures East Africa Fund | Novastar Ventures Fund I Co-Investment | Impact Investment Fund |
Fund Type | Multi-Stage Venture Capital | |||
Status | ||||
Amount | $108M | |||
Sources | 4 |
Novastar Ventures Team
1 Team Member
Novastar Ventures has 1 team member, including current Managing Director, Andrew Carruthers.
Name | Work History | Title | Status |
|---|---|---|---|
Andrew Carruthers | Spark Ventures, Oxford Analytica, and KPMG | Managing Director | Current |
Name | Andrew Carruthers |
|---|---|
Work History | Spark Ventures, Oxford Analytica, and KPMG |
Title | Managing Director |
Status | Current |