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Venture Capital
novastarventures.com

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Investments

18

Funds

4

About 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

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Research containing Novastar Ventures

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CB Insights Intelligence Analysts have mentioned Novastar Ventures in 1 CB Insights research brief, most recently on Oct 13, 2021.

Latest Novastar Ventures News

JPMorgan Chase invests in Novastar Ventures alongside DFID

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.

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Novastar Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/2/2021

Series B

TeamApt

$2M

Yes

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

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$99M

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10

7/18/2019

Series A

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$99M

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10

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

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Amount

$2M

$2M

$28M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

GAN Ventures, Mercy Corps, Musha Ventures, Undisclosed Angel Investors, and Zephyr Acorn

Sources

7

2

5

10

10

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

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$99M

10

9/30/2015

Novastar Ventures Fund I Co-Investment

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$99M

10

Impact Investment Fund

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$99M

10

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

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Status

Amount

$108M

$99M

$99M

$99M

Sources

4

10

10

10

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

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