British International Investment

Novastar Ventures Africa Fund II

East AfricaGhanaKenyaNigeriaWest AfricaAfricaCommunications & IT servicesConsumer - HealthConsumer - other servicesFinancial servicesFood & AgricultureInfrastructureManufacturing

Novastar Ventures is a Nairobi-based venture capital firm which specialises in early stage ventures in East Africa. The firm primarily invests in education, healthcare, agri-businesses, food, and water sectors which target low-income communities.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $15m Communications & IT services, Consumer - Health, Consumer - other services, Financial services, Food & Agriculture, Infrastructure, Manufacturing October 2018 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
BasiGo Inc. Kenya East Africa Infrastructure February 2022 Active
Elephant Healthcare Limited Kenya East Africa Consumer - Health January 2021 Active
Fortem Holdings Limited (iProcure) Kenya East Africa Food & Agriculture December 2021 Active
Ignitia AB West Africa Africa Communications & IT services April 2021 Active
KOKO Networks Limited Kenya East Africa Food & Agriculture October 2023 Active
Metro Africa Xpress (MAX.NG) Nigeria West Africa Consumer - other services June 2019 Active
Moniepoint Inc. Nigeria West Africa Financial services March 2021 Active
mPharma Data Inc Ghana, Kenya, Nigeria East Africa, West Africa Consumer - Health May 2019 Active
Poa International Limited (POA) Kenya East Africa Communications & IT services December 2021 Active
Sure Chill Kenya East Africa Manufacturing May 2019 Active
TradeDepot Inc Nigeria West Africa Consumer - other services October 2021 Active
Turaco Inc. East Africa Africa Financial services November 2020 Active

Subscribe to receive our latest news and updates