British International Investment

Novastar Ventures Africa People and Planet Fund III LP

EgyptIndiaKenyaNigeriaEast AfricaWest AfricaBusiness and consumer servicesInfrastructureManufacturing

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 $10m East Africa, West Africa Business and consumer services, Infrastructure, Manufacturing August 2024 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
ARC Ride Ltd Kenya East Africa Business and consumer services December 2025 Active
Breadfast Egypt North Africa Business and consumer services May 2025 Active
Chowdeck Inc Ghana, Nigeria West Africa Manufacturing September 2025 Active
Greenwheels Kenya East Africa Manufacturing September 2025 Active
MoHold Ltd Kenya East Africa Manufacturing December 2025 Active
Sistema.bio Inc India, Kenya East Africa, South Asia Infrastructure November 2024 Active

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