British International Investment

Novastar Ventures East Africa Fund I LP

EthiopiaKenyaNigeriaUgandaAfricaBusiness and consumer servicesEducationFinancial servicesFood and agricultureHealthInfrastructureManufacturingTechnology and telecoms

Novastar Ventures East Africa Fund I is a venture fund that invests in innovative, early-stage businesses that widen market access and provide economic opportunities for low-income, mass market populations in East Africa.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $14.65m Africa Business and consumer services, Education, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms March 2014 Active
Investment 02 $350k Africa Business and consumer services, Education, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms March 2015 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Fortem Holdings Limited Kenya East Africa Business and consumer services June 2017 Active
Greenlight Planet Kenya Ltd Kenya East Africa Infrastructure March 2023 Exited
GreenPath Ethiopia East Africa Food and agriculture April 2018 Active
HiviSasa (Mobile Web Limited) Kenya East Africa Business and consumer services June 2015 Active
Komaza FPC Kenya East Africa Manufacturing March 2015 Active
Lynk Jobs Limited Kenya East Africa Business and consumer services May 2017 Active
Mfarm Ltd Kenya East Africa Technology and telecoms June 2014 Active
Moko Home & Living Company Kenya East Africa Manufacturing September 2018 Active
Newglobe Schools Inc Nigeria West Africa Education March 2014 Active
PayGo Energy Kenya East Africa Technology and telecoms April 2017 Exited
Penda Health Ltd Kenya East Africa Health August 2016 Active
Poa International Ltd Kenya East Africa Technology and telecoms June 2016 Active
Sanergy Inc. Kenya East Africa Manufacturing June 2014 Active
Soko Inc. Kenya East Africa Business and consumer services April 2015 Exited
SolarNow Uganda East Africa Financial services October 2014 Exited
The Paradigm Project L3C Kenya East Africa Manufacturing June 2014 Exited

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