British International Investment

Novastar Ventures East Africa Fund I LP

EthiopiaKenyaNigeriaUgandaAfricaCommunications & IT servicesConsumer - EducationConsumer - HealthConsumer - other servicesFinancial servicesFood & AgricultureInfrastructureManufacturing

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 Communications & IT services, Consumer - Education, Consumer - Health, Consumer - other services, Financial services, Food & Agriculture, Infrastructure, Manufacturing March 2014 Active
Investment 02 $350k Communications & IT services, Consumer - Education, Consumer - Health, Consumer - other services, Financial services, Food & Agriculture, Infrastructure, Manufacturing March 2015 Active

Investments made by this fund into companies:

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

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