Novastar Ventures

Novastar Ventures is a Kenya-headquartered venture capital firm that supports startups and growth-stage companies across Africa. It partners with bold entrepreneurs to build and scale business models that serve the mass market, with a focus on sectors including healthcare, education, energy, housing and sanitation, agribusiness, food, water, information technology and financial services. The firm targets opportunities in East and West Africa and maintains offices in Nairobi, Lagos and London to connect multiple centres of activity. Rather than a traditional fund manager, it acts as a venture catalyst, helping entrepreneurs design innovative solutions, access capital, and achieve durable impact for people and markets across the continent.

Steve Beck

Managing Partner

Abel Boreto

Associate

Andrew Carruthers

Managing Partner

Oluwatoyin Emmanuel-Olubake

Managing Director

Simon Harford

Investor

Samuel Kanu

Associate

Dominic Michel

Associate

Mathews Ndubi

Investor

Brian Waswani Odhiambo

Managing Director

Sapna Shah

Partner

Toke Soyebo, C.

Associate

Niraj Varia

Partner

Riki Yamauchi

Director, Strategic Investments and Partnerships

Past deals in Nigeria

TeamApt

Series B in 2022
TeamApt is a financial technology company that develops digital banking and payment platform for financial transactions. It offers an end-to-end omnichannel digital banking service called Moneytor Digital Banking, enabling banks to offer retail, merchant, and corporate banking services through digital channels, Aptpay for automation of digital banking business operations, settlements, reconciliations, and tracks digital transformation processes with web and mobile interfaces. TeamApt was founded in 2015 and is headquartered in Lekki, Lagos, Nigeria.

TradeDepot

Series B in 2021
Founded in 2016, TradeDepot is a SaaS platform that connects FMCG distributors, wholesalers, and retailers across Africa. It leverages real-time stock level tracking, predictive trade intelligence, and automated sales promotions to boost sales and improve distribution efficiency.

Moniepoint

Series B in 2021
Moniepoint is a fintech company offering comprehensive financial services for businesses. Its platform enables businesses to create accounts, accept online payments, manage expenses, access credit facilities, and more.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.