British International Investment

Novastar Ventures Africa Fund II

East AfricaGhanaKenyaNigeriaWest AfricaAfricaBusiness and consumer servicesFinancial servicesFood and agricultureHealthInfrastructureManufacturingTechnology and telecoms

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 Business and consumer services, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms 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 Health January 2021 Active
Fortem Holdings Limited (iProcure) Kenya East Africa Business and consumer services December 2021 Active
Ignitia AB West Africa Africa Technology and telecoms April 2021 Active
KOKO Networks Limited Kenya East Africa Food and agriculture October 2023 Active
Metro Africa Xpress (MAX.NG) Nigeria West Africa Business and consumer services June 2019 Active
Moniepoint Inc. Nigeria West Africa Financial services March 2021 Active
mPharma Data Inc Ghana, Kenya, Nigeria East Africa, West Africa Health May 2019 Active
Poa International Ltd Kenya East Africa Technology and telecoms December 2021 Active
Sure Chill Kenya East Africa Manufacturing May 2019 Active
TradeDepot Inc Nigeria West Africa Business and consumer services October 2021 Active
Turaco Inc. East Africa Africa Financial services November 2020 Active

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