Novastar Ventures is a venture capital firm founded in 2014, investing in early-stage, technology-led businesses across Africa. The firm partners with bold entrepreneurs building scalable solutions for people and planet, with offices in London, Nairobi, and Lagos.
Average disclosed round size is $40.3M (across 24 rounds with reported amounts).
Portfolio
21
Fund Size
$147M
Top Stage
Series B
Last 12 Mo
1
Team
Andrew Carruthers
Co-founder & Managing Partner
Brian Waswani Odhiambo
Partner
Sapna Shah
Partner
Dot Beck
Director, Social & Environmental Value
Bertie Biggles
VP, Guest Relations
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
29 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| BBreadfast Equity | Series C | $50M | Jan 2026 |
 Chowdeck | Series A | $9M | Aug 2025 |
 Moniepoint | Series C | $200M | Oct 2024 |
 Sistema.bio | Series B | $53M | Jan 2024 |
 PayGo Energy | Series B | $10M | Jan 2023 |
 BasiGo | Series A | $6.6M | Nov 2022 |
| TTeamApt Inc. | Series B | $50M | Aug 2022 |
| TTeamapt | Series B | — | Aug 2022 |
| TTeamapt | Series C | — | Aug 2022 |
| BasiGo | Seed | $4.3M | Feb 2022 |
| PPoa Internet | Series C | $28M | Jan 2022 |
 mPharma | Series D | $35M | Jan 2022 |
 MAX | Series B | $31M | Dec 2021 |
 TradeDepot Inc. | Series B | $110M | Dec 2021 |
| TTradeDepot Inc | Series B | $110M | Jan 2021 |
| SSure Chill | Unknown | — | Jul 2019 |
| MMAX.ng | Series A | $7M | Jun 2019 |
| SSolarNow | Series B | $9M | Dec 2017 |
| SSolarNow | Series B | $9M | Jan 2017 |
| SSanergy Inc. | Unknown | $1.7M | Feb 2016 |
| SSolarNow | Unknown | $2.5M | Jan 2014 |
| Moniepoint | Series C | $200M | — |
| MMoko | Series B | $6.5M | — |
| MMoko | Series A | — | — |
 Ignitia | Unknown | $4.2M | — |
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Top Co-Investors
British International Investment13 shared
Globo Ventures5 shared
FMO4 shared
Lightrock3 shared
Proparco3 shared
Endeavor3 shared
Y Combinator2 shared
AAIC Investment2 shared
Partech Africa2 shared
Arcadia Funds, LLC2 shared
Oui Capital2 shared
Soma Capital2 shared
Visa Ventures2 shared
Google's Africa Investment Fund2 shared
New Voices Fund2 shared
Strategic Development Fund2 shared
LeapFrog Investments2 shared
QED Investors2 shared
Shell Ventures2 shared
Last updated: 8 September 2026