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Novastar Ventures

Investor type Venture Capital
Founders Andrew Carruthers Steve Beck


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 50
Average round size
The average size of a deal this fund participated in
Portfolio companies 24
Rounds per year 5.56
Lead investments 8
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees 6

Areas of investment

  • Logistics
  • Supply Chain Management
  • Agriculture
  • Health Care
  • Clean Energy

The fund was located in Africa if to be more exact in Kenya. The main department of described VC is located in the Nairobi.

The usual cause for the fund is to invest in rounds with 1-2 partakers. Despite the Novastar Ventures, startups are often financed by SunFunder, Peery Foundation, Bill & Melinda Gates Foundation. The meaningful sponsors for the fund in investment in the same round are Unreasonable Capital, Global Partnerships, Yamaha Motor Co.,. In the next rounds fund is usually obtained by Unreasonable Capital, United States Agency for International Development, SunFunder.

Among the most popular portfolio startups of the fund, we may highlight Sanergy, Sure Chill, PayGo Energy. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Kenya. Among the most successful fund investment fields, there are Logistics, Social Entrepreneurship. The fund has specific favorite in a number of founders of portfolio startups. When startup sums 2 or 5+ of the founder, the probability for it to get the investment is little. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund.

The fund is constantly included in 2-6 investment rounds annually. The usual things for fund are deals in the range of 1 - 5 millions dollars. Speaking about the real fund results, this VC is 36 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2017.

This organization was formed by Steve Beck. Besides them, we counted 6 critical employees of this fund in our database.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Novastar Ventures:
Typical Co-investors
Novastar Ventures is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Novastar Ventures:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Public Transportation
$6M15 Nov 2022 Nairobi, Nairobi Area, Kenya

MoKo Home + Living

$3M13 Oct 2022 Nairobi, Nairobi Area, Kenya


Financial Services
$10M31 Aug 2022 Kenya, Kenya


Information Technology
Packaging Services
Supply Chain Management
$9M18 Aug 2022 Nairobi, Nairobi, Kenya


Financial Services
$50M10 Aug 2022 Nigeria, Lagos, Nigeria


Public Transportation
$3M09 Feb 2022 Nairobi, Nairobi Area, Kenya

Poa Internet

Information Services
$28M18 Jan 2022 Nairobi, Nairobi, Kenya


Health Care
$30M05 Jan 2022 Accra, Ghana

Metro Africa Express

Supply Chain Management
$31M19 Dec 2021 Lagos, Lagos, Nigeria


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