Novastar Ventures

Novastar Ventures

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Headquarters Location

Kenya, Nairobi

About

The primary office of this VC is located in Nairobi. The fund is located in Kenya, Africa.

The fund has specific requirements for the number of founders in a start-up. When a start-up has 2 or 5+ founders, the probability of closing the deal is low. Among their most successful investment fields, we have identified Logistics, Social Entrepreneurship. Also, because of its portfolio diversification tendency, we can highlight 8 more industries for this fund. Sanergy, Sure Chill, PayGo Energy are among the most popular portfolio start-ups of the fund. The country of its foundation and the country of its most frequent investments coincides - Kenya. Besides this, the fund also invested in 3 other countries. Moreover, a start-up needs to be 6-10 years old to get investment from this fund.

This VC was founded by Steve Beck. Besides the listed founders, we have found 6 key employees of this fund in our database.

The usual method for the fund is to invest in rounds with 1-2 other investors. Aside from Novastar Ventures, start-ups are often funded by SunFunder, Peery Foundation, Bill & Melinda Gates Foundation and 1 other fund. The most common co-investors for the fund are Unreasonable Capital, Global Partnerships, Yamaha Motor Co.,. In subsequent rounds, the fund is usually joined by Unreasonable Capital, United States Agency for International Development, SunFunder.

The fund usually participates in 2-6 investment rounds per year. In terms of the fund's performance, this VC has 36 percentage points more exits when compared to other organizations. Typical investments for this fund are deals in the range of 1 - 5 millions dollars. The fund's activity peaked in 2017. Besides, in 2019 the fund was active.

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: novastarventures.com; User name format in descending order of probability: first

Group Appearance [how often fund is operating separately from groups with shared interest]

80.0% of cases

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

22.2% of cases

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