NO

Novastar Ventures

VC
Nairobi, KenyaWebsite
Stage

Seed, Series A

Check Size

$500K – $4.0M

AUM

$200M

Portfolio

26+ companies

Team

11 partners

Investor activity
Investments in last 12 months: 0

Investment Thesis

Africa-focused VC investing in high-impact companies, with a long track record in inclusive fintech.

Meet the Team

AB

Abel Boreto

Investment Director

Networking
travelling
reading
farming

Abel is an Investment Director at Novastar Ventures East Africa Advisors Limited, Nairobi. He started his career in 2011 as a Credit Research Analyst at Bloomberg L.P. in the US and later launched Sarora Dairies in Kenya. Abel joined Novastar in June 2019.

DO

Dieko Ojo

Investment Associate

Podcast gems
collecting statement glasses
building from scratch
curating the perfect playlist
the kindness initiative

Dieko is an Investment Associate at Novastar West Africa Limited. She began her career at Uber, supported Moove’s market expansion, and served as Technical Advisor to the CEO at MoMo PSB. She holds a BSc in Economics and International Economics from the University of Nottingham.

BW

Brian Waswani Odhiambo

Partner

Mobility
B2B commerce & fintech
Investment activity in West Africa
building a career in venture capital

Brian is a Partner at Novastar Ventures West Africa Limited, Lagos. He co-founded Zamsolar and was COO at Livelyhoods. He joined Novastar in January 2015 and now heads up the team in Lagos.

SF

Sara Firouzyar

Chief Marketing Officer

RY

Riki Yamauchi

Director

DM

Dominic Michel

Investment Director

Energy access in sub-Saharan Africa
Measuring social and environmental value
Tottenham Hotspur

Dominic is an Investment Director at Novastar Ventures Limited, London. He worked in corporate finance for EY and an NGO in Uganda before joining Novastar in 2019. He is a Chartered Accountant with a BA in History and Politics from the University of Nottingham.

SB

Steve Beck

Co-founder & Managing Partner

Author Wendell Berry
African start-ups
venture capital

Steve is Co-founder & Managing Partner at Novastar Ventures Limited, London. He has been investing in African start-ups since 2009 and co-founded Novastar’s first fund. He previously led global consulting businesses and Geneva Global, a philanthropic investment bank.

WZ

Winnie Zesiro

Finance Director

SS

Sapna Shah

Partner

Primary healthcare sector in East Africa
scaling a coffee business in Kenya
nutrition
fitness

Sapna is a Partner at Novastar Ventures East Africa Advisors Limited, Nairobi. She started her career in international banking and later joined Acumen as an investor. She co-founded a food start-up and joined Novastar in 2015. Sapna graduated from the London School of Economics.

AC

Andrew Carruthers

Co-founder & Managing Partner

Taking risks and going fast
motorcycle safaris
water divining

Andrew is Co-founder & Managing Partner at Novastar Ventures Limited, London. He began investing in start-ups in 1996 and launched his first fund on the London Stock Exchange in 1999. He co-founded Novastar’s first fund in 2014 with Steve Beck.

DO

Dayo Oduleye

Investment Analyst

Education in Africa
data analytics
architectural evolution
football

Dayo is an Investment Analyst at Novastar Ventures West Africa Limited, Lagos. He has 12 years of experience, including five years supporting entrepreneurs in the Middle East, Pakistan, and Africa. He holds a BSc in Statistics and an MBA from Obafemi Awolowo University.

Industry Focus

Invests In

Other
Fintech
Healthcare
AI / ML
EdTech

Portfolio Companies (26)

Other

BA

BasiGo

Electric buses
BR

Breadfast

Delivery of household goods
EL

Elephant

Healthcare digitization
GR

GreenPath

Regenerative agriculture
IG

Ignitia

Tropical weather forecasting
IP

iProcure

Rural supply chain optimization
KO

KOKO Networks

Urban technology
KO

Komaza

Forestry
MA

MAX

Transport sector formalization
MO

MoKo

Home furniture

Browse More Investors

Frequently Asked Questions

See if Novastar Ventures is a match for your startup

Upload your pitch deck to see how well you match with Novastar Ventures and 200+ other VC firms.