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Backing the entrepreneurs reshaping Africa's markets

Novastar Ventures is one of Africa's first and largest venture capital firms. Since 2014, we've backed bold entrepreneurs reshaping markets — creating financial, social and environmental value for people and planet.

Investing where capital can do the most good

We back businesses that meet the essential needs of low- and middle-income consumers — financial services, food, energy, healthcare and mobility — at the scale these markets demand.

Our mission

To prove that returns and impact are not a trade-off — but two halves of the same opportunity.

We invest patient, hands-on capital in companies whose growth lifts the markets around them. Every business we back is judged on the value it creates for its customers as much as its investors.

At a glance

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Years investing across Africa
$ 0 M
Assets under management
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Follow-on capital for every $1 we invest

Partnership that goes far beyond capital

We back founders early and stay for the long run — bringing operating experience, networks and follow-on capital to help great companies become category leaders.

The principles behind every investment

Impact at scale

We back businesses whose growth lifts the markets and communities around them.

Local insight

Teams on the ground in the markets we invest in, not visitors to them.

Patient conviction

Long-term, hands-on capital that stays the course with the founders we back.

We invest in the businesses solving Africa's hardest problems — because that's where the most enduring value is built.

Investors and operators, on the ground

Meet the full team
Abel Boreto

Abel Boreto

Investment Director
Andrew Carruthers

Andrew Carruthers

Co-founder & Managing Partner
Brian Waswani Odhiambo

Brian Waswani Odhiambo

Partner
Dayo Oduleye

Dayo Oduleye

Investment Associate

Three offices, one continent's opportunity

Nairobi East Africa hub

Our largest team, close to the founders and markets we serve.

London Fund management

Fund operations and our global investor relationships.

Lagos West Africa hub

On the ground across Nigeria and West Africa's fast-growing markets.

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