United Kingdom · Investor

Novastar Ventures

Last cheque observed Sep 2026; 10 cheques on record.

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Deploying nowNew fund $1.0M, Oct 2018VC firm

SeedSeries ASeries BHealth CareInsuranceVenture Capital & Private Equity

Deploying now
80%of best year4cheques in 12 months, 10 on record
Since the last cheque52days00hrs00min00sec
Median round$24MCheque size, as they say$100K – $5.0MRounds led4 of 10Sole investor1 roundsMostly inNigeria, 40%
Pitch Novastar Ventures

Novastar Ventures highlights

  1. 01

    4 cheques in the last 12 months

  2. 02

    Mostly Series A and Growth: 63% of its rounds

  3. 03

    Sole investor in 1 rounds, median $2.5M

What they do

Novastar Ventures announces the final close of its third fund, Novastar Ventures Africa People and Planet Fund III (NVIII), at US$147 million.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$100K – $5.0M as they say
Stages
SeedSeries ASeries BGrowth
Sectors
Health CareInsuranceVenture Capital & Private Equity
Based in
London, United Kingdom
Cold pitches
Not stated

The record

Every round we can evidence, newest first10 appearances

  1. 2026

    4 rounds

  2. Sept
    ARC RideGrowth · KE · Disrupt Africa$33MLed
  3. Feb
    BreadfastGrowth · EG · Disrupt Africa$50MLed
  4. Jan
    MAXSeries B · NG · Disrupt Africa$24MWith 7 others
  5. Jan
    Metro Africa Xpress (MAX)NG · TechCabal$24MWith 3 others
  6. 2025

    2 rounds

  7. Aug
    BreadfastSeries B · EG · Disrupt Africa$10MLed
  8. Aug
    ChowdeckSeries A · NG · Disrupt Africa$9.0MLed
  9. 2024

    1 round

  10. Oct
    BasiGoSeries A · KE · Disrupt Africa$42MWith 9 others
  11. 2019

    2 rounds

  12. Jul
    Sure ChillSeries A · GB · TechCabal$5.0MWith 1 other
  13. Jun
    MAX.ngNG · FinSMEs$7.5MWith 3 others
  14. 2014

    1 round

  15. Oct
    SolarNOWVenture · UG$2.5MSole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration14 named

ABAndrew Bruce CarruthersdirectoriCompany registersince 2019
AKAshraf Kumar RamtoolaDirectoriFiling they signed
BWBrigit Winnie Zesiro OperudirectoriCompany registersince 2025
CSCharu SarathyDirectoriFiling they signed
CYChristiane Yeung Chin ShingDirectoriFiling they signed
KHKamal Haasan IyarooDirectoriFiling they signed
KSKim Sze TandirectoriCompany registersince 2019
NTNghi Thuy TransecretaryiCompany registersince 2019
RFRobin FarkasDirector, PromoteriFiling they signed
RKRooksana Kumar ShahaballyDirectoriFiling they signed
SYShohei YamadadirectoriCompany registersince 2023
SRSteven Robert BeckdirectoriCompany registersince 2019
VKVijay Kumar AngadiDirector, PromoteriFiling they signed
RLRebecca Louise HumedirectoriCompany registersince 2019

We also hold 36 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the UK company register, which it must file accurately by law

5+funds on filenumbered funds in its name
Companies House
12230248, since 2019

Who backs their funds

11 LPs on record in Novastar Ventures's funds

Funds
3

The institutions that put money into its funds, which the firm then invests in companies.Source: fund news.

  • British International Investment3 funds
    FundVintageCommitted
    Novastar Ventures Novastar Ventures Africa People and Planet Fund III--
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
    Novastar Ventures Africa People & Planet Fund III--
  • Swedfund International2 funds
    FundVintageCommitted
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
    Novastar Ventures Novastar Ventures Africa People and Planet Fund III--
  • Green Climate Fund2 funds
    FundVintageCommitted
    Novastar Ventures Novastar Ventures Africa People and Planet Fund III--
    Novastar Ventures Africa People & Planet Fund III--
  • Norfund2 funds
    FundVintageCommitted
    Novastar Ventures Novastar Ventures Africa People and Planet Fund III--
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
  • PROPARCO2 funds
    FundVintageCommitted
    Novastar Ventures Novastar Ventures Africa People and Planet Fund III--
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
  • COFIDES2 funds
    FundVintageCommitted
    Novastar Ventures Novastar Ventures Africa People and Planet Fund III--
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
  • Mitsui O.S.K. Lines2 funds
    FundVintageCommitted
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
    Novastar Ventures Africa People & Planet Fund III--
  • Japan International Cooperation Agency Jica1 fund
    FundVintageCommitted
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
  • SBI Investment1 fund
    FundVintageCommitted
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
  • Mitsubishi Corporation1 fund
    FundVintageCommitted
    Novastar Ventures Africa People and Planet Fund III (NVIII)--
  • Sumitomo Mitsui Banking Corporation1 fund
    FundVintageCommitted
    Novastar Ventures Africa People & Planet Fund III--

Who they invest alongside

The investors most often in the same rounds as Novastar Ventures. A count of rooms they were both in, not a relationship either has claimed.

Breakthrough EnergyVC firm2rounds togetherBritish International InvestmentGovernment2rounds togetherEndeavor CatalystCorporate VC2rounds togetherEnergy Entrepreneurs Growth Fund (EEGF) managed by Triple JumpGrowth equity2rounds togetherEquitane DMCCGrowth equity2rounds togetherEuropean Bank for Reconstruction and DevelopmentPrivate equity2rounds togetherInternational Finance CorporationGovernment2rounds togetherY CombinatorAccelerator2rounds together

Recently backed

The latest companies Novastar Ventures put money into.

Breadfast$50M · Feb 2026Chowdeck$9.0M · Aug 2025BasiGo$42M · Oct 2024Sure Chill$5.0M · Jul 2019

Quick answers about Novastar Ventures

What does Novastar Ventures invest in?

Novastar Ventures invests most often at Series A and Growth (63% of the rounds on record), in sectors such as Health Care, Insurance and Venture Capital & Private Equity.

How active is Novastar Ventures?

10 investments on record, 4 of them in the last 12 months, and it led 4. The most recent was in Sept 2026.

What has Novastar Ventures invested in recently?

Its most recent investments on record: ARC Ride (Growth, Sept 2026), Breadfast (Growth, Feb 2026) and MAX (Series B, Jan 2026).

How big are Novastar Ventures's cheques?

The median round it joins is $24M. It says it writes cheques of $100K to $5.0M.

Does Novastar Ventures lead rounds?

Yes: it led 4 of its 10 investments on record (40%).

Where does Novastar Ventures invest?

Most of the companies it backs are in Nigeria (40%), Kenya (20%) and Egypt (20%).

Is Novastar Ventures investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

Who does Novastar Ventures invest alongside?

Most often Breakthrough Energy (2 rounds together), British International Investment (2 rounds together) and Endeavor Catalyst (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it