# Novastar Ventures: portfolio, investments and team > Novastar Ventures is a vc firm based in United Kingdom. 10 investments on record, 4 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/novastar-ventures (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Investor](https://millionrounds.com/investors) # Novastar Ventures Last cheque observed Sep 2026; 10 cheques on record. Email Deploying now New fund $1.0M, Oct 2018 VC firm Seed Series A Series B Health Care Insurance Venture Capital & Private Equity Follow Novastar Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnovastar-ventures) Deploying now **80%** of best year **4** **cheques in 12 months**, 10 on record Since the last cheque **52** days **00** hrs **00** min **00** sec Median round **$24M** Cheque size, as they say **$100K – $5.0M** Rounds led **4 of 10** Sole investor **1 rounds** Mostly in **Nigeria, 40%** Pitch Novastar Ventures ## Novastar Ventures highlights - 01 4 cheques in the last 12 months - 02 Mostly Series A and Growth: 63% of its rounds - 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:** Seed Series A Series B Growth - **Sectors:** Health Care Insurance Venture Capital & Private Equity - **Based in:** London, United Kingdom - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2026** 4 rounds - **Sept** **[ARC Ride](https://millionrounds.com/company/arc-ride)** Growth · KE · Disrupt Africa **$33M** *Led* - **Feb** **[Breadfast](https://millionrounds.com/company/breadfast)** Growth · EG · Disrupt Africa **$50M** *Led* - **Jan** **[MAX](https://millionrounds.com/company/max)** Series B · NG · Disrupt Africa **$24M** With 7 others - **Jan** **[Metro Africa Xpress (MAX)](https://millionrounds.com/company/metro-africa-xpress-max)** NG · TechCabal **$24M** With 3 others - **2025** 2 rounds - **Aug** **[Breadfast](https://millionrounds.com/company/breadfast)** Series B · EG · Disrupt Africa **$10M** *Led* - **Aug** **[Chowdeck](https://millionrounds.com/company/chowdeck)** Series A · NG · Disrupt Africa **$9.0M** *Led* - **2024** 1 round - **Oct** **[BasiGo](https://millionrounds.com/company/basigo)** Series A · KE · Disrupt Africa **$42M** With 9 others - **2019** 2 rounds - **Jul** **[Sure Chill](https://millionrounds.com/company/sure-chill)** Series A · GB · TechCabal **$5.0M** With 1 other - **Jun** **[MAX.ng](https://millionrounds.com/company/max-ng)** NG · FinSMEs **$7.5M** With 3 others - **2014** 1 round - **Oct** **[SolarNOW](https://millionrounds.com/company/solarnow)** Venture · UG **$2.5M** Sole 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 registration **14 named** AB **Andrew Bruce Carruthers** director i Company register since 2019 AK **Ashraf Kumar Ramtoola** Director i Filing they signed BW **Brigit Winnie Zesiro Operu** director i Company register since 2025 CS **Charu Sarathy** Director i Filing they signed CY **Christiane Yeung Chin Shing** Director i Filing they signed KH **Kamal Haasan Iyaroo** Director i Filing they signed KS **Kim Sze Tan** director i Company register since 2019 NT **Nghi Thuy Tran** secretary i Company register since 2019 RF **Robin Farkas** Director, Promoter i Filing they signed RK **Rooksana Kumar Shahabally** Director i Filing they signed SY **Shohei Yamada** director i Company register since 2023 SR **Steven Robert Beck** director i Company register since 2019 VK **Vijay Kumar Angadi** Director, Promoter i Filing they signed RL **Rebecca Louise Hume** director i Company register since 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 file numbered 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 Investment** 3 funds](https://millionrounds.com/fund/british-international-investment-bii) Fund Vintage Committed 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 International** 2 funds](https://millionrounds.com/fund/swedfund-international) Fund Vintage Committed Novastar Ventures Africa People and Planet Fund III (NVIII) - - Novastar Ventures Novastar Ventures Africa People and Planet Fund III - - - [**Green Climate Fund** 2 funds](https://millionrounds.com/fund/green-climate-fund-2) Fund Vintage Committed Novastar Ventures Novastar Ventures Africa People and Planet Fund III - - Novastar Ventures Africa People & Planet Fund III - - - [**Norfund** 2 funds](https://millionrounds.com/fund/norfund) Fund Vintage Committed Novastar Ventures Novastar Ventures Africa People and Planet Fund III - - Novastar Ventures Africa People and Planet Fund III (NVIII) - - - [**PROPARCO** 2 funds](https://millionrounds.com/fund/proparco) Fund Vintage Committed Novastar Ventures Novastar Ventures Africa People and Planet Fund III - - Novastar Ventures Africa People and Planet Fund III (NVIII) - - - [**COFIDES** 2 funds](https://millionrounds.com/fund/cofides) Fund Vintage Committed Novastar Ventures Novastar Ventures Africa People and Planet Fund III - - Novastar Ventures Africa People and Planet Fund III (NVIII) - - - [**Mitsui O.S.K. Lines** 2 funds](https://millionrounds.com/fund/mitsui-o-s-k-lines) Fund Vintage Committed Novastar Ventures Africa People and Planet Fund III (NVIII) - - Novastar Ventures Africa People & Planet Fund III - - - [**Japan International Cooperation Agency Jica** 1 fund](https://millionrounds.com/fund/project-ninja) Fund Vintage Committed Novastar Ventures Africa People and Planet Fund III (NVIII) - - - [**SBI Investment** 1 fund](https://millionrounds.com/fund/sbi-investment) Fund Vintage Committed Novastar Ventures Africa People and Planet Fund III (NVIII) - - - [**Mitsubishi Corporation** 1 fund](https://millionrounds.com/fund/mitsubishi-corporation) Fund Vintage Committed Novastar Ventures Africa People and Planet Fund III (NVIII) - - - [**Sumitomo Mitsui Banking Corporation** 1 fund](https://millionrounds.com/fund/sumitomo-mitsui-banking-corporation) Fund Vintage Committed Novastar Ventures Africa People & Planet Fund III - - New fund on file **$1.0M** raised in Oct 2018 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$24M** the round, not its cheque Alone, median **$2.5M** Led 4 of 10 rounds **40%** - **Said size:** $100K – $5.0M - **Sole investor:** 1 rounds - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series A said *3* - Growth said *2* - Series B said *2* - Venture *1* - Seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) 2 - [British International Investment](https://millionrounds.com/fund/british-international-investment-bii) 2 - [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) 2 - [Energy Entrepreneurs Growth Fund (EEGF) managed by Triple Jump](https://millionrounds.com/fund/energy-entrepreneurs-growth-fund-eegf-managed-by-triple-jump) 2 - [Equitane DMCC](https://millionrounds.com/fund/equitane-dmcc) 2 - [European Bank for Reconstruction and Development](https://millionrounds.com/fund/ebrd) 2 **Pitching Novastar Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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 Energy** VC firm **2** rounds together](https://millionrounds.com/fund/breakthrough-energy)[**British International Investment** Government **2** rounds together](https://millionrounds.com/fund/british-international-investment-bii)[**Endeavor Catalyst** Corporate VC **2** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**Energy Entrepreneurs Growth Fund (EEGF) managed by Triple Jump** Growth equity **2** rounds together](https://millionrounds.com/fund/energy-entrepreneurs-growth-fund-eegf-managed-by-triple-jump)[**Equitane DMCC** Growth equity **2** rounds together](https://millionrounds.com/fund/equitane-dmcc)[**European Bank for Reconstruction and Development** Private equity **2** rounds together](https://millionrounds.com/fund/ebrd)[**International Finance Corporation** Government **2** rounds together](https://millionrounds.com/fund/international-finance-corporation-ifc)[**Y Combinator** Accelerator **2** rounds together](https://millionrounds.com/fund/y-combinator) ## Recently backed The latest companies Novastar Ventures put money into. [**Breadfast** $50M · Feb 2026](https://millionrounds.com/company/breadfast)[**Chowdeck** $9.0M · Aug 2025](https://millionrounds.com/company/chowdeck)[**BasiGo** $42M · Oct 2024](https://millionrounds.com/company/basigo)[**Sure Chill** $5.0M · Jul 2019](https://millionrounds.com/company/sure-chill) ## 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). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=novastar-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=novastar-ventures)