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Novastar Ventures

Novastar is a venture fund dedicated to finding and growing the "new stars" of East Africa.

The fund was established in 2013, with four companies in the portfolio:

  • Brindge Internation Academies, a company that has developed a "school-in-a-box" system to give poor families in Kenya access to affordable high-quality primary education.
  • The Paradigm Project, a distributor of fuel efficient cookstoves in Kenya.
  • Sanergy. Sanergy offers hygenic sanitation to Kenya's urban slums, with a focus on developing local small entrepreneurs. The company won Financial Times Urban Ingenuity Price in 2013
  • MFarm,  a company that developes SMS and web-based commodity exchange for the 5 million smallholder farmers in Kenya.

Facts

  • Company: Novastar Ventrues
  • Sector: SMB Fund
  • Investment year: 2013
  • Instrument: Fund
  • Committed amount (MNOK): 72,5