Novastar Ventures Africa Fund II
Africa
Region
75.5
Commitment (MNOK)
Active
Status
Novastar Ventures Africa Fund II is the successor fund to Novastar Ventures East Africa Fund. The fund is a true venture fund targeting both East and West Africa
Key information
- Sector:
- SME Funds
- Commitment (MNOK):
- 75.5
- Year:
- 2020
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Mauritius
- Instrument:
- Funds
- Status:
- Active
- Mandate:
- Development
Novastar Ventures Africa Fund II investments
| Investee | Sector | Country |
|---|---|---|
| Iprocure Limited | Kenya | |
| POA International Limited | Kenya | |
| Basis Go | Kenya | |
| TradeDepot Inc. | Other | |
| Turaco | Other | |
| Sure Chill | Other | |
| Elephant Healthcare Limited | Other | |
| Ignita AB | Other | |
| Metro Africa Xpress | Other | |
| mPharma | Other | |
| Team Apt Limited | Nigeria |
Additionality for Novastar Ventures Africa Fund II
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in capital constrained markets
- Investing in risky markets
- Investing in difficult business environments
- Investing in high risk instruments
- Taking an active role in investments
- Promoting social and environmental standards
