Novastar Ventures

Novastar Ventures, established in 2014, is a global venture capital firm headquartered in Nairobi, Kenya, with additional offices in Lagos, Nigeria, and London, UK. The company specializes in seed, early to late-stage, and growth capital investments, focusing on businesses that serve the base-of-the-pyramid (BoP) markets. Novastar invests in sectors such as education, healthcare, agribusiness, food, and water, with a geographical focus on East and West Africa, Asia, Europe, and the United States. The firm typically invests between $0.25 million and $8 million in companies, seeking to partner with entrepreneurs who are developing innovative solutions with the potential to transform markets and create lasting impact.

Abel Boreto

Investment Director

Andrew Carruthers

Co-Founder and Managing Partner

Oluwatoyin Emmanuel-Olubake

Investment Director

Samuel Kanu

Venture Associate

Dominic Michel

Investment Director

Mathews Ndubi

Investment Analyst

Brian Odhiambo

West Africa Director

Sapna Shah

Partner

Niraj Varia

Partner

Riki Yamauchi

Director, Strategic Investments and Partnerships

Toke Soyebo, C.

Venture Associate

55 past transactions

Sistema.bio

Venture Round in 2025
Sistema.bio is a manufacturer of prefabricated modular biodigester systems aimed at enhancing the efficiency and quality of life for small farmers. The company's systems utilize anaerobic bacteria to convert manure and various organic waste types into methane gas and organic fertilizer. This biogas can be harnessed for thermal energy used in cooking and generating electricity, while the fertilizer supports agricultural productivity. By transforming organic waste into valuable resources, Sistema.bio enables farmers to turn a potential problem into opportunities for increased productivity and sustainability.

BasiGo

Series A in 2024
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.

BasiGo

Seed Round in 2022
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.

MoKo Home + Living

Series B in 2022
Moko Home + Living is a Nairobi-based company that specializes in designing and selling a range of home furniture products, including sofas and mattresses. Established in 2014, the company offers various sofa options, such as three, four, and six-seater models, featuring removable covers, velcro and zip fastenings, and convenient side pockets. In addition to sofas, Moko Home + Living provides footstools and emphasizes the durability and modern design of its products, catering to specific consumer needs. Customers can easily place orders through social media platforms like Facebook and WhatsApp, and the company also offers delivery services to ensure that furnishings reach their homes efficiently.

Turaco

Series A in 2022
Turaco, established in 2018, is an insurance technology company headquartered in Wilmington, Delaware, with operations in Nairobi, Kenya. It specializes in providing affordable health and life insurance, along with healthcare financing solutions, to low-income individuals. Turaco offers these services through a user-friendly mobile application and online platform, simplifying access to insurance products and health loans. Their unique approach enables customers to manage risks and obtain healthcare at affordable, manageable premiums.

iProcure

Series B in 2022
iProcure Ltd operates a supply chain platform focused on optimizing the agricultural input supply chain in rural Africa, particularly in Kenya. Founded in 2012 and based in Nairobi, the company provides a comprehensive solution that combines business intelligence, data-driven stock management, and an efficient procurement and distribution system. Its web and mobile technology enables agriculture retailers to manage ordering, inventory, and point-of-sale operations while analyzing client profiles and purchasing patterns. This platform enhances retailers' ability to predict demand and improve inventory management, ultimately streamlining distribution and enhancing customer service. Additionally, iProcure offers warehousing and storage facilities, ensuring that products reach the end consumer effectively.

Moniepoint

Series B in 2022
Moniepoint is a financial technology company that offers a comprehensive digital banking and payment ecosystem tailored for small and medium-sized businesses. The platform provides a range of services, including payment processing, credit access, and business management tools. Moniepoint enables businesses to create accounts and accept payments through various offline and online channels, facilitating efficient financial management. By integrating banking solutions with essential business tools, Moniepoint supports organizations in managing their finances and accessing the resources necessary for growth.

BasiGo

Seed Round in 2022
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.

Poa Internet

Series C in 2022
Poa Internet Ltd. is a telecommunications company based in Nairobi, Kenya, founded in 2015. It specializes in providing low-cost internet services to individuals and small businesses in low-income neighborhoods, particularly in areas like Kibera and Kwangware. The company offers affordable and reliable internet access that is significantly cheaper than traditional network operators. Poa's services are delivered through a Wi-Fi network that covers entire neighborhoods, allowing users to connect with any Wi-Fi-enabled device at any time. Unique to Poa is its transparent pricing model, which includes data bundles without time limitations, as well as free content and online tools such as job boards and marketplaces. By focusing on underserved communities, Poa Internet aims to enhance access to education, trade, and social inclusion while ensuring improved quality of internet connections at accessible prices.

Regen Organics

Series C in 2022
Regen Organics is dedicated to transforming agriculture, cities, and communities through circular economy practices. The company focuses on managing residual organics and specializes in the production of regenerative fertilizers, feeds, and fuels. By promoting climate-resilient agricultural methods and green technologies, Regen Organics aims to foster nurturing soils and thriving ecosystems, ultimately contributing to a sustainable future. With a commitment to innovation and environmental stewardship, the company leverages its industry knowledge and international experience to drive meaningful change.

MAX

Series B in 2021
MAX is a company that specializes in providing motorcycle taxi and transport services, focusing on the last-mile delivery and online retail challenges in Africa. By utilizing mobile and web platforms, MAX connects consumers, retail businesses, and independent drivers in real-time, effectively removing logistical and technological barriers that have hindered retail growth on the continent. Additionally, MAX offers electric and low-emission vehicle subscription services tailored for commercial drivers, promoting financial freedom and wealth creation through vehicle ownership. The company aims to ensure that independent drivers have access to safe, reliable, and sustainable mobility solutions, thereby enhancing the overall transport landscape in Africa.

TradeDepot

Series B in 2021
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.

Ignitia

Series A in 2021
Ignitia AB is a company based in Stockholm, Sweden, that specializes in producing high-resolution weather forecasts and climate data tailored for tropical regions, particularly in Sub-Saharan Africa. Since its commercial launch in 2015, Ignitia has focused on enhancing agricultural productivity and resilience among small-scale farmers by providing hyper-local weather updates via SMS based on GPS locations. Its services include daily, monthly, and seasonal rain forecasts, short-term forecasting, climate statistics, and early warning systems for storms and extreme weather. The company's technology is specifically designed to predict rapid weather changes driven by convection forces, which are common in tropical climates. Ignitia's offerings support various sectors, including agriculture, industry, mining, and offshore applications, aiming to mitigate the adverse effects of an unpredictable climate on farming and other activities.

Moniepoint

Series B in 2021
Moniepoint is a financial technology company that offers a comprehensive digital banking and payment ecosystem tailored for small and medium-sized businesses. The platform provides a range of services, including payment processing, credit access, and business management tools. Moniepoint enables businesses to create accounts and accept payments through various offline and online channels, facilitating efficient financial management. By integrating banking solutions with essential business tools, Moniepoint supports organizations in managing their finances and accessing the resources necessary for growth.

Elephant Healthcare

Series A in 2021
Elephant Healthcare Limited, founded in 2018 and based in London, develops a digital health system aimed at revolutionizing global healthcare. The company constructs a global digital health network that links various components of the healthcare ecosystem. Founded by medical professionals, Elephant leverages technological innovations to tackle significant challenges in healthcare, focusing on cost reduction and improving patient outcomes. Its software platform digitizes medical clinics, fostering connectivity and providing tools to enhance primary care. Additionally, the platform utilizes blockchain and decentralized infrastructure to integrate existing services and facilitate the development of new health applications, particularly benefiting hospitals serving low-income populations.

Turaco

Seed Round in 2020
Turaco, established in 2018, is an insurance technology company headquartered in Wilmington, Delaware, with operations in Nairobi, Kenya. It specializes in providing affordable health and life insurance, along with healthcare financing solutions, to low-income individuals. Turaco offers these services through a user-friendly mobile application and online platform, simplifying access to insurance products and health loans. Their unique approach enables customers to manage risks and obtain healthcare at affordable, manageable premiums.

SureChill

Convertible Note in 2020
SureChill is a company that has developed an innovative cooling technology capable of maintaining a consistent temperature of 4ºC for extended periods without the need for power, utilizing the unique properties of water. Launched in 2011, its vaccine refrigerators have surpassed the stringent standards set by the World Health Organization, making them invaluable in the medical market. SureChill's technology is instrumental in vaccine preservation, with significant usage by organizations like UNICEF across 46 countries, thereby contributing to global health by ensuring effective vaccine delivery in developing regions. The company has garnered recognition for its impact on the vaccine cold chain, including a $1.5 million grant from the Bill and Melinda Gates Foundation aimed at enhancing this critical infrastructure.

Komaza

Series B in 2020
Komaza is a tech-driven sustainable forestry company focused on transforming the wood industry in Africa through its innovative farmer platform. Founded in 2006 by Tevis Howard, the company engages rural farmers to cultivate woodlots on small-holder farms, addressing the growing demand for wood and wood products. By integrating technology, training, and support, Komaza aims to provide a sustainable wood supply while achieving significant cost savings compared to traditional plantations. This approach not only helps alleviate the wood supply crisis but also empowers farmers to maximize their potential in the forestry sector.

SureChill

Series A in 2019
SureChill is a company that has developed an innovative cooling technology capable of maintaining a consistent temperature of 4ºC for extended periods without the need for power, utilizing the unique properties of water. Launched in 2011, its vaccine refrigerators have surpassed the stringent standards set by the World Health Organization, making them invaluable in the medical market. SureChill's technology is instrumental in vaccine preservation, with significant usage by organizations like UNICEF across 46 countries, thereby contributing to global health by ensuring effective vaccine delivery in developing regions. The company has garnered recognition for its impact on the vaccine cold chain, including a $1.5 million grant from the Bill and Melinda Gates Foundation aimed at enhancing this critical infrastructure.

MAX

Venture Round in 2019
MAX is a company that specializes in providing motorcycle taxi and transport services, focusing on the last-mile delivery and online retail challenges in Africa. By utilizing mobile and web platforms, MAX connects consumers, retail businesses, and independent drivers in real-time, effectively removing logistical and technological barriers that have hindered retail growth on the continent. Additionally, MAX offers electric and low-emission vehicle subscription services tailored for commercial drivers, promoting financial freedom and wealth creation through vehicle ownership. The company aims to ensure that independent drivers have access to safe, reliable, and sustainable mobility solutions, thereby enhancing the overall transport landscape in Africa.

iProcure

Venture Round in 2019
iProcure Ltd operates a supply chain platform focused on optimizing the agricultural input supply chain in rural Africa, particularly in Kenya. Founded in 2012 and based in Nairobi, the company provides a comprehensive solution that combines business intelligence, data-driven stock management, and an efficient procurement and distribution system. Its web and mobile technology enables agriculture retailers to manage ordering, inventory, and point-of-sale operations while analyzing client profiles and purchasing patterns. This platform enhances retailers' ability to predict demand and improve inventory management, ultimately streamlining distribution and enhancing customer service. Additionally, iProcure offers warehousing and storage facilities, ensuring that products reach the end consumer effectively.

Soko

Series A in 2019
Soko, Inc. is a Kenyan-based company that operates an online platform for handcrafted jewelry and accessories, offering a range of products including necklaces, bracelets, earrings, and rings. Founded in 2011 and formerly known as SasaAfrica, Soko connects over 2,300 independent artisans across Kenya to the global marketplace through its innovative mobile technology. This approach creates a demand-responsive virtual factory that allows artisans to earn significantly more than the average Kenyan workshop. The company is committed to social impact and economic opportunity, particularly for marginalized communities. With a business model that emphasizes empowerment over displacement, Soko has achieved BCorp certification, which further distinguishes it from competitors and appeals to socially conscious consumers, particularly Millennials and Gen Z.

GreenPath Food

Venture Round in 2019
GreenPath Food, Inc. is a company based in Butajira, Ethiopia, that specializes in the production and sale of avocados as well as a variety of other organic fruits and vegetables, including African bird’s eye chili, edamame, lemongrass, moringa, and rosemary. The company focuses on enhancing food production on Partner Farms by promoting organic, bio-diverse, and sustainable farming practices. This approach not only increases the yield of nutritious crops but also helps farmers move away from reliance on synthetic chemicals and pesticides, which can harm both the environment and human health. By cultivating food through permaculture-based methods and without machinery, GreenPath supports smallholder agriculture, contributing to sustainable supply chains and enabling farmers in East Africa to adopt environmentally friendly practices while providing consumers with fresh, healthy produce.

mPharma

Series B in 2019
mPharma is a healthcare company focused on enhancing access to affordable medications in emerging markets. Founded in 2013 by Gregory Rockson, Daniel Shoukimas, and James Finucane, mPharma collaborates with drug manufacturers, insurance providers, financial institutions, and governments to streamline the delivery of prescription drugs to consumers. The company offers a pharmaceutical data analytics platform that assists pharmacies in managing their inventory, prescribing medications, and reporting adverse drug reactions. By ensuring that high-quality chronic disease medications are consistently available at sustainable prices, mPharma aims to improve health outcomes for patients, doctors, and pharmacists alike.

MoKo Home + Living

Series A in 2018
Moko Home + Living is a Nairobi-based company that specializes in designing and selling a range of home furniture products, including sofas and mattresses. Established in 2014, the company offers various sofa options, such as three, four, and six-seater models, featuring removable covers, velcro and zip fastenings, and convenient side pockets. In addition to sofas, Moko Home + Living provides footstools and emphasizes the durability and modern design of its products, catering to specific consumer needs. Customers can easily place orders through social media platforms like Facebook and WhatsApp, and the company also offers delivery services to ensure that furnishings reach their homes efficiently.

PayGo Energy

Venture Round in 2018
PayGo Energy is a company based in Kenya that specializes in developing metering systems for pre-paid cooking gas. Founded in 2014, the company aims to provide clean cooking fuel through a pay-as-you-go model, which allows customers to purchase gas gradually using mobile money. Its patented device connects a gas cylinder to a cloud service, enabling real-time monitoring of gas consumption and predicting when refills are needed. This innovative approach addresses the challenges associated with traditional cooking fuels, which often have detrimental environmental and health impacts, particularly in underserved communities. By offering an accessible and efficient energy solution, PayGo Energy seeks to improve the quality of life for millions who rely on inefficient biomass fuels.

GreenPath Food

Series A in 2018
GreenPath Food, Inc. is a company based in Butajira, Ethiopia, that specializes in the production and sale of avocados as well as a variety of other organic fruits and vegetables, including African bird’s eye chili, edamame, lemongrass, moringa, and rosemary. The company focuses on enhancing food production on Partner Farms by promoting organic, bio-diverse, and sustainable farming practices. This approach not only increases the yield of nutritious crops but also helps farmers move away from reliance on synthetic chemicals and pesticides, which can harm both the environment and human health. By cultivating food through permaculture-based methods and without machinery, GreenPath supports smallholder agriculture, contributing to sustainable supply chains and enabling farmers in East Africa to adopt environmentally friendly practices while providing consumers with fresh, healthy produce.

Penda Health

Series B in 2018
Penda Health Limited operates a network of outpatient medical centers in Kenya, specifically in Umoja and Kitengela, focused on providing high-quality and affordable healthcare to middle- and low-income families. Founded in 2011, Penda Health offers a wide range of services, including general consultations, specialty consultations by OB/GYNs, diagnostics, lab services, and pharmacy services. The company utilizes advanced technology, including AI-powered tools, to enhance clinical decision-making and improve patient outcomes. Recognized for its patient-centered approach, Penda Health emphasizes operational excellence and community impact, having successfully served millions of patients. Its commitment to accessible and effective healthcare has established Penda Health as a trusted brand in Africa's healthcare landscape.

SolarNow

Series B in 2017
SolarNow is a company that provides solar energy solutions and financing in East Africa, particularly through its operations in Uganda and Kenya. Founded in 2011 by Willem Nolens and headquartered in Nijmegen, the Netherlands, SolarNow focuses on delivering solar home systems, electrical appliances, and tailored power solutions for rural and urban households, small businesses, farmers, and institutions. The company aims to meet the growing demand for clean and affordable energy by offering high-quality, reliable solar products, along with flexible credit options that enable customers to access these essential services. Through its comprehensive approach, SolarNow addresses the energy needs of various sectors while promoting sustainable energy use in the region.

Komaza

Series A in 2017
Komaza is a tech-driven sustainable forestry company focused on transforming the wood industry in Africa through its innovative farmer platform. Founded in 2006 by Tevis Howard, the company engages rural farmers to cultivate woodlots on small-holder farms, addressing the growing demand for wood and wood products. By integrating technology, training, and support, Komaza aims to provide a sustainable wood supply while achieving significant cost savings compared to traditional plantations. This approach not only helps alleviate the wood supply crisis but also empowers farmers to maximize their potential in the forestry sector.

iProcure

Venture Round in 2017
iProcure Ltd operates a supply chain platform focused on optimizing the agricultural input supply chain in rural Africa, particularly in Kenya. Founded in 2012 and based in Nairobi, the company provides a comprehensive solution that combines business intelligence, data-driven stock management, and an efficient procurement and distribution system. Its web and mobile technology enables agriculture retailers to manage ordering, inventory, and point-of-sale operations while analyzing client profiles and purchasing patterns. This platform enhances retailers' ability to predict demand and improve inventory management, ultimately streamlining distribution and enhancing customer service. Additionally, iProcure offers warehousing and storage facilities, ensuring that products reach the end consumer effectively.

Poa Internet

Series A in 2017
Poa Internet Ltd. is a telecommunications company based in Nairobi, Kenya, founded in 2015. It specializes in providing low-cost internet services to individuals and small businesses in low-income neighborhoods, particularly in areas like Kibera and Kwangware. The company offers affordable and reliable internet access that is significantly cheaper than traditional network operators. Poa's services are delivered through a Wi-Fi network that covers entire neighborhoods, allowing users to connect with any Wi-Fi-enabled device at any time. Unique to Poa is its transparent pricing model, which includes data bundles without time limitations, as well as free content and online tools such as job boards and marketplaces. By focusing on underserved communities, Poa Internet aims to enhance access to education, trade, and social inclusion while ensuring improved quality of internet connections at accessible prices.

PayGo Energy

Series A in 2017
PayGo Energy is a company based in Kenya that specializes in developing metering systems for pre-paid cooking gas. Founded in 2014, the company aims to provide clean cooking fuel through a pay-as-you-go model, which allows customers to purchase gas gradually using mobile money. Its patented device connects a gas cylinder to a cloud service, enabling real-time monitoring of gas consumption and predicting when refills are needed. This innovative approach addresses the challenges associated with traditional cooking fuels, which often have detrimental environmental and health impacts, particularly in underserved communities. By offering an accessible and efficient energy solution, PayGo Energy seeks to improve the quality of life for millions who rely on inefficient biomass fuels.

Poa Internet

Venture Round in 2017
Poa Internet Ltd. is a telecommunications company based in Nairobi, Kenya, founded in 2015. It specializes in providing low-cost internet services to individuals and small businesses in low-income neighborhoods, particularly in areas like Kibera and Kwangware. The company offers affordable and reliable internet access that is significantly cheaper than traditional network operators. Poa's services are delivered through a Wi-Fi network that covers entire neighborhoods, allowing users to connect with any Wi-Fi-enabled device at any time. Unique to Poa is its transparent pricing model, which includes data bundles without time limitations, as well as free content and online tools such as job boards and marketplaces. By focusing on underserved communities, Poa Internet aims to enhance access to education, trade, and social inclusion while ensuring improved quality of internet connections at accessible prices.

iProcure

Series A in 2017
iProcure Ltd operates a supply chain platform focused on optimizing the agricultural input supply chain in rural Africa, particularly in Kenya. Founded in 2012 and based in Nairobi, the company provides a comprehensive solution that combines business intelligence, data-driven stock management, and an efficient procurement and distribution system. Its web and mobile technology enables agriculture retailers to manage ordering, inventory, and point-of-sale operations while analyzing client profiles and purchasing patterns. This platform enhances retailers' ability to predict demand and improve inventory management, ultimately streamlining distribution and enhancing customer service. Additionally, iProcure offers warehousing and storage facilities, ensuring that products reach the end consumer effectively.

Lynk Jobs

Seed Round in 2017
Lynk Jobs Limited operates a digital platform that connects informal workers with customers seeking various services, including cleaning, plumbing, electrical work, and carpentry. Founded in 2015 and headquartered in Nairobi, Kenya, Lynk facilitates the recruitment of professionals by allowing users to describe their project or service needs. The platform queries relevant professionals, provides quotes from verified workers, and manages logistics for the services rendered. Additionally, Lynk offers training courses aimed at personal and professional development, helping workers enhance their skills and improve their employability. By addressing the challenges faced by informal workers and the households and businesses that require their services, Lynk creates a more efficient marketplace for both parties.

PayGo Energy

Seed Round in 2017
PayGo Energy is a company based in Kenya that specializes in developing metering systems for pre-paid cooking gas. Founded in 2014, the company aims to provide clean cooking fuel through a pay-as-you-go model, which allows customers to purchase gas gradually using mobile money. Its patented device connects a gas cylinder to a cloud service, enabling real-time monitoring of gas consumption and predicting when refills are needed. This innovative approach addresses the challenges associated with traditional cooking fuels, which often have detrimental environmental and health impacts, particularly in underserved communities. By offering an accessible and efficient energy solution, PayGo Energy seeks to improve the quality of life for millions who rely on inefficient biomass fuels.

Sanergy

Series B in 2017
Sanergy, established in 2010, operates in Nairobi, Kenya, focusing on providing affordable and accessible sanitation solutions in urban slums. The company constructs and franchises low-cost sanitation centers offering toilets and hot showers, which are financed through local microfinance banks. Sanergy collects and processes human waste daily, converting it into biogas for electricity generation and organic fertilizer for sale to farms. Additionally, it collects organic waste from local businesses, transforming it into insect-based animal feed. By creating a circular economy, Sanergy promotes hygiene, reduces environmental pollution, and empowers local entrepreneurs.

NewGlobe

Series E in 2017
NewGlobe is a company that partners with national and state governments to develop technology-enabled education systems aimed at improving public education. By offering a comprehensive platform, NewGlobe provides software and adaptive instructional content to enhance learning experiences. Their approach includes training and coaching for educators, as well as support services that facilitate the implementation of digital learning platforms. The company's mission is to transform educational systems and significantly improve learning outcomes, ensuring that every child has access to quality education that fosters their full potential and contributes to overall societal growth and prosperity.

Regen Organics

Series B in 2017
Regen Organics is dedicated to transforming agriculture, cities, and communities through circular economy practices. The company focuses on managing residual organics and specializes in the production of regenerative fertilizers, feeds, and fuels. By promoting climate-resilient agricultural methods and green technologies, Regen Organics aims to foster nurturing soils and thriving ecosystems, ultimately contributing to a sustainable future. With a commitment to innovation and environmental stewardship, the company leverages its industry knowledge and international experience to drive meaningful change.

Soko

Venture Round in 2016
Soko, Inc. is a Kenyan-based company that operates an online platform for handcrafted jewelry and accessories, offering a range of products including necklaces, bracelets, earrings, and rings. Founded in 2011 and formerly known as SasaAfrica, Soko connects over 2,300 independent artisans across Kenya to the global marketplace through its innovative mobile technology. This approach creates a demand-responsive virtual factory that allows artisans to earn significantly more than the average Kenyan workshop. The company is committed to social impact and economic opportunity, particularly for marginalized communities. With a business model that emphasizes empowerment over displacement, Soko has achieved BCorp certification, which further distinguishes it from competitors and appeals to socially conscious consumers, particularly Millennials and Gen Z.

Poa Internet

Series A in 2016
Poa Internet Ltd. is a telecommunications company based in Nairobi, Kenya, founded in 2015. It specializes in providing low-cost internet services to individuals and small businesses in low-income neighborhoods, particularly in areas like Kibera and Kwangware. The company offers affordable and reliable internet access that is significantly cheaper than traditional network operators. Poa's services are delivered through a Wi-Fi network that covers entire neighborhoods, allowing users to connect with any Wi-Fi-enabled device at any time. Unique to Poa is its transparent pricing model, which includes data bundles without time limitations, as well as free content and online tools such as job boards and marketplaces. By focusing on underserved communities, Poa Internet aims to enhance access to education, trade, and social inclusion while ensuring improved quality of internet connections at accessible prices.

Penda Health

Venture Round in 2016
Penda Health Limited operates a network of outpatient medical centers in Kenya, specifically in Umoja and Kitengela, focused on providing high-quality and affordable healthcare to middle- and low-income families. Founded in 2011, Penda Health offers a wide range of services, including general consultations, specialty consultations by OB/GYNs, diagnostics, lab services, and pharmacy services. The company utilizes advanced technology, including AI-powered tools, to enhance clinical decision-making and improve patient outcomes. Recognized for its patient-centered approach, Penda Health emphasizes operational excellence and community impact, having successfully served millions of patients. Its commitment to accessible and effective healthcare has established Penda Health as a trusted brand in Africa's healthcare landscape.

Sanergy

Venture Round in 2016
Sanergy, established in 2010, operates in Nairobi, Kenya, focusing on providing affordable and accessible sanitation solutions in urban slums. The company constructs and franchises low-cost sanitation centers offering toilets and hot showers, which are financed through local microfinance banks. Sanergy collects and processes human waste daily, converting it into biogas for electricity generation and organic fertilizer for sale to farms. Additionally, it collects organic waste from local businesses, transforming it into insect-based animal feed. By creating a circular economy, Sanergy promotes hygiene, reduces environmental pollution, and empowers local entrepreneurs.

M-Farm

Venture Round in 2015
M-Farm Ltd. operates MFarm, a marketplace designed to connect smallholder farmers in Africa with urban and export markets. Established in 2010 and based in Nairobi, Kenya, the platform provides farmers with real-time market prices through an app or SMS, enabling them to make informed decisions. By negotiating with buyers to create demand and assuring quality through a network of agents, M-Farm encourages farmers to transition from subsistence farming to cash crop production. This is particularly significant in Kenya, where approximately 4 million of the 5 million households are smallholder farmers, often vulnerable to exploitation by middlemen. M-Farm enhances farmers' access to markets and incentivizes better agricultural practices through training and discounts on inputs. For buyers, M-Farm offers a reliable supply of high-quality, primarily organic produce, along with transparency in the supply chain and pre-negotiated prices that help mitigate price fluctuations. This dual approach benefits both farmers and buyers, fostering a more sustainable agricultural ecosystem.

HiviSasa.com

Venture Round in 2015
Hivisasa is an online news platform based in Nairobi, Kenya, founded in 2011. It specializes in publishing a diverse range of content, including sports, entertainment, business, politics, crime, obituaries, weddings, and opinion pieces. As Africa’s first crowdsourced news site, Hivisasa empowers its readers not only to access untold stories but also to contribute by writing their own. The platform attracts over two million readers monthly and supports a community of over 1,500 local writers. Committed to fostering community engagement and accountability, Hivisasa emphasizes the importance of local perspectives in its editorial approach, ensuring that all its editors collaborate closely with writers from various backgrounds to deliver relevant news to its audience.

Soko

Seed Round in 2015
Soko, Inc. is a Kenyan-based company that operates an online platform for handcrafted jewelry and accessories, offering a range of products including necklaces, bracelets, earrings, and rings. Founded in 2011 and formerly known as SasaAfrica, Soko connects over 2,300 independent artisans across Kenya to the global marketplace through its innovative mobile technology. This approach creates a demand-responsive virtual factory that allows artisans to earn significantly more than the average Kenyan workshop. The company is committed to social impact and economic opportunity, particularly for marginalized communities. With a business model that emphasizes empowerment over displacement, Soko has achieved BCorp certification, which further distinguishes it from competitors and appeals to socially conscious consumers, particularly Millennials and Gen Z.

Komaza

Venture Round in 2015
Komaza is a tech-driven sustainable forestry company focused on transforming the wood industry in Africa through its innovative farmer platform. Founded in 2006 by Tevis Howard, the company engages rural farmers to cultivate woodlots on small-holder farms, addressing the growing demand for wood and wood products. By integrating technology, training, and support, Komaza aims to provide a sustainable wood supply while achieving significant cost savings compared to traditional plantations. This approach not only helps alleviate the wood supply crisis but also empowers farmers to maximize their potential in the forestry sector.

Regen Organics

Series A in 2015
Regen Organics is dedicated to transforming agriculture, cities, and communities through circular economy practices. The company focuses on managing residual organics and specializes in the production of regenerative fertilizers, feeds, and fuels. By promoting climate-resilient agricultural methods and green technologies, Regen Organics aims to foster nurturing soils and thriving ecosystems, ultimately contributing to a sustainable future. With a commitment to innovation and environmental stewardship, the company leverages its industry knowledge and international experience to drive meaningful change.

SolarNow

Venture Round in 2014
SolarNow is a company that provides solar energy solutions and financing in East Africa, particularly through its operations in Uganda and Kenya. Founded in 2011 by Willem Nolens and headquartered in Nijmegen, the Netherlands, SolarNow focuses on delivering solar home systems, electrical appliances, and tailored power solutions for rural and urban households, small businesses, farmers, and institutions. The company aims to meet the growing demand for clean and affordable energy by offering high-quality, reliable solar products, along with flexible credit options that enable customers to access these essential services. Through its comprehensive approach, SolarNow addresses the energy needs of various sectors while promoting sustainable energy use in the region.

Bridge International Academies

Series A in 2014
Bridge International Academies operates primary schools focused on providing education to underprivileged children. Founded in 2007 and based in Nairobi, Kenya, the organization offers services that align with national curricula and emphasizes comprehensive teacher training and development programs. Utilizing advanced wireless technology, Bridge International Academies aims to deliver quality education at no cost to students, fostering opportunities for a brighter future for those in underserved communities.

NewGlobe

Series D in 2014
NewGlobe is a company that partners with national and state governments to develop technology-enabled education systems aimed at improving public education. By offering a comprehensive platform, NewGlobe provides software and adaptive instructional content to enhance learning experiences. Their approach includes training and coaching for educators, as well as support services that facilitate the implementation of digital learning platforms. The company's mission is to transform educational systems and significantly improve learning outcomes, ensuring that every child has access to quality education that fosters their full potential and contributes to overall societal growth and prosperity.

M-Farm

Seed Round in 2013
M-Farm Ltd. operates MFarm, a marketplace designed to connect smallholder farmers in Africa with urban and export markets. Established in 2010 and based in Nairobi, Kenya, the platform provides farmers with real-time market prices through an app or SMS, enabling them to make informed decisions. By negotiating with buyers to create demand and assuring quality through a network of agents, M-Farm encourages farmers to transition from subsistence farming to cash crop production. This is particularly significant in Kenya, where approximately 4 million of the 5 million households are smallholder farmers, often vulnerable to exploitation by middlemen. M-Farm enhances farmers' access to markets and incentivizes better agricultural practices through training and discounts on inputs. For buyers, M-Farm offers a reliable supply of high-quality, primarily organic produce, along with transparency in the supply chain and pre-negotiated prices that help mitigate price fluctuations. This dual approach benefits both farmers and buyers, fostering a more sustainable agricultural ecosystem.

The Paradigm Project

Series A in 2012
The Paradigm Project is a company based in Ethiopia that manufactures stoves and offers a range of products including cookstoves, water tanks, solar lamps, and water filters. Founded in 2008, the company aims to alleviate poverty through sustainable business practices. Its products are distributed through a network of agents in Ethiopia and Kenya. By providing alternatives to open fire cooking, The Paradigm Project helps reduce deforestation and improve health outcomes, particularly for women who traditionally spend significant time on cooking. The company's mission focuses on using business as a tool for social good, enhancing both environmental sustainability and community welfare.

mPharma

mPharma is a healthcare company focused on enhancing access to affordable medications in emerging markets. Founded in 2013 by Gregory Rockson, Daniel Shoukimas, and James Finucane, mPharma collaborates with drug manufacturers, insurance providers, financial institutions, and governments to streamline the delivery of prescription drugs to consumers. The company offers a pharmaceutical data analytics platform that assists pharmacies in managing their inventory, prescribing medications, and reporting adverse drug reactions. By ensuring that high-quality chronic disease medications are consistently available at sustainable prices, mPharma aims to improve health outcomes for patients, doctors, and pharmacists alike.
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