Novastar Ventures

Novastar Ventures is a Kenya-headquartered venture capital firm that supports startups and growth-stage companies across Africa. It partners with bold entrepreneurs to build and scale business models that serve the mass market, with a focus on sectors including healthcare, education, energy, housing and sanitation, agribusiness, food, water, information technology and financial services. The firm targets opportunities in East and West Africa and maintains offices in Nairobi, Lagos and London to connect multiple centres of activity. Rather than a traditional fund manager, it acts as a venture catalyst, helping entrepreneurs design innovative solutions, access capital, and achieve durable impact for people and markets across the continent.

Steve Beck

Managing Partner

Abel Boreto

Associate

Andrew Carruthers

Managing Partner

Samuel Kanu

Associate

Dominic Michel

Associate

Mathews Ndubi

Investor

Brian Waswani Odhiambo

Managing Director

Sapna Shah

Partner

Toke Soyebo, C.

Associate

Niraj Varia

Partner

Riki Yamauchi

Director, Strategic Investments and Partnerships

Past deals in Ethiopia

The Paradigm Project

Series A in 2012
The Paradigm Project is a manufacturing company based in Ethiopia, established in 2008. It specializes in producing and distributing clean energy products such as cookstoves, solar lamps, water tanks, and filters. The company operates through a network of agents in Kenya and Ethiopia, aiming to provide affordable solutions that improve lives while promoting sustainability.
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