Novastar Ventures

Novastar Ventures is a venture capital firm established in 2014 and headquartered in Nairobi, Kenya, with additional offices in Lagos, Nigeria, and London, United Kingdom. The firm specializes in seed, start-up, and growth capital investments, primarily focusing on sectors such as education, healthcare, agri-business, food, and water. Novastar Ventures targets companies that serve the aspiring mass market in East and West Africa, as well as regions in Asia and Europe. The firm typically invests between $0.25 million and $8 million in these ventures, aiming to support innovative entrepreneurs who create impactful business models. By partnering with these entrepreneurs, Novastar Ventures seeks to foster accountability, efficiency, and wealth accumulation for the common good, positioning itself not merely as a fund manager but as a catalyst for transformative change in the markets it serves.

Steve Beck

Co-Founder and Managing Director

Abel Boreto

Associate

Andrew Carruthers

Co-Founder and Managing Partner

Oluwatoyin Emmanuel-Olubake

Managing Director

Simon Harford

Investor

Samuel Kanu

Associate

Dominic Michel

Associate

Mathews Ndubi

Investor

Brian Odhiambo

West Africa Director

Sapna Shah

Partner

Riki Yamauchi

Director, Strategic Investments and Partnerships

Toke Soyebo, C.

Associate

Steven Beck Ph.D

Co-Founder and Managing Partner

Past deals in Wales

SureChill

Convertible Note in 2020
Sure Chill Company Ltd. specializes in advanced cooling technology solutions that utilize solar energy, providing efficient refrigeration for medical, food and beverage, and domestic applications worldwide. Founded in 2002 and based in Tywyn, United Kingdom, Sure Chill has developed a unique platform that maintains a consistent temperature of 4ºC without the need for continuous power, leveraging the distinctive properties of water. Its vaccine refrigerators, introduced to the medical market in 2011, meet the rigorous standards set by the World Health Organization and are utilized by organizations such as UNICEF, facilitating vaccine preservation in 46 countries. The technology has received accolades for its role in enhancing vaccine delivery in developing regions and was awarded $1.5 million by the Bill and Melinda Gates Foundation to further improve the vaccine cold chain.

SureChill

Series A in 2019
Sure Chill Company Ltd. specializes in advanced cooling technology solutions that utilize solar energy, providing efficient refrigeration for medical, food and beverage, and domestic applications worldwide. Founded in 2002 and based in Tywyn, United Kingdom, Sure Chill has developed a unique platform that maintains a consistent temperature of 4ºC without the need for continuous power, leveraging the distinctive properties of water. Its vaccine refrigerators, introduced to the medical market in 2011, meet the rigorous standards set by the World Health Organization and are utilized by organizations such as UNICEF, facilitating vaccine preservation in 46 countries. The technology has received accolades for its role in enhancing vaccine delivery in developing regions and was awarded $1.5 million by the Bill and Melinda Gates Foundation to further improve the vaccine cold chain.
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