| Date | Title | Description |
| 22.08.2025 | Chowdeck Secures $9M to Fuel African Quick-Commerce Expansion | Chowdeck, Nigeria's leading on-demand delivery platform, has secured a $9 million Series A funding round. Novastar Ventures spearheaded the investment, joined by Y Combinator and others. This substantial capital propels Chowdeck's aggressiv... |
| 21.08.2025 | MENA Tech Surges: Breadfast, Coraly.ai Secure Major Funding | MENA startups land crucial funding. Egypt's quick-commerce giant Breadfast secured $10M in Series B2, pushing its valuation to $382-400M. This capital boosts its grocery delivery expansion and fintech innovation. Simultaneously, UAE proptec... |
| 20.08.2025 | Breadfast, an Egyptian food delivery startup Raises $10M in Funding | Egyptian online grocery delivery platform Breadfast has raised $10 million in its Series B2 funding round, led by the European Bank for Reconstruction and Development (EBRD) and Novastar Ventures. This investment brings the company’s valuat... |
| 19.08.2025 | Online grocery delivery platform Breadfast received $10 M from EBRD | Breadfast, Egypt’s market-leading online grocery delivery platform, has raised $10 million in a Series B2 funding round from the European Bank for Reconstruction and Development (EBRD), in partnership with Novastar Ventures. This latest fun... |
| 19.08.2025 | Chowdeck, a Nigerian Startup Raises $9M in Funding | Chowdeck, a Nigerian on-demand delivery platform, has raised $9 million in a Series A funding round to accelerate its expansion across Nigeria and Ghana. The round was led by Novastar Ventures, with participation from Y Combinator, AAIC Inv... |
| 14.08.2025 | MENA Digest: Grocery-delivery app Breadfast, proptech platform Coraly.ai raise funds | Credit: 123RF.com
At least two startups in the Middle East and North Africa region raised funding this week.
Egypt’s grocery delivery app Breadfast raised an eight-digit growth-stage funding from a European institutional investor, and UAE-b... |
| 11.08.2025 | Chowdeck Raises $9 Million Series A Funding to Launch Quick Commerce and Accelerate Expansion Across Nigeria and Ghana | Share this:
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| 10.05.2025 | Everything I heard at the AVCA Conference | Last week, the African Venture Capital Association (AVCA) brought its flagship VC Summit back to Lagos, the home of Africa’s unicorns, for the first time in a decade, and the timing could hardly have been more charged.
Against a backdrop of... |
| 01.02.2025 | The Financial Frontier: How Strategic Investments are Shaping the Future of Fintech | In the ever-evolving landscape of fintech, strategic investments are the lifeblood of innovation. Recent moves by major players like Itaú Unibanco and Visa illustrate this trend. These investments are not just about capital; they are about ... |
| 30.01.2025 | Moniepoint: Strategic Investment Raised From Visa To Advance Financial Inclusion For African SMEs | Moniepoint – one of Nigeria’s leading business payments and banking services platforms – announced it had secured an investment from Visa, a global leader in digital payments. This funding marks a significant milestone in Visa’s commitment ... |
| 14.01.2025 | Novastar Ventures backs the growth of Sistema.bio in Africa | African farmers with their Sistema.bio biodigester, driving sustainability and innovation in agriculture.
Farmers in Africa stand together with their Sistema.bio biodigester, transforming farm waste into clean energy and organic fertilizer.... |
| 26.10.2024 | Green Innovations: The Rise of Sustainable Solutions in India and Africa | In a world grappling with environmental challenges, two companies are lighting the way. Magpet Polymers in India and BasiGo in Kenya are not just businesses; they are beacons of hope. They embody the shift towards sustainability, driven by ... |
| 23.10.2024 | BasiGo raises $41.5 million to put electric buses on the road | BasiGo, a Kenya-based electric bus startup founded in 2021, has closed a $24 million Series A equity round and an additional $17.5 million in debt funding. The round was led by Africa50, a pan-African infrastructure investor, the British In... |
| 08.04.2024 | Mitsui O.S.K. Lines, Ltd. Invested in Novastar Ventures, one of Africa’s largest venture capital companies | Mitsui O.S.K. Lines Co., Ltd.
Invested in Novastar Ventures, one of the largest venture capitals in Africa ~ Expanding business in Africa and solving social issues ~
……
Mitsui O.S.K. Lines, Ltd. (President: Tsuyoshi Hashimoto, Head Office: ... |
| 08.04.2024 | Mitsui O.S.K. Lines, Ltd. Invested in Novastar Ventures, one of Africa’s largest venture capital companies | - |
| 09.02.2024 | Africa-focused funds find their feet amid a downturn | In the midst of a funding downtime last year, and with conditions getting tougher for fund managers raising capital as backers (limited partners) enhanced their focus on strategy and track record, some new African and Africa-focused funds s... |
| 02.11.2023 | Japan’s SBI Holdings commits $40M to anchor Novastar Ventures’ future funds | SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multifund commitment to anchor Pan-African VC firm Novastar Ventures’ future funds.
The ... |
| 27.09.2023 | Data snapshot: the largest funding rounds of the decade for Africa agrifoodtech | Data snapshot is a regular AgFunderNews feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts ab... |
| 05.10.2022 | Data Snapshot: African agrifoodtech entrepreneurs and investors are focusing on the supply chain | Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research re... |
| 19.08.2022 | Kenyan agritech, iProcure, raises $10.2 million Series B to drive East African expansion | Image Source: iProcure
iProcure, a Kenyan agritech startup, has recently secured a $10.2 million Series B financing led by Investisseurs & Partenaires. The funding, structured as debt and equity, will support iProcure’s expansion into U... |
| 18.08.2022 | Kenya’s iProcure closes $10.2m Series B to digitize rural supply chains in Kenya and beyond | Kenya’s iProcure, a startup offering agricultural inputs and digital supply chain solutions in rural Africa, has announced the closure of its $10.2 million Series B round.
The investment was in debt and equity which came from a number of in... |
| 25.02.2022 | Breaking down funding terms: what do equity, debt and hybrid financing mean? | Stop us if you’ve heard this before:
“[Insert startup name] has announced the close [insert millions of dollars in raise] of a pre-seed/seed/Series A round led by Venture Capital/Private Equity/Angel Investor firm…”
Startup funding across A... |
| 06.02.2022 | African tech startup funding trebles to pass $2bn mark in 2021 | Share this:
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| 18.01.2022 | Kenyan low-cost ISP Poa Internet secures $28 million in round led by AfDB-backed Africa50, plans to link region with cheap, limit-free connectivity | In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and reliable solutions for last-mile internet ... |
| 14.12.2020 | TechCabal Daily – Disney in Africa | 14 DEC, 2020
IN PARTNERSHIP WITH
&
Good morning.️
Welcome to the last work week of the year for many people. You made it!
Also, thank you for helping us reach our goal of crossing 100 responses to our survey on what you think about TC D... |
| 01.06.2020 | Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises $200M | Events in May offered support to the thesis that Africa can incubate tech with global application.
Two startups that developed their business models on the continent — MallforAfrica and Zipline — were tapped by international interests.
DHL ... |
| 22.05.2020 | Novastar Ventures Secures $108 Million Funding to Invest in Startups across East & West Africa | Novastar Ventures has secured $108 million in a funding round tagged Novastar Ventures Africa Fund II (NVAF II). It raised the fund to support Eastern and Western African startups with social-impact solutions for low-income households. Nova... |
| 14.05.2020 | Novastar Ventures closes capital raise for $108m fund two | Novastar Ventures has closed the capital raise of a $108-million Novastar Ventures Africa Fund II.
The fund will target businesses in East and West Africa from its offices in Nairobi and Lagos.
Tech publication Techmoran reported in an ar... |
| 14.05.2020 | Novastar raises $108M to invest in startups in Africa | Share this:
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| 14.05.2020 | Novastar Ventures closes capital raise for $108m fund two | Novastar Ventures has closed the capital raise of a $108-million Novastar Ventures Africa Fund II.
The fund will target businesses in East and West Africa from its offices in Nairobi and Lagos.
Tech publication Techmoran reported in an arti... |
| 14.05.2020 | Novastar closes $108 million fund to invest in Anglophone Africa | African venture firm, Novastar Ventures has made the final close for its second fund with a total commitment of $108 million, a tad shy of its original target of $120 million.
With its latest close, Novastar now manages more than $200 milli... |
| 13.05.2020 | Novastar Ventures becomes $200M African VC fund after $108M raise | African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise.
The Nairobi and Lagos-based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which br... |
| 13.05.2020 | Novastar Ventures closes second fund at $108m to back East and West African startups | Share this article:
Pan-African venture capital fund, Novastar Ventures Africa has closed its second fund, the Novastar Ventures Africa Fund II (NVAF II), with total commitments of $108 million.
The Nairobi-based fund closed its first fund ... |
| 06.01.2020 | Here are 10 African startups to watch in 2020 | Wondering what 2020 has in store for Africa’s tech startup scene?
If you’re looking to keep tabs on the movers and shakers that will define this year then join us as we look at the 10 startups that you should consider paying attention to in... |
| 06.01.2020 | Here are 10 African startups to watch in 2020 | Wondering what 2020 has in store for Africa’s tech startup scene?
If you’re looking to keep tabs on the movers and shakers that will define this year then join us as we look at the 10 startups that you should consider paying attention to i... |
| 19.09.2019 | Raising funding in Africa? Here are 12 venture capitalists you should know about | If you’re reading this, chances are you’re a tech startup founder who is looking to raise venture capital (VC) funding.
The good news is as Africa’s VC sector continues to grow the amount of VC funding raised by startups this year is likely... |
| 19.09.2019 | Raising funding in Africa? Here are 12 venture capitalists you should know about | If you’re reading this, chances are you’re a tech startup founder who is looking to raise venture capital (VC) funding.
The good news is as Africa’s VC sector continues to grow the amount of VC funding raised by startups this year is likel... |
| 20.06.2019 | Nigeria’s Max.ng to expand to 10 West African cities with close of $7m Series-A round | Lagos-based mobility platform Max.ng today announced that it has closed a $7-million Series-A round which it said it will use to help it to expand across 10 West African cities.
Max.ng was founded in 2015 by CEO Adetayo Bamiduro and chief g... |
| 20.06.2019 | Nigeria’s Max.ng to expand to 10 West African cities with close of $7m Series-A round | Lagos-based mobility platform Max.ng today announced that it has closed a $7-million Series-A round which it said it will use to help it to expand across 10 West African cities.
Max.ng was founded in 2015 by CEO Adetayo Bamiduro and chief ... |
| 02.01.2019 | What African startups should keep an eye out for in 2019 | The new year is upon us and it’s time to get that diary marked up. Last year was quite packed with happenings. What then can we expect in 2019?
Here then is a short list of what funds and initiatives are expected to launch in Africa in 201... |
| 02.01.2019 | What African startups should keep an eye out for in 2019 | The new year is upon us and it’s time to get that diary marked up. Last year was quite packed with happenings. What then can we expect in 2019?
Here then is a short list of what funds and initiatives are expected to launch in Africa in 2019... |
| 16.11.2018 | France’s Proparco to deploy €50m in Africa’s tech ecosystem from 2019 [Updated] | UPDATE: (16 November): An earlier version of this article stated that Proparco will deploy the €50-million in 2019. Proparco communication’s adviser Romain Esperon subsequently clarified to Ventureburn that while Proparco had earmarked €50-... |
| 16.11.2018 | France’s Proparco to deploy €50m in Africa’s tech ecosystem from 2019 [Updated] | UPDATE: (16 November): An earlier version of this article stated that Proparco will deploy the €50-million in 2019. Proparco communication’s adviser Romain Esperon subsequently clarified to Ventureburn that while Proparco had earmarked €50-... |
| 01.11.2018 | Kenya’s Novastar Ventures to open Lagos office after raising $75.5m for new fund [Updated] | Nairobi-based venture fund Novastar Ventures has made the first close of its Novastar II fund with commitments of $72.5-million. The firm now plans to open an office in Lagos, Nigeria as it expands into West Africa.
In a statement on Tuesda... |
| 01.11.2018 | Kenya’s Novastar Ventures to open Lagos office after raising $75.5m for new fund [Updated] | Nairobi-based venture fund Novastar Ventures has made the first close of its Novastar II fund with commitments of $72.5-million. The firm now plans to open an office in Lagos, Nigeria as it expands into West Africa.
In a statement on Tuesd... |
| - | Novastar Ventures Secures $108 Million Funding to Invest in Startups across East & West Africa | Novastar Ventures has secured $108 million in a funding round tagged Novastar Ventures Africa Fund II (NVAF II). It raised the fund to support Eastern and Western African startups with social-impact solutions for low-income households. Nova... |