A venture capital firm that led Chowdeck's Series A funding round.
Novastar Ventures closes $147 million fund for African startups
Novastar Ventures closed its third fund, raising $147 million. The fund is named Africa People and Planet Fund III.
Japanese investors back Africa-focused VC fund
Japanese companies are launching a $147 million venture capital fund managed by Novastar Ventures. The fund has received backing from major Japanese corporations including Mitsubishi Corporation and Toyota Ventures.
Novastar Ventures closes $147 million fund for African startups
Novastar Ventures closed its third fund, raising $147 million for the Africa People and Planet Fund III. The new fund is a 40% increase from the previous fund, which closed at $108 million in May 2020.
Novastar Ventures closes $147 million third fund to drive pan-African ambitions
Novastar Ventures closed its third fund, NVIII, securing $147 million for climate-focused startups. The fund received commitments from Japanese investors including SBI Holdings and SMBC.
In Africa’s more selective funding cycle, the pressure doesn’t go away; it changes
Africa's tech ecosystem raised $3.42 billion across 502 deals in 2025, marking a 53% year-on-year increase in funding. There was an 8% decline in deal count from 546 in 2024, reflecting a shift in investor behavior towards greater scrutiny.
