A venture capital firm that led Chowdeck's Series A funding round.
Kenyan Electric Mobility Startup ARC Ride Secures $33.3 Million to Scale Battery-Swapping Infrastructure Across Africa
ARC Ride raised $33.3 million in a funding round to expand its battery-swapping network. The funding was led by Novastar Ventures and Norrsken22, with participation from several development finance institutions.
African EV Startup ARC Ride Raises $33 Million to Expand Battery-Swapping Network
ARC Ride raised $33.3 million for expanding battery-swapping stations across Africa. The funding round is one of the largest for an electric mobility company in Africa.
Novastar joins Google Africa Applied AI Lab to back startups
Novastar Ventures partners with Google AI Futures Fund to launch the Google Africa Applied AI Lab. The initiative aims to support African founders using AI to solve local challenges.
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.
