Active

Novastar Ventures

General contacts

Investor type

Founded

2014

AUM

$188 M

Location

London, England, United Kingdom

Investment Ticket

$1-5 m

Investment Stage

Seed Series A Series B Late Stage (Series C+)

Region of investment

North America Europe Africa

ESG Focus

Impact investor

Investor profile last updated: 14 October, 2026

Profile

Novastar Ventures is a venture capital investor headquartered in London, with additional offices in Nairobi and Lagos. Founded by Andrew Carruthers and Steve Beck, the firm assembles a diverse team across key entrepreneurial hubs in Africa and the UK. Novastar is committed to partnering with bold entrepreneurs that are transforming markets and sectors in Africa while creating meaningful social and environmental impact, evidenced by their strong emphasis on ESG principles.

The firm focuses on sectors including CleanTech, ClimateTech, HealthTech, and Education. They typically invest in early to growth-stage companies, supporting them with investment sizes ranging from $1-5 million. With their recently closed Africa People and Planet Fund III raising $147 million, Novastar Ventures reinforces their commitment to sustainable African growth. The firm primarily invests across Africa, leveraging their regional expertise and networks.

Notable investments from Novastar’s portfolio include GreenWheels - an electric mobility company, ARC Ride - an electric vehicle startup, and Rechaj - a company within their electric mobility investments. Their portfolio highlights their focus on companies that deliver substantial impact and advancement within their respective industries.

Industry

Education Automotive Fashion/Beauty Fintech Healthcare Services Transportation Energy CleanTech Internet of Things (IoT) HealthTech HRTech ClimateTech Agriculture E-commerce/Marketplace Infrastructure Financial Services AgriTech

Novastar Ventures Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Novastar Ventures East Africa Fund I	Venture Capital (VC)	Agriculture Education E-commerce/Marketplace Fintech Healthcare Services Infrastructure Energy	Pre-seed Seed	Africa	$5-10 m	$80 M	March 2014
Novastar Ventures Africa Fund II	Venture Capital (VC)	Agriculture E-commerce/Marketplace Financial Services Fintech Healthcare Services Infrastructure Energy AgriTech	Pre-seed Seed	Africa	$5-10 m	$108 M	March 2018
Africa People and Planet Fund III	Venture Capital (VC)	Education CleanTech HealthTech ClimateTech	Seed Series A Series B	Africa	$1-5 m	—	November 2026
Africa Climate Fund	Venture Capital (VC)	Energy CleanTech ClimateTech	Series A Series B Late Stage (Series C+)	Africa	$5-10 m	$147 M	March 2026

Contacts

Name

Title

Social Networks

Steve Beck Co-Founder and Managing Partner

Co-Founder and Managing Partner

s•••@•••

Andrew Carruthers Managing Partner

Managing Partner

a•••@•••

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Investment-team contacts for Novastar Ventures — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Novastar Ventures

Is Novastar Ventures a venture capital or private equity firm?

Novastar Ventures is a venture capital firm. It backs companies at Seed, Series A, Series B and Late Stage (Series C+), writing tickets of $1-5 m.

Where is Novastar Ventures located?

Novastar Ventures is located in London, England, United Kingdom.

When was Novastar Ventures founded?

Novastar Ventures was founded in 2014.

What sectors and industries does Novastar Ventures invest in?

Novastar Ventures invests in companies and startups in Education, Automotive, Fashion/Beauty, Fintech, Healthcare Services, Transportation, Energy, CleanTech, Internet of Things (IoT), HealthTech, HRTech, ClimateTech, Agriculture, E-commerce/Marketplace, Infrastructure, Financial Services, AgriTech.

What is Novastar Ventures geographical focus of investments?

Novastar Ventures invests in companies and startups in North America, Europe, Africa.

At what stages of companies and startups does Novastar Ventures typically invest in?

Novastar Ventures invests in companies and startups at Seed, Series A, Series B, Late Stage (Series C+).

What is the usual amount of Novastar Ventures investment?

Novastar Ventures usually invests $1-5 m on average.

What is the amount of assets of under management (AUM) for Novastar Ventures?

Novastar Ventures has around $188m assets under management.

When was Novastar Ventures last fund created?

Novastar Ventures last fund was created/launched in 2026-03-31

Is Novastar Ventures impact investor?

Yes, Novastar Ventures is impact investor.

What are the contacts of Novastar Ventures?

Novastar Ventures can be reached through its website novastarventures.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Novastar Ventures — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Novastar Ventures data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Novastar Ventures directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Novastar Ventures profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 14 October, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.