Key Developments
DFC backs Novastar Ventures with $25 million to support African startups.
The U.S International Development Finance Corporation (DFC) has invested $25 million in Novastar Ventures to support and invest in early stage startups in Africa
This investment will enable the Pan-African venture capital firm to continue its mission of backing innovative and impactful startups that are driving positive change in Africa. With a focus on sectors such as healthcare, education, and financial inclusion, Novastar has already made significant investments in several African startups.
Novastar will roll out the funding under its new investment vehicle Africa People + Planet Fund. The Africa People + Planet Fund is Novastar’s third pool after the $108 million Africa Fund II, which saw it widen its geographical reach to include West Africa.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Ivorian Startup Auto24 Takes its Used Car Revolution to Morocco, Rwanda, Senegal, and South Africa
Auto24, an Ivorian used car marketplace, has announced its expansion into four new African markets: Morocco, Rwanda, Senegal, and South Africa.
British company Bboxx and EV firm Spiro team up to accelerate electric mobility in 3 African countries
Bboxx, a leading provider of clean energy solutions, has joined forces with Spiro, a prominent electric mobility company, to accelerate the adoption of electric vehicles (EVs) in three African countries.
South Africa Launches First Military-Focused AI Hub in Africa
South Africa took a significant step towards integrating Artificial Intelligence (AI) into its national defense and security with the launch of the Defence Artificial Intelligence Research Unit (DAIRU).
