Japan’s SBI Holdings commits $40M to anchor Novastar Ventures’ future funds
- SBI Holdings makes a $40 million commitment to Novastar Ventures.
- SBI Holdings will take a minority stake in Novastar and get a non-executive seat on its board.
- Novastar is raising its third fund, The Africa People + Planet Fund, to invest in agriculture and climate solutions.
The partnership between SBI Holdings and Novastar Ventures is a significant development for both Japanese investors and African businesses. It opens up opportunities for financial and strategic investments, knowledge transfer, and innovation learnings. The commitment also reflects the growing interest in Africa's potential for sustainable development.
