Pan-African VC firm Novastar Ventures secures $80m capital from Japan’s SBI Holdings
- Novastar Ventures has secured US$80 million in capital from Japan’s SBI Holdings.
- Novastar is one of the largest platforms dedicated to financing early and growth stage businesses in Africa.
- SBI Holdings will invest to take a minority stake in Novastar, providing growth capital to develop the Novastar platform.
The partnership between Novastar Ventures and SBI Holdings is a positive development for the African VC ecosystem. With the additional capital and support from SBI Holdings, Novastar can further develop its platform and continue to finance early and growth stage businesses in Africa. The partnership also highlights the potential for collaboration between Japan and Africa in terms of investment, knowledge transfer, and innovation.
