Novastar Ventures
Seed–Late Stage
Investment thesis
Novastar invests in bold entrepreneurs transforming markets and sectors across Africa with a focus on impact for people and planet. The firm manages Novastar Ventures Africa People and Planet Fund III, which raised $147 million, supporting portfolio companies spanning mobility, food technology, and other sectors.
Source: firm website, verified Jul 20, 2026.
What they invest in
from 1 of 25 portfolio companiesB2B Marketplaces ×1Consumer ×1FoodTech ×1Logistics & Supply Chain ×1Marketplaces ×1
HQs:Nigeria×1
Investments · 25 tracked
founders shown can be your intro pathChowdeck is a food delivery platform in Africa that connects customers with restaurants and delivery riders. The company addresses logistics challenges in food delivery by providing an efficient mobile app for orders, targeting underserved markets where traditional delivery providers are unreliable.
B2B MarketplacesConsumerFoodTechLogistics & Supply ChainMarketplacesLA, NG
Femi Aluko(Founder)inOlumide Ojo(Founder)inLanre Yusuf(Founder)inBabafemi Aluko(CEO / co-founder)
Frequently asked questions
- What stage does Novastar Ventures invest at?
- Novastar Ventures invests at the Seed, Late Stage stages.
- What sectors does Novastar Ventures focus on?
- Novastar Ventures focuses on Sector Agnostic.
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