Novastar Ventures is a venture capital fund that invests in African startups reaching low-income consumers, suppliers, employees, and distributors at large scale, focusing especially on climate adaptation, decarbonization, and natural-resource businesses, and it looks beyond Africa's four biggest markets to places like Uganda, Ghana, and Francophone Africa for less crowded opportunities. The fund has backed companies such as Moniepoint, mPharma, TradeDepot, Turaco, MoKo, and iProcure, operates from bases in London, Nairobi, and Lagos, was named the accredited entity for a Green Climate Fund project spanning Kenya, Nigeria, Rwanda, South Africa, and Egypt, and received a $40 million multifund commitment from Japan's SBI Holdings—its first direct investment in an African venture capital firm.