Novastar Ventures fund attracts Spanish LP
The Spanish Agency for Development Cooperation has approved an investment in the Novastar Ventures Africa People and Planet Fund III.
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The Spanish Agency for Development Cooperation (AECID) has approved an investment of up to $10 million in the Novastar Ventures Africa People and Planet Fund III (NVIII).
Managed by Novastar Ventures, the fund has a focus on sectors like renewable energy, e-mobility, smart logistics, the circular economy, and regenerative agriculture.
“AECID joins a growing coalition of global investors in NVIII, united by a shared belief in the power of Africa’s entrepreneurs to build a clean and inclusive development path for the continent, and for the world,” Novastar Ventures said in a statement.
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