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SBI Holdings Commits $40M to Anchor Novastar Ventures' Future Funds in Africa

SBI Holdings Commits $40M to Anchor Novastar Ventures' Future Funds in Africa

#venture capital
#investments
#funding
SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multi-fund commitment to anchor pan-African VC firm Novastar Ventures’ future funds.

🌍🚀 SBI Holdings, a Japanese financial services giant, is making a $40 million commitment to anchor future funds of pan-African VC firm Novastar Ventures. As part of the deal, SBI Holdings will take a minority stake in Novastar and join its board as an adviser in Africa. This collaboration aims to bridge Japan and Africa for financial and strategic investment, knowledge transfer, and innovation. Novastar is currently raising its third fund, The Africa People + Planet Fund, which targets over $200 million for investments in agriculture and climate solutions. The partnership will focus on sustainable and inclusive business models, aligning with Africa's development towards a planet-positive future. 🌱📊🤝


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