April 7

DFC Invests $25 Million in Novastar’s Africa People + Planet Fund

By Annie Njanja

The U.S International Development Finance Corporation (DFC) has made equity investment to the tune of $25 million in a new fund by Pan-African venture capital firm Novastar Ventures, to back founders building agriculture and climate solutions.

The DFC revealed details of the transaction, and Novastar’s new investment vehicle, the Africa People + Planet Fund, during its latest update detailing the transactions it had approved over the last few months.

Photo courtesy of Mozambique – Massaca Reservoir Water Collection Agric – John Hogg.

Source: Tech Crunch (link opens in a new window)

Agriculture, Investing, Technology
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