Swedfund Commits to Novastar Ventures Fund
Swedfund, Sweden’s development finance institution, has committed $10 million to the Novastar Ventures Africa People and Planet Fund III (NVIII).
Through this indirect investment, Swedfund aims to catalyse funding for early-stage local businesses developing solutions in renewable energy, e-mobility, smart logistics, circular economy and regenerative agriculture.
Source: Africa Private Equity News (link opens in a new window)
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