Recent Funding
Investors
Novastar Ventures

Novastar Ventures portfolio

Novastar Ventures has 3 portfolio companies on record at Recent Funding, with 2 investments in the last 12 months.

Website: novastarventures.com.

Type: Impact investor.

Portfolio on Recent Funding: 3.

Deals, last 12 months: 2.

Rounds led: 1 of 4.

Capital in their rounds: $115M.

Latest deal: Breadfast · Feb 20, 2026.

About this page

It is an impact investor based in London, GB, founded in 2014. It led 1 of the 4 rounds it joined. Its most recent investment on record is Breadfast's $50M Series B+ round in February 2026, alongside International Finance Corporation, AAIC Investment, Olayan Financing Company and 5 others. By category, its portfolio leans toward Commerce and retail (2) and Logistics and mobility (2). It has co-invested with Y Combinator, SBI Investment and European Bank for Reconstruction and Development, most often Y Combinator (2 rounds).

About Novastar Ventures

Firm type: Impact investor.

Headquarters: London, GB.

Founded: 2014.

Stages: Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage.

Sectors: Climate Tech, Impact & Social Good, Sector Agnostic.

Leads rounds: No.

Portfolio companies: 15.

Exits: 0.

Rounds led: 2.

What Novastar Ventures invests in

Commerce and retail · 2 · 67%
Logistics and mobility · 2 · 67%
Consumer and social · 1 · 33%
Legal and compliance · 1 · 33%
Fintech · 1 · 33%
Climate and energy · 1 · 33%

Novastar Ventures recent investments

Company	Round	Date	Alongside
BBreadfast	Series B+ · $50M	Feb 20, 2026	International Finance Corporation, AAIC Investment, Olayan Financing Company +5
MMAX	Series B+ · $24M	Jan 18, 2026	Equitane, Endeavor Catalyst
BBreadfast	Series B+ · $10M · lead	Aug 11, 2025	SBI Investment, European Bank for Reconstruction and Development (lead), Y Combinator +2
MMAX	Series B+ · $31M	Dec 19, 2021	Capria Ventures, Proparco, Global Ventures (lead) +3

How Novastar Ventures invests

Stage	Deals	Capital in rounds
Series B+	4 100%	$115M

Year	Deals	Capital in rounds
2021	1 25%	$31M
2025	1 25%	$10M
2026	2 50%	$74M

Novastar Ventures portfolio companies

BBreadfast$50MSeries B+ · Feb 2026
MMAX$24MSeries B+ · Jan 2026
PPaygoenergybacker

Company	Round with Novastar Ventures	Total raised	Latest raise
BBreadfast Commerce and retail	Feb 20, 2026 Series B+ · $50M	$86M	Feb 20, 2026 Series B+
MMAX Legal and compliance	Jan 18, 2026 Series B+ · $24M	$84M	Oct 12, 2026 Series B+
PPaygoenergy Climate and energy	backer	undisclosed	—

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Commerce and retail).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 4 rounds on Recent Funding that name Novastar Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Novastar Ventures, which is a subset of its real portfolio. API: /api/v1/investors/novastar-ventures (get a free API key). More: the most active VC firms and new venture capital funds.