DFC invests $25M in Novastar’s Africa People + Planet Fund

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.
TechCrunch could not establish the details of other limited partners that made commitments, however, sources familiar with the fund said that the

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