Strategic Partnership · Insurtech · 2023

SBI Holdings commits $40M to anchor Novastar Ventures

SBI Holdings announced multifund commitment with board seat and minority stake with Novastar Ventures on November 2, 2023.

Primary
SBI Holdings
Counterparty
Novastar Ventures
Amount
$40M
Structure
multifund commitment with board seat and minority stake
Date
November 2, 2023
Sub-sector
Insurtech

SBI establishes bridge between Japanese institutional investors and African fintech/climate startups via Novastar's third fund targeting agriculture and climate solutions.

Primary company
SBI Holdings
Counterparty
Novastar Ventures
Amount
$40M
Event date
November 2, 2023
Sub-sector
Insurtech
HQ
Not disclosed
Structure
multifund commitment with board seat and minority stake
Source published
November 2, 2023
Publisher
TechCrunch via Yahoo Finance

Source: news.yahoo.com