TLDR:
- Satgana VC has debuted an investment fund aimed at emerging startups in Africa and Europe.
- The venture capital firm successfully closed its inaugural fund, securing €8 million ($8.6 million) in commitments from family offices and high-net-worth individuals.
Satgana VC, a climate tech VC firm, recently closed its first fund, with the goal of supporting early-stage startups across Africa and Europe. The firm secured €8 million ($8.6 million) in commitments from family offices and high-net-worth individuals, including notable contributors Maurice Lévy and Thibaud Hug de Larauze. With a focus on mitigating and enhancing resilience to climate change, Satgana VC provides funding of up to €300,000 for startups in various sectors such as mobility, food and agriculture, energy, and circular economy. The firm has made strategic investments in ventures like Amini, Mazi Mobility, and Kubik in Africa, and Orbio Earth, Yeasty, and Loewi in Europe. Satgana VC, founded by Romain Diaz, aims to support climate tech founders through investment and plans to launch multiple funds in the future to diversify their strategies. The VC firm is committed to driving its Africa strategy and investing in initiatives that promote adaptation to climate change, especially in vulnerable communities. Satgana VC is one of the latest funds dedicated to the African climate tech sector, alongside other funds like the Africa People + Planet Fund and the Catalyst Fund.
