Venture Capital firm Satgana announces the first closing of a target €30m VC fund to back the next generation of purpose-driven entrepreneurs building the Future of Earth.
Satgana, which means “a good company” in Sanskrit, invests up to €500K at the pre-seed & seed stages across Europe and Africa.
Beyond capital, it will supercharge founders with hands-on operational and strategic support to its portfolio thanks to the network of its Collective and some of its investors on matters such as impact management, technology development, strategy, hiring and fundraising.
Satgana is looking at a broad range of solutions, intending to help decarbonize all the sectors of the economy.
Areas of focus include:
- Food & agriculture
- Industry & buildings
- Carbon removal
- Circular economy
Investments will span across Europe and key markets in Africa, while incorporating a diversity & inclusion lens pre and post-investment.
So far, the fund has already invested in 3 Climate Tech startups, with two others to be announced soon:
● Orbio Earth, a German startup building a methane intelligence software to help energy providers to monitor and reduce methane emissions with the use of satellites;
● Mazi Mobility, a Kenyan startup building a network of electric motorbikes and a battery swapping infrastructure in East Africa;
● Yeasty, a French startup building an alternative protein leveraging beer yeast with a circular model.
Satgana was founded by a diverse Collective leveraging decades of experience on both sides of the table, operating and investing with a gender lens in impact-driven companies.
The fund already counts 30+ LPs in its first closing, mainly made up of high net worth individuals and family offices, including Thibaud Hug de Larauze (Co-Founder & CEO of impact unicorn Back Market), Josef Bovet (CEO of Tiller Systems), Fabrice de Gaudemar (CEO of Qotto and ex-Executive Board of Eurazeo), Elsa Hermal (Co-Founder of Epicery) and the Family Office Cullom Capital.
Romain Diaz, General Partner: “The climate and ecological crisis is the defining issue of our time. As a gigantic challenge ahead of us, it is also a massive business opportunity as we need to reinvent all the sectors of our economies to meet the targets of the Paris Agreement. There has never been a better time to build and invest in Climate Tech, fostered by an unprecedented flood of talent and capital into the space. We look forward to connecting with many more founders, ecosystem partners, investors and talent to join us on this journey to help regenerate our planet.”