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Satgana is a global Climate Tech Venture Capital firm founded in 2020, with a mission to support founders focused on creating a planet-positive future. The firm operates primarily in Europe and Africa, where it identifies significant opportunities for impact-driven ventures. As of 2024, Satgana has raised a total of approximately €8M from over 100 limited partners across 25 countries, with a target fund size of €30M for its first fund.
Currently, Satgana manages around $10M in assets under management (AUM) and has invested in 13 companies, with plans to expand its portfolio to approximately 30 startups. The firm emphasizes its commitment to sustainability and environmental impact, operating as a certified B Corporation. This status reflects its dedication to social and environmental performance, aligning its investment strategy with broader climate action goals.
Satgana primarily invests in pre-seed and seed-stage startups within the climate technology sector, focusing on companies that contribute to a sustainable future. The firm targets investments in Europe and Africa, where it sees a growing demand for innovative climate solutions. Satgana's investment strategy encompasses several key sectors, including climate, energy, food-agtech, transportation, industry and construction, carbon abatement, and the circular economy.
Initial check sizes range from $0 to $500K, allowing Satgana to support early-stage founders with the necessary capital to develop their ideas. The firm seeks mission-aligned founders who are committed to creating impactful solutions. Satgana's unique combination of venture-studio experience and institutional VC structure enables it to provide hands-on operational support and a genuine cross-Africa-Europe network, enhancing the potential for success among its portfolio companies.
Satgana's portfolio includes 13 notable companies that are making strides in climate technology:
As of mid-2024, Satgana has expanded its portfolio to 16 companies across 10 countries, demonstrating its active engagement in the climate tech sector.
Romain Diaz - Founder & CEO. Romain co-founded and served as CEO of Far Ventures, an African venture studio with a reported MOIC of 12x and an IRR of 50%. He has early involvement with Jumia, Africa's first unicorn, and has held advisory roles at Launch Africa Ventures and Antler France. Romain has a strong network across Africa and Europe.
Anil Maguru - Partner. Anil is a founding member of Satgana, having joined at its launch in 2020. He brings valuable insights and experience to the firm.
Patricia Silva, Ryan Grant Little, Lubomila Jordanova, James Crowley, Philippe Audebert, and Elsa Hermal serve as advisors and venture partners, providing operational support and diligence assistance to portfolio companies.
To pitch Satgana, founders should visit satgana.com for submission guidelines. The firm prefers detailed decks that include information on the startup's mission, market opportunity, and impact metrics. A warm introduction can enhance the chances of a successful pitch, but it is not strictly necessary. Founders can expect a response within a few weeks after submission.
In March 2024, Satgana announced the closing of its first fund with approximately €8M raised, significantly below its original target of €30M. This fund will focus on early-stage climate tech startups in Europe and Africa. The firm has also expanded its portfolio to 16 companies across 10 countries, demonstrating its active engagement in the climate tech sector.
In August 2023, Anil Maguru was formally announced as a partner at Satgana, further strengthening the firm's leadership team. The firm continues to build its reputation as a key player in the climate tech investment space, with a focus on supporting mission-aligned founders.
What are Satgana's investment criteria?
Satgana invests in pre-seed and seed-stage startups focused on climate technology. The firm looks for mission-aligned founders who are developing innovative solutions in sectors such as energy, food-agtech, transportation, and the circular economy.
How can founders pitch to Satgana?
Founders can pitch their startups by visiting the official website at satgana.com. The firm encourages detailed presentations that outline the startup's impact metrics and business model.
What makes Satgana different from other VCs?
Satgana combines venture-studio experience with institutional VC structure, providing hands-on operational support and a strong network across Europe and Africa. This unique approach enhances the potential for success among its portfolio companies.
What is the typical check size for investments?
Satgana typically invests between $0 and $500K in early-stage startups, allowing for flexibility in supporting founders at various stages of their development.
What is Satgana's geographic focus?
The firm primarily targets startups in Europe and Africa, recognizing the significant opportunities for climate tech innovation in these regions.
What is the current status of Satgana's fund?
As of 2024, Satgana has closed its first fund with approximately €8M raised, with plans to expand its portfolio to around 30 companies. The firm continues to actively deploy capital in the climate tech sector.
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