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Satgana announced the first closing of its fund with a €30 million ( USD 29.6 Mn) target size. Further investment will be made in 40 start-ups tackling climate change across Europe and Africa. Satgana is on a mission to back the next generation of purpose-driven entrepreneurs building the future of Earth. It invests up to €500 000 at the pre-seed and seed stages.
The VC seeks to 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. Its focus areas include food and agriculture, energy, mobility, industry and buildings, carbon removal, and the circular economy. Investments will span across Europe and key markets in Africa while incorporating a diversity and inclusion lens pre- and post-investment.