“We have a no regret policy”: Climate-focused VC firm Satgana shares investment thesis and big bets on Africa
- Satgana has backed seven climate-tech startups across Africa.
- The firm closed its first fund of $8.6 million in March 2024.
- Climate tech startups raised 35% of all funding in 2024, approximately $500 million.
Satgana's approach to investing in climate tech in Africa is commendable, as it not only addresses urgent environmental issues but also fosters economic growth. The focus on underserved areas and the innovative concept of 'green discounts' could serve as a model for other VC firms looking to make a positive impact. However, the challenge of balancing affordability with sustainability remains a critical discussion point for the future of climate tech investments.
