Satgana VC Debuts Investment Fund Aimed at Emerging Startups in Africa and Europe
- Satgana successfully closed its inaugural fund, raising €8 million ($8.6 million) from family offices and high-net-worth individuals.
- The VC firm plans to invest in 30 early-stage startups in Africa and Europe, with a focus on climate change mitigation and resilience.
- Satgana has already made 13 investments, including in startups addressing environmental data gaps, battery-swapping infrastructure, plastic upcycling, and extending the lifespan of electronic devices.
Satgana's successful fundraising and investments in climate tech startups demonstrate the growing interest and support for innovative solutions addressing climate change. The focus on Africa reflects the continent's vulnerability to climate impacts, and the commitment to investing in initiatives that typically receive less VC funding is commendable.
