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Satgana closes €8M first round for climate tech investments
Photo Source: WeeTracker
Satgana, a global VC firm, has successfully closed its first round with €8M from over 100 LPs across 25 countries.
Company Background: Founded in 2020 by Anil Maguru and Romain Diaz, Satgana focuses on investing in early-stage climate tech startups, offering tickets ranging from €100,000 to €300,000 at the Pre-seed and Seed stages.
The Team: Satgana emphasizes a diverse team to reflect the diversity of its founders, which it believes contributes to its success in both European and African markets.
Deals and Investments: Satgana has already closed 13 deals after reviewing over 2500 decks from founders. Notable investments include Orbio Earth, which tracks methane emissions for investor intelligence, Amini AI's datasets for Africa's environmental data gap, and Kubik's low-carbon building projects from waste products.
Recently gaining B Corp status, Satgana aims to pave the way for more funds, targeting a portfolio of 30 startups accelerating the transition to a low-carbon economy.