Whereas ClimateTech could also be all the trend proper now – and for good causes – new VC Paris-based agency Satgana (which suggests “an excellent firm” in Sanskrit) is hoping its tackle the topic will acquire traction.
It’s now accomplished the primary closing of a goal €30m fund to again startups in areas akin to meals and agriculture, vitality, mobility, buildings/business, plus, extra typically, carbon elimination and round economies.
The fund will make investments as much as €500,000 on the pre-seed and seed phases throughout Europe and Africa, bringing to bear its crew which includes operational and strategic expertise. It additionally plans to use a ‘variety and inclusion’ lens pre and post-investment.
To this point, the fund has already invested in three ClimateTech startups, with two others to be introduced quickly, it says. These are:

● Orbio Earth, a German startup constructing a platform to for vitality suppliers to observe and scale back methane emissions utilizing satellite tv for pc knowledge
● Mazi Mobility, a Kenyan startup constructing a community of electrical motorbikes and a battery swapping infrastructure in East Africa;
● Yeasty, a French startup constructing another protein leveraging beer yeast with a round mannequin.
Satgana says it has counts 30+ LPs in its first closing, together with Thibaud Hug de Larauze (Co-Founder & CEO of impression unicorn Again Market), Josef Bovet (CEO of Tiller Techniques), Fabrice de Gaudemar (CEO of Qotto and ex-Govt Board of Eurazeo), Elsa Hermal (Co-Founding father of Epicery) and the Household Workplace Cullom Capital.
Romain Diaz, Basic Associate, mentioned in a press release: “The local weather and ecological disaster is the defining problem of our time. As a big problem forward of us, it is usually a large enterprise alternative as we have to reinvent all of the sectors of our economies to fulfill the targets of the Paris Settlement.”
Satgana’s Enterprise associate might be Patrícia Silva (based mostly out of Lisbon), who can be Co-Founder and Non-Govt Director of the Carbon Removing Centre. Funding director might be Anil Maguru.
Advisors embody Lubomila J. (Plan A & Co-Founder Greentech Alliance) and James Crowley (Former Co-founder & CTO of FundApps).
