Current interest in climate technology is understandable, and Satgana, a new venture capital business with offices in Paris (Satgana means “a nice company” in Sanskrit), thinks that its take on the subject will gain traction.
A projected €30 million fund has just finished its first closing to assist entrepreneurs in industries like food and agriculture, energy, mobility, and buildings/industry, as well as more extensively in carbon removal and circular economies.
The fund will invest up to €500,000 in the pre-seed and seed phases across Europe and Africa using its team, which is made up of people with operational and strategic experience. It also plans to pre- and post-invest while keeping “diversity and inclusion” in mind.
Along with the three businesses that are now sponsored, the fund plans to make two more investments in climate tech companies soon.
- A German company called Orbio Earth is creating a platform that will allow energy providers to track and reduce methane emissions using satellite data.
- An East African network of electric motorcycles and a battery-swapping infrastructure are being developed by the Kenyan company Mazi Mobility.
- A French company called Yeasty is creating an alternative protein using circular beer yeast.
Satgana asserts Thirty or more LPs took part in its first round, including Elsa Hermal (co-founder of Epicery), Josef Bovet (CEO of Tiller Systems), Fabrice de Gaudemar (CEO of Qotto and ex-executive board member of Eurazeo), Thibaud Hug de Larauze (co-founder and CEO of impact unicorn Back Market), and the family office Cullom Capital.
James Crowley and Lubomila J., co-founders of Greentech Alliance and Plan A, are two of the advisers (former co-founder and CTO of FundApps).
Regarding climate change, technology has had an intriguing historical influence. The venture capital landscape in the climate environment has undergone a significant change. Substantial new amounts of investment into private markets have been produced by new forms of capital and finance structures.
As the effects of climate change are felt more by society, the investment environment for climate technology is unchanged.