A venture capital firm, Satgana, has begun moves to raise two new investment funds targeted at climate technology startups in Africa and Europe, as it seeks to deepen support for innovative solutions addressing environmental and economic challenges across both regions. The firm, which invests about $570,000 in early stage startups, said the planned funds would operate as dedicated vehicles for each continent, enabling it to strengthen its presence and scale investments in climate focused enterprises.
A partner at the firm, Anil Maguru, disclosed that the company was currently structuring separate funds for Africa and Europe, although final figures for the size of the funds had not yet been publicly disclosed. According to him, the initiative represents the next phase of the company’s growth strategy after several years of investing in climate innovation across multiple countries.
Maguru explained that the strategy behind operating in both regions goes beyond geographical diversification. He noted that African markets often push startups to develop solutions that are resilient, practical and built around real demand, while Europe offers access to stronger industrial partnerships, deeper capital pools and potential exit opportunities for growing companies.
Founded by Romain Diaz in 2020, Satgana has so far invested in about 30 startups across 16 countries and manages roughly $10 million in assets, with more than 150 investors drawn from 25 countries. The firm focuses on climate technology sectors including transportation, energy, agriculture, industrial innovation, carbon reduction and the circular economy, with a strong emphasis on businesses whose economic success is directly tied to environmental efficiency.
Some of the startups supported by the firm include Orbio Earth, which uses satellite technology to track methane emissions in the oil and gas industry, Mazi Mobility, a Kenyan mobility company electrifying motorcycle taxis with battery swapping infrastructure, and Revivo, a Nairobi based platform that connects repair shops with electronic spare parts to support a circular repair economy. Satgana said its investment approach prioritises companies that can operate successfully even in difficult market conditions, particularly in developing economies where reliability, cost savings and productivity often determine adoption.