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Climate tech VC Satgana closes first fund that targets early-stage startups in Africa, Europe

Satgana, which emerged from stealth in 2022, has so far invested in 13 startups out of the 30 it targets in Europe and Africa.

Climate-tech VC Satgana has reached a final close of its first fund, which targets to back up to 30 early-stage startups in Africa and Europe. Its investees in Africa include Amini, a startup bridging the environmental data gap in Africa, Mazi Mobility, a Kenyan mobility-as-a-service startup working to develop a network of battery-swapping infrastructure; Kubik, which upcycles plastic and has operations in Ethiopia; and Revivo, a B2B marketplace selling electronic spare parts giving products like phones a new lease of life. “We are entering the continent to pursue green growth objectives; so deploying renewable energy, low carbon buildings, mobility solutions and so on.

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