Satgana
Satgana is a Luxembourg-based climate tech venture capital firm backing pre-seed and seed-stage startups across Europe and Africa via its €8M SFDR Article 9 Fund I, supported by a 200-person global network.
- Company typePrivate
- Founded2020
- HeadquartersLuxembourg, Luxembourg
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Satgana does
Satgana is an Earth Tech Venture Capital firm headquartered in Luxembourg that invests in early-stage climate technology startups across Europe and Africa. Founded in 2020 by Romain Diaz, the firm manages Satgana Fund I, an SFDR Article 9-classified venture fund with €8 million in commitments, deploying €100k–€500k tickets at pre-seed and seed stages into companies developing solutions in Energy, Mobility, Food & Agriculture, Industry, Buildings, and Carbon Removal. As of early 2026, the firm has backed approximately 30 portfolio companies and is raising two successor funds dedicated separately to Africa and Europe to scale regional deployment.
The firm's core differentiator is the Satgana Collective, a curated global network of 200+ mission-driven builders, investors, and changemakers across 25 countries, which functions as a community-driven engine for deal sourcing, portfolio support, and cross-continental bridge-building between European and African climate ecosystems. Satgana supplements capital with hands-on operational support including fundraising guidance, strategy, tailored impact workshops, Impact Scorecard evaluation, PAI monitoring, double materiality assessments, and lifecycle analyses. The firm is B Corp certified and was named in the Top 50 Emerging Impact Managers 2024 by Impact Assets.
Satgana's revenue model is conventional fund management: management fees on committed capital (typically ~2% on Fund I's €8M) and future carried interest on successful exits. The distribution model relies on direct outreach to climate tech founders through the firm's network, a public deal-flow application form, podcast and earned media presence, and participation in climate tech conferences. The core investment team is small (1–10 employees) with a broader network of venture partners, advisors (including Lubomila Jordanova), and a board chaired by Eryn Zander.
Satgana firmographics
Firmographics- Name
- Satgana
- Legal name
- Satgana
- Website
- https://satgana.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Satgana is a Luxembourg-based climate tech venture capital firm backing pre-seed and seed-stage startups across Europe and Africa via its €8M SFDR Article 9 Fund I, supported by a 200-person global network.
- Ownership category
- akta.pro rank
Satgana industry classification
Industry- Product category
- Venture Capital Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- SDG / Thematic Sustainable Investment Funds (FSANAJAN)
- akta.pro secondary industries
- Climate Finance Funds & Green Investment Facilities (BPADACAH), Climate Finance, Carbon Markets & MRV Systems (BPADALAB)
Keywords
Where Satgana is headquartered
LocationHeadquarters
- HQ city
- Luxembourg
- HQ country
- Luxembourg
- HQ region
- Europe
Offices1 record
Markets served
Satgana business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management & Carried Interest: Satgana generates returns through management fees and carried interest from its venture fund. As a fund manager, the firm collects fees on committed capital and earns a share of profits from successful portfolio exits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Pre-Seed & Seed investments |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Satgana product offering
Product offeringCore offering
Satgana is an Earth Tech Venture Capital firm that manages Satgana Fund I, an Article 9 SFDR-classified VC fund deploying €100k–€500k tickets into pre-seed and seed-stage climate tech startups across Europe and Africa. Portfolio companies receive hands-on support through the Satgana Collective, a 200+ person network across 25 countries, along with impact workshops, theory of change exercises, double materiality and lifecycle assessments. The firm also operates an LP reporting portal and a public deal flow application platform for founder submissions.
Product overview
Satgana is an Earth Tech Venture Capital firm that operates primarily as a fund manager rather than a product company. Its core offering is Satgana Fund I, an Article 9 SFDR-classified VC fund that exclusively backs pre-seed and seed-stage climate tech startups across Europe and Africa with ticket sizes of €100k to €500k. The firm supports its portfolio companies through the Satgana Collective (a 200+ person global network), tailored impact workshops and measurement frameworks, and cross-continental bridge-building between Europe and Africa. Satgana also provides LPs with a secure portal for fund reporting and operates a deal flow platform for founder applications. The fund's investment strategy prioritizes climate mitigation, circular economy, and climate adaptation solutions spanning Energy, Mobility, Food & Agriculture, Industry, Buildings, and Carbon Removal sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Satgana Fund I An Article 9 SFDR-classified venture capital fund investing exclusively in pre-seed and seed-stage climate tech startups across Europe and Africa, with ticket sizes of €100k to €500k in fundraising rounds ranging from €500k to €4m. The fund targets climate solutions in Energy, Mobility, Food & Agriculture, Industry, Buildings, and Carbon Removal sectors, and is offered to qualified Limited Partners.
- Satgana Collective A global network of 200+ mission-driven builders, investors, and changemakers across 25 countries that provides portfolio companies with mentorship, strategic connections, and operational support to accelerate climate innovation across Europe and Africa.
- Impact Support Services Tailored impact workshops, roadmaps, theory of change exercises, double materiality assessments, and lifecycle assessments provided to portfolio companies to help them measure and maximize their environmental impact in line with SFDR Article 9 requirements.
Quantifiable outcome
- 100+ million tonnes CO2e reduction potential across German municipalities served by portfolio
- +2 more outcomes
Companies that use Satgana
Customer profileSegments1 record
Ideal customer profiles2 records
Satgana technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Satgana partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
Satgana competitors and assessment
Company assessmentDirect peers
- Lowercarbon Capital: Climate tech venture firm backing early-stage startups decarbonizing the economy. Directly comparable to Satgana in thesis focus on climate solutions, though US-centric.
- Pale Blue Dot: European early-stage climate tech VC investing in founders tackling climate change. Highly comparable to Satgana in stage (seed), geography (Europe), and climate mandate.
- Extantia: Climate tech-focused VC backing founders across Europe advancing decarbonization. Comparable in stage, climate thesis, and European footprint.
- Planet A Ventures: European seed-stage VC focused on environmental and economic sustainability. Closely comparable in seed stage, Europe focus, and sustainability mandate.
- 2150 (formerly Atomico Ventures): European VC investing in technologies reshaping how the urban world is designed, built, and operated. Comparable in stage and climate/urban tech thesis across Europe.
- Climate Capital: Early-stage climate tech VC backing founders building solutions across energy, mobility, food, and buildings. Highly comparable thesis and stage to Satgana.
- AENU: European climate tech VC investing in seed and Series A founders building transformative climate solutions. Directly comparable in stage and European climate mandate.
- Clean Energy Ventures: Early-stage VC funding climate tech startups focused on decarbonization. Comparable in seed stage and climate mitigation thesis.
Emerging players
- EUM Ventures: Emerging European climate tech fund backing early-stage founders. Comparable as emerging player in European climate VC with smaller fund size.
- Octave Ventures: Climate tech VC investing across Europe and Africa in early-stage startups. Notable for being one of the few peers also operating the Europe-Africa bridge thesis.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Satgana social profiles
Digital presenceSatgana compliance and trust
Trust signalCompliance2 records
Satgana financial estimates
Financial estimateRevenue estimate
Valuation estimate
Satgana leadership team
Management profileNumber of profiles
Profiles11 records
Satgana funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Satgana M&A and investment
M&A and investmentM&A
Investments22 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Satgana
What does Satgana do?
Satgana is an Earth Tech Venture Capital firm that manages Satgana Fund I, an Article 9 SFDR-classified VC fund deploying €100k–€500k tickets into pre-seed and seed-stage climate tech startups across Europe and Africa. Portfolio companies receive hands-on support through the Satgana Collective, a 200+ person network across 25 countries, along with impact workshops, theory of change exercises, double materiality and lifecycle assessments. The firm also operates an LP reporting portal and a public deal flow application platform for founder submissions.
Is Satgana a public or private company?
Satgana is a private company. It is classified as venture growth investor backed and is currently operating.
When was Satgana founded?
Satgana was founded in 2020. It employs 1 to 10 people.
Where is Satgana based?
Satgana is headquartered in Luxembourg, Luxembourg, in the Europe region.
How does Satgana make money?
One revenue line is on record: fund Management & Carried Interest.
Who are Satgana's main competitors?
Direct peers on record are Lowercarbon Capital, Pale Blue Dot, Extantia, Planet A Ventures, 2150 (formerly Atomico Ventures), Climate Capital, AENU and Clean Energy Ventures. Emerging players are EUM Ventures and Octave Ventures.
Does Satgana have an API?
No public API is recorded for Satgana.
What industry is Satgana in?
Satgana's product category is Venture Capital Management. Its primary akta.pro industry code is FSANAJAN, SDG / Thematic Sustainable Investment Funds, with a secondary code of BPADACAH, Climate Finance Funds & Green Investment Facilities. Its NAICS code is 523940 and its SIC code is 6282.