He is a newcomer to the world of Climate Tech. The Satgana company, based in Paris, has just announced the launch of a 30 million euro investment fund to support around forty start-ups that are responding to the challenges of climate change.
Many areas of activity are targeted, including energy, mobility, construction and industry, or even agriculture and food. Their common trait: these companies must contribute to decarbonizing the economy with the idea of achieving carbon neutrality by 2050.
“The climate crisis is the existential issue of our generation”
Satgana’s new fund therefore plans to invest up to 500,000 euros in around forty start-ups. This new actor did not wait to take action. It has already bet on three innovative projects.
This is the case with Yeasty, a French startup that produces an alternative super-protein. Enough to give a second life to brewery yeasts. Satgana has also invested in Orbio Earth, a German nugget which is developing an algorithm for detecting methane leaks by satellite. Finally, the Kenyan company, Mazi Mobility, benefited from a contribution from the investment fund. It is deploying an ecosystem to encourage the development of electric mobility in East Africa.
In a press release issued for the occasion, Romain Diaz, CEO of Satgana, returned to his motivation for launching this investment fund: “ The climate crisis is the existential issue of our generation. Meeting the challenge of the Paris Agreement and achieving carbon neutrality by 2050 is a gigantic challenge, but also a tremendous opportunity to reinvent all sectors of our economies. »
He adds : ” There is an urgent need to support and invest in technological and societal responses to the climate emergency. More than ever, we must unite our expertise to preserve and regenerate our planet. We want to bring together investors, startups and partners to take up this major challenge together. »
Coincidentally, we learned a few days ago of a major change in the approach of the Breakthrough Energy investment fund, launched by Bill Gates. The latter wishes to fight against climate change by focusing on new innovative technologies. While it has previously focused on companies trying to reduce pollution, the idea is now also to focus on mitigating the consequences of this disruption.
Breakthrough Energy will therefore support technologies aimed at helping farmers cope with droughts. It is also planned to encourage innovations that would make it possible to desalinate or extract moisture from the air.