Satgana

Great founders turn real problems into solutions. As Kidus Asfaw, CEO of our portfolio company Kubik, Inc. puts it - technology or trends alone are not enough. The best founders understand human needs and create solutions that truly improve lives. Ask yourself: 💡 What challenges need solving? ⚡ What solutions can be improved or scaled faster? 🌱 How can I create impact while building a profitable, sustainable business? Focus on meaningful problems, iterate relentlessly, and design for real human needs. That is how ideas become businesses that matter.

We are delighted to welcome Agathe Blanluet Terrou as Co-Investments Director at Satgana! 🐝 Agathe brings a unique combination of experience across Venture Capital, Asset Management, and DeepTech, rooted in a global outlook and a strong commitment to impact. She joins us from Otrera New Energy, a French DeepTech nuclear startup and laureate of the France 2030 Innovative Reactors program, where she led investment strategy and co-drove international expansion. Before Otrera, she spent three years at Capital Group in London, the world’s largest active Asset Manager, covering Retail and Consumer Goods in North America and contributing to sector recommendations across Tech and Energy. She previously worked in VC at Serena, and at Inside Capital Partners, a firm based in Mauritius investing across Southeast Africa, where she supported due diligence and portfolio scaling efforts. She also held strategic roles at Danone and Edmond de Rothschild. 🌟 Agathe graduated from HEC Paris and Università Bocconi, and was awarded McKinsey & Company’s Next Generation Woman Leader prize in 2019. Beyond her professional track record, she brings deep engagement in education, equal opportunity, African entrepreneurship, and geopolitics. She serves as Vice President of the Julienne Dumeste Foundation, is a mentor at AfroClimate supporting small businesses across the continent, teaches geopolitics, and advises a Malagasy startup working with artisans to scale internationally. 💡 Agathe will be rolling out our co-investment strategy, enabling our community of investors to access exclusive Climate Tech opportunities across stages, typically hard to access for individual investors. This will allow them to invest alongside Satgana and other top-tier funds, partnering with remarkable founders shaping a climate-positive future. She shares: “I’m thrilled to deepen my commitment to the planet with Satgana, through both investment and education. And to keep acting on the ground — and start somewhere — when I’m not speaking with investors or our founders, you’ll probably find me in my ‘happy place’ in Corrèze (a region in France’s so-called ‘diagonale du vide’) … planting trees!” Based in Paris 🇫🇷, Agathe will be instrumental in strengthening Satgana’s co-investment capabilities and supporting our mission to back ambitious founders building scalable solutions. She embodies the blend of global perspective, analytical rigor, and values-driven leadership that we strive for at Satgana. 🧡 Welcome to the team, Agathe! We’re thrilled to build the next chapter together.

Technology alone won’t scale the carbon removal industry. Infrastructure, policy clarity and market alignment will. Two weeks ago, during Patch’s Brussels CDR Tour with Sirona Technologies and Isometric, this became very clear. Across the European Commission briefing, the MRV and standards discussion, and the visit inside Sirona’s DAC R&D and production space, one insight stood out: Carbon removal is becoming a system, not a standalone product. What that system needs: 🔧 Capture hardware built for local energy and climate realities 🔨 Transport and storage networks that scale together 📊 Strong MRV and transparent durability standards 🏛️ Policy that sets eligibility and long-term obligations 🏢 Buyers preparing for voluntary and compliance convergence For us as supporters, seeing this ecosystem come together on the ground matters. The voluntary market is already teaching the practices that compliance markets will soon require. A special congratulations to the Sirona Technologies team for opening their lab, sharing their process and demonstrating what real execution looks like. Their clarity, precision and hardware-first approach were a highlight of the entire tour. If you have the chance to join a future briefing or field visit, it’s worth it! This is where the next phase of carbon removal is being shaped 👀 Christian Holzleitner • Svea Nyberg • IETA

Africa ➡️ to Europe is a trajectory we should highlight more often, especially as we speak with partners who understand how cross-market execution creates durable value. 🌍 Wattnow is scaling a precise, data-driven energy intelligence platform built in Tunisia and Morocco and now deploying it in France! What stands out here is not a sustainability story, but a performance one: solving real efficiency challenges, adapting to fundamentally different market conditions, and proving a clear ROI for customers. This kind of operational depth and ability to compete across geographies is exactly what defines the strongest climate and energy companies of the next decade. A strong case of Africa to Europe execution. Congratulations to Issam Smaali, Malek Atallah and all the Wattnow team on this milestone! 👏

🚀 Ready for your next career move? Startups from Satgana’s portfolio are hiring across energy, climate, mobility, and circular economy. 👉 Explore the opportunities and visit each startup’s website to apply! Amini • Ark Climate • Estuaire • Kubik, Inc. • Loewi • Mazi Mobility • NitroVolt • Sirona Technologies • Voltiris

Plentify is the kind of African innovation that has the potential to scale globally: Practical, execution-driven, and commercially competitive, their AI-powered technology solves a universal challenge: matching renewable energy supply with household demand. The result? 🌍 Lower costs, improved reliability, and smarter use of solar and storage - solutions that perform, not just “green.” The team behind this momentum brings world-class depth and discipline: • Jon Kornik, CEO, formerly leading Google’s energy business in Africa • Kailas Nair, CGO, who scaled Vitality’s North American business with a data-driven approach to growth • Nissa Ostroff, COO, who brings operational excellence and scale-up expertise, former CFO at JPMorganChase We’re proud to have invested in their Series-A, led by Secha Capital, supporting Plentify as they scale globally 🌎. With nearly 100 MWh of home energy assets already under management, they’re proving that smart, local solutions can deliver real global impact. Excited to support Jon, Kailas, Nissa, and the team as they expand into new geographies and build a commercially compelling model for home energy transformation ✨

Science creates solutions. ⬇️ Entrepreneurs turn them into scalable impact. ⬇️ Capital helps them reach the world. Scientific breakthroughs have the potential to improve lives and industries, but many innovations in energy, materials, biotech and carbon solutions struggle to scale without the right funding, validation or operational support. As we look ahead to 2026, we’re exploring the next wave of impact. Which scientific advance do you think will have the strongest market impact in the coming year? And which will shape the next five years? We imagine they could be in: 🔋 Energy 🍓 Food 🌾 Agriculture 🚗 Mobility 🧪 New Materials 🏗️ Built Environment Sustainability matters, but adoption happens when solutions deliver clear value. 👀 Are there any we haven’t listed? Let us know in the comments!

🌱 What’s the first thing we look for when reviewing a founder’s application? Shahnaz Khan, Principal at Satgana, shares clear, practical insights that every early-stage founder should hear. Whether you’re applying to a fund or accelerator, or just starting your entrepreneurial journey, these practical tips from Satgana can help you apply with confidence and stand out when seeking funding.

Last week, 75 people from 11 countries joined us in Paris for our first in-person Satgana LP Annual General Meeting 🇫🇷🇪🇺🌍. The room was filled with LPs, portfolio founders and long-time believers, an extended tribe that truly embodies what Satgana has become. Looking back at our journey, Satgana has now invested in 28 portfolio companies across Europe and Africa. These founders are reshaping critical industries and proving that competitiveness, scale and impact can grow hand in hand. Some of our esteemed investors shared inspiring testimonies: 🟠 Thibaud Hug de Larauze, Co-Founder & CEO of Back Market and LP at Satgana, shared how the company grew to operate in 17 countries, serving 17 million customers, and avoiding 2 million tons of CO₂ 🟠 Maurice Lévy, Chairman of the Supervisory Board of Publicis Groupe and Founder of VivaTech, shared how impact investing shapes an optimistic view of the future, especially in Africa where talent and opportunities abound 🟠 Jacques Bonifay and the TRANSATEL (an NTT company) team at Tour CBX. Special thanks to the Transatel team (Bertrand Salomon, Philippe Vigneau, Romain Durand 🦊, and Jacques Bonifay) for generously hosting the event and for their trust as LPs in Satgana The Founders of our portfolio companies also presented their latest developments: 📊 Kate Kallot, CEO & Founder of Amini AI 🇰🇪, building Africa’s environmental data collection infrastructure 📱 Sjoerd Nikkelen, CEO & Co-Founder of MoPhones 🇰🇪, making high-quality refurbished mobile devices accessible to everyone in Africa 🫧 Suzanne Zamany Andersen, CEO & Co-Founder of NitroVolt 🇩🇰, pioneering decentralized, low-carbon ammonia production through breakthrough electrochemistry 🧱 Kidus Asfaw, CEO & Founder of Kubik, Inc. 🇪🇹, turning hard-to-recycle plastic waste into low-cost, low-carbon building materials ✈️ Maxime Meijers, CEO & Co-Founder of Estuaire 🇫🇷, empowering the aviation industry to reduce its environmental impact 🌈 Nicolas Weber, CEO & Co-Founder of Voltiris 🇨🇭, transforming greenhouse agriculture with innovative spectral filtering technology 🍽️ Hassan-Ali Chaudhary, CEO & Founder of Fullsoon 🇫🇷, using AI to reduce food waste in restaurants and hotels 🌾 Nikola Stefanovic, Mathieu Durand & Juan Londoño Leon, Co-Founders of Onima 🇫🇷, creating innovative nutrition solutions by upcycling brewery waste into high-protein yeast flour 🚲 Vivien Maraquin, CEO & Founder of Loewi 🇫🇷, driving smart, sustainable e-mobility through refurbished electric bikes ⚡ Issam Smaali & Malek Atallah, Co-Founders of Wattnow 🇹🇳, developing next-generation clean energy and smart energy management technologies The energy in the room left us profoundly grateful and excited for what lies ahead. 🧡A heartfelt thanks to all the investors, founders, and the abondance experience team for their support in organizing the event. Thank you for being part of this journey and for believing in what Satgana can become.

We’re excited to be part of Plentify’s oversubscribed Series-A! 🎉 This round is a strong validation of the growing global demand for efficient and clean home-energy tech. 🌍 Plentify is showing that climate innovation wins when it delivers real performance and real savings: ⚡ 10x growth in deployments 📊 Nearly 100 MWh under management 💡 9.9 GWh of electricity saved 💰 R40M+ returned to households 🌍 Pilots now live in the UK, Australia, and Brazil Congratulations to Jon Kornik, Kailas Nair, and the entire Plentify team. The round led by Secha Capital and Buffet Investments, with the support of E3 Capital, Fireball Capital, Endeavor’s Harvest Fund, and others, highlights the strength of what you’re building. This is our first investment in South Africa 🇿🇦, which feels meaningful since before founding Satgana, our CEO Romain Diaz lived for many years in South Africa, where he previously co-founded Far Ventures, one of the first Venture Studios on the African continent in 2015. Proud to be Plentify’s partners as they scale a solution that is competitive, resilient, and globally relevant. 🚀