Saviu makes first climate tech bet with €1.2M round for Senegal's SORAM Afrique

What's the deal? Saviu VenturesDealroom has a profile for this one. Try Dealroom →, a Paris- and Nairobi-based investor, has led a €1.2 million ($1.36 million) round in Senegalese industrial company SORAM Afrique, alongside the company's management team. The deal came through the firm's second fund, Saviu II, and marks its first investment in climate tech.

What does SORAM do? Founded in Dakar and led by Florian Baudoin, SORAM Afrique reconditions and redeploys professional printing equipment rather than reselling new machines. Its circular model extends equipment lifespan and cuts consumable waste, with multi-brand expertise across Konica MinoltaDealroom has a profile for this one. Try Dealroom →, KyoceraDealroom has a profile for this one. Try Dealroom →, and CanonDealroom has a profile for this one. Try Dealroom →.

The track record: Over more than 10 years, SORAM has served over 1,000 customers and deployed roughly 4,000 pieces of equipment across three countries. It supports SMEs, large firms, government agencies, and educational institutions across Senegal and West Africa.

The bigger picture: SORAM now sits within OLU 360, a holding group of three businesses including IRIS Afrique and SIS. The group employs 60 people, manages more than 2,000 machines, and generates FCFA 1.3 billion in revenue.

What's the endgame? The new capital will fund OLU 360's next growth phase. Operations already reach Gambia and Guinea, with plans to expand further across West Africa, including Côte d'Ivoire.

The signal: Saviu framed the deal as a bet beyond software. "Africa's next generation of category leaders will not only be built in software," the firm said, pointing to "strong local businesses, operational expertise and scalable industrial models" as sources of value across the continent.

Read more: african-startups.com

Image credit: Generated with Gemini