SET ventures

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SET Ventures backs pioneering founders with capital, community and insights.

Use:
Date closing: -
Amount: 3M € - 10.0M €
Industry focus: Energy and water supply;
Total budget: 100M €
Entity type: Venture Capital
Vertical focus: energy, digital energy
Website: https://www.setventures.com/

Status:
Open
Funding type: Equity investment;
Geographic focus: Europe; DACH; United Kingdom; Netherlands;
Public/Private: Private
Stage focus: Seed; Series A;
Applicant target: Startup;

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Overview

Venture capital firm focused on digital technologies for a carbon-free energy system

SET focuses on innovation leaders that are transforming the energy system and pioneering the future of energy in distributed infrastructure, digital utilities, buildings, mobility and industry as well as relevant enabling technologies. They look for fast growing companies with strong digital DNA seeking (late) seed and Series A funding that can demonstrate market traction.

They usually invest €2 to 4 million in rounds that range from €3 to 10 million. They reserve substantial follow-on capital to follow the winners and can deploy up to €15 million in a single portfolio company.

They invest across all of Europe, with a concentration in North West (Netherlands, UK, DACH) as the region where they have seen the most digital energy innovations.

SET Ventures has raised a total of €200M across 3 funds, their latest being SET Fund III. This fund was announced on Jan 9, 2020 and raised a total of €100M.

Portfolio: Frequenz, ETPA, Easelink, Evinox.

Last updated on 2023-04-27 11:30