SET Ventures

SET Ventures is an Amsterdam-based venture capital firm dedicated to accelerating the global energy transition through investments in digital technologies. Established in 2007, the firm specifically targets innovative companies developing solutions for a carbon-free energy system, focusing on areas like smart grids, energy management, renewable energy integration, and e-mobility infrastructure. Their strategic emphasis is on fostering the digital transformation of the energy sector, recognizing technology as a crucial enabler for sustainability and efficiency.

SET Ventures primarily invests in Series A and Series B rounds, often taking a lead investor role. They are known for their hands-on approach, providing strategic support and leveraging their deep industry network to help portfolio companies scale. The firm recently closed its fourth fund, SET Fund IV, at €200 million in 2022, significantly expanding its capacity to back promising European energy tech startups. This follows previous successful funds, including SET Fund III, which closed at €100 million.

With SET Fund IV, the firm typically deploys initial investments ranging from €5 million to €10 million. They also reserve substantial capital for follow-on investments, potentially committing up to €20 million per company throughout their lifecycle. While based in the Netherlands, SET Ventures has a pan-European investment mandate, actively seeking opportunities across key markets such as Germany, the UK, and the Nordics, alongside their home market. Their portfolio reflects a diverse range of companies contributing to various facets of the energy transition, from grid optimization to sustainable industrial processes.