SET Ventures

Firm Name: SET Ventures Investment Thesis: Backing digital innovators to accelerate the carbon‑free energy transition in Europe. Focus: Digital energy technologies — including distributed energy systems, digital utilities, AI‑enabled infrastructure, industrial energy management, built environment, and mobility/transport. Stage: Series A (early growth) — lead checks typically €2–5 M, up to €6 M. Geography: Amsterdam HQ; invests across Europe (core in Benelux, DACH, UK, Nordics, Southern Europe). Notable Portfolio Companies: Instagrid, Vilisto, Easelink, Energyworx, Sensorfact (exit), Enocean (exit) Description: Founded in 2007 and headquartered in Amsterdam, SET (Sustainable Energy Technologies) Ventures is Europe’s leading energy-focused VC. Their mission is to enable a carbon-free energy system by supporting fast-growing digital companies across the energy value chain. They invest in startups that combine strong digital capabilities with market traction, deploying Series A funding rounds of €2–5 M, typically not exceeding €6 M, while reserving additional follow-on capacity. SET operates a pan-European strategy, with a presence in Amsterdam and Hamburg, targeting companies in core regions including Germany, Benelux, UK, Nordics, and Iberia. Their portfolio spans key domains such as distributed energy systems (Instagrid, Hydrogrid), digital utilities and industrial energy (Energyworx, Sensorfact), built environment (Vilisto, Fuchs & Eule), and mobility (Easelink). Their fourth fund, closing at €200 M in September 2024, underscores their commitment to scaling digital solutions for net-zero energy.