SET Ventures
Investing in digital technologies for a carbon-free energy system
SET Ventures provides early growth-stage capital to ventures that shape the energy system transition through smart software and services-based business models. This investor has a strong focus on accelerating early growth, typically, they do Series A rounds.
SET Ventures 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. Also they reserve substantial follow-on capital to follow the winners and can deploy up to €15 million in a single portfolio company.