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SET Ventures

Venture capitaloperating company · company profile

Amsterdam · Seed–Growth · 25 people tracked

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Investment thesis

SET Ventures invests in companies shaping Europe's digital energy economy as the sector shifts from centralised, hardwired technologies toward digital systems. The firm targets three themes: hyperlocal solutions that produce, optimise and store energy where it is used; automation that connects volatile assets and responds to price signals; and resilience against cyber, physical and data-privacy risks. It focuses on six areas driving the digital energy economy, including distributed energy systems, digital utilities, AI and enabling technologies, industrial energy management, built environment, and mobility and transport. SET backs companies from early growth to European scale and commits to being a long-term partner, drawing on two decades of experience and over ten exits.

Source: firm website, verified Sep 27, 2026.

Stage
Seed–Growth
Check
$2M – $5M
HQ
Amsterdam, NL
Leads rounds
Leads
Instruments
Equity
Founded
2007
Last 12 months
1 investment
Tracked investments
40
IPOs
1
Acquisitions
2

Team · 25 people

from the firm's website & curated
Danny Ellis· Advisory Board

Advisory board member, entrepreneur and expert in scaling deeptech and climatetech companies.

Hayat Chedid· Advisory Board

Advisory board member and leadership management expert; co-founder of Upshot Impact.

Linda van Veen· Digital Office Managerin

Digital Office Manager running daily operations and office management at SET Ventures since 2020.

Founder mafia

3 people who came through SET Ventures went on to found or lead other companies.

What they invest in

from 30 of 40 portfolio companies

Energy ×26Cleantech ×24AI & Machine Learning ×9IoT ×8SaaS ×8Hardware ×6Climate Tech ×4Mobility & Transportation ×4

HQs:Germany×9Netherlands×7Austria×1Canada×1Spain×1France×1

Who they back

founder profiles across 12 portfolio companies
33%
solo founders
4 of 12 mapped founding teams
33%
repeat founders
of 15 founders with career history

Founding team size:solo founder×42 founders×43 founders×24+ founders×2

Where their founders studiedfrom 13 founders with education data

University of Cologne ×2

What their founders studiedfrom 13 founders with field-of-study data

Business & Management ×5

Where their founders worked beforefrom 15 founders with career history

Aroundhome ×2

Investments · 40 tracked

founders shown can be your intro path

By year:2026 · 12024 · 22023 · 32022 · 22021 · 22020 · 12019 · 12018 · 22017 · 115 dated

General Fusiongeneralfusion.comin𝕏NASDAQ: GFUZ

General Fusion develops Magnetized Target Fusion (MTF) technology, combining plasma physics, mechanical compression, and liquid metal systems to build a practical, cost-competitive fusion power plant.

CleantechDeep TechEnergyBurnaby, CA

Michael Laberge(Executive Officer)Michel Laberge(Founder & Chief Science Officer)inNathan Gilliland(Executive Officer, Director)inSusan Koch(Executive Officer)inGreg Twinney(Chief Executive Officer)inMegan Wilson(Chief Strategy Officer)in

Co-investorsBraemar Energy VenturesChrysalixEvolution VC PartnersHelium-3 VenturesJIMCONew Ground Ventures+10 more

Decadedecade.energyin𝕏Apr 2026

Decade Energy provides electrification solutions for mobility and fleet depots, including grid upgrades, battery storage, charging infrastructure, and energy optimization software.

BiotechCleantechEnergyMobility & TransportationMountain View, US

Devin Scannell(Executive Officer, Director, Promoter)Alejandro Ortega Peniche(Founder)inBrian Naughton(Executive Officer, Director)Alexandre Cleret(Founder)Carl Magnus Norden(Founder)Casper Norden(Founder)

Co-investorsContrarian VenturesEiffel Investment GroupAmplify PartnersAnanda Impact Ventures

Depsysdepsys.com

Kraken provides a cloud-based operating system for energy and utility companies to manage customer accounts, operations, and distributed energy resources, incorporating utility-focused AI.

AI & Machine LearningCleantechEnergy

Co-investorsVNT Management

E Mobilioe-mobilio.comin

e-mobilio provides a comprehensive SaaS platform and consulting services that help car dealerships, insurance companies, and fleet operators simplify electric vehicle purchasing decisions and advisory for their customers.

CleantechClimate TechEnergyEnterprise SoftwareMobility & TransportationSaaSMunich, DE

Ralph MissyinDenis Reichelin

Co-investorsSeed+SpeedÜbermorgen VenturesVireo VenturesZAKA VC

Easelinkeaselink.cominJan 2022

Easelink develops an automated charging solution for electric vehicles that uses parking time to charge through Matrix Charging®, an integrated charging connection in parking spaces.

CleantechEnergyHardwareIoTMobility & Transportation

Hermann StockingerinGregor EckhardinJürgen Antonitschin

Co-investorsEnBW New Ventures GmbHHermann Hauser InvestmentVERBUND X VenturesKOMPAS VC

Elmodiselmodis.comin𝕏Feb 2021

Elmodis provides hardware and cloud-based digital services for monitoring and diagnosing industrial machines to improve reliability and efficiency.

Advanced ManufacturingAI & Machine LearningIoT

Co-investorsIntel Capital

Enecoeneco.cominJul 2021

Eneco is an international energy company that helps consumers and businesses transition to sustainable energy through renewable generation, energy storage and smart energy solutions.

CleantechClimate TechEnergy

Co-investorsEneco Ventures4impact capitalEDP VenturesSantander

Enoceanenocean.comin

EnOcean develops energy-harvesting wireless technology that converts ambient energy into power, enabling battery-free devices and sensors for smart building automation.

CleantechEnergyHardwareIoTOberhaching, DE

Co-investorsEmerald Technology Ventures AgEnjoyventure ManagementInnovation IndustriesCipio Partners

Enriseenrise.frin

Enrise designs and installs solar photovoltaic systems on rooftops and parking canopies for businesses to consume green energy on-site, with options to store or resell surplus power.

CleantechClimate TechEnergyPropTech

Co-investorsAFI VenturesRing Capital

Esforinesforin.comin

ESFORIN provides short-term electricity and gas flexibility marketing services for industrial facilities, utilities, renewable energy generators, battery storage operators, and aggregators.

AI & Machine LearningEnergyEnterprise Software

Christian Hövelhaus(Co-founder)inChristoph Gardlo(Co-founder)in

Co-investorseCAPITAL ENTREPRENEURIAL PARTNERS

Etpaetpa.nlinNov 2024

Etpa operates an electricity exchange that provides trading infrastructure for companies in energy markets, supporting the transition to renewable energy.

CleantechClimate TechEnergyFintech

Co-investors4impact capitalSIF

Evinoxevinox.co.ukin𝕏Mar 2023

Evinox designs and manufactures heat interface units (HIUs), communal interface units (CIUs) and prefabricated utility cupboards, and provides a digital platform for real-time monitoring, control and optimisation of communal and district heat networks.

CleantechEnergyHardwareChessington, GB

Flexidaoflexidao.comin

FlexiDAO provides data, software, and advisory services for managing, trading, and reporting on renewable energy portfolios, helping customers assess climate-related risks and pursue carbon-aware procurement.

CleantechData & InfrastructureEnergySaaSAmsterdam, NL

Grzegorz Bytniewski(Founder)in

Co-investorsEIT InnoEnergyElewitRockstart

Frequenzfrequenz.cominOct 2022

Frequenz provides advanced peak shaving software that reduces grid fees and extends battery asset lifespan by using consumption forecasts and intelligent battery management.

AI & Machine LearningCleantechEnergyIoTSaaS

Co-investors468 Capital

Fuchs Eulefuchs-eule.dein

Fuchs & Eule advises decision-makers in the real estate industry on preserving and increasing property value through data-based portfolio screening, energy retrofit consulting, and funding/subsidy management.

CleantechEnergyPropTechBerlin, DE

Lina Adrian(Co-Founder & Director Sales)inRobin Behlau(Founder & Co-CEO)inFriso Zimmermann(Co-Founder & Director Sales)inCleantech Energy PropTech Lina Adrian(Founder)Matthias Kube(Co-Founder & Director Marketing)Tobias Frese(Co-Founder & Co-CEO)

Co-investorsGET FundPICUS CAPITALRealyze Ventures

Galvanygalvany.dein

Galvany designs and installs heat pumps with intelligent energy management systems for residential homes in Germany, helping homeowners reduce heating and electricity costs through modular, networked products.

CleantechEnergyIoTBerlin, DE

Co-investorsAENU

Green Eagle Solutionsgreeneaglesolutions.com

Green Eagle Solutions provides ARSOS, an automation platform for renewable energy control rooms that centralizes workflows, automates critical operations like curtailments and fault handling, and enables real-time decision-making across distributed energy portfolios.

AI & Machine LearningCleantechEnergyIoTSaaSMadrid, ES

Alejandro Cabrera(Co-Founder)Juan Fernández(Co-Founder)

Co-investorsKibo Ventures

GreenCom Networks AGgreencom-networks.comin𝕏Dec 2020acquired by Enphase Energy

The page describes IQ Energy Management, an energy optimization software that uses AI and machine learning to forecast household energy production and consumption, calculate optimal energy use, and control solar, battery, and grid energy systems for residential customers seeking cost savings or grid independence.

AI & Machine LearningCleantechEnergy

Co-investorsEnergy & Environment InvestmentGET FundMunich Venture PartnersCentricaShell Ventures

GreenFluxgreenflux.cominJun 2018

GreenFlux develops a platform for electric vehicle charging operations management used by charge point operators and e-mobility service providers to manage networks, optimize revenue, and improve driver experiences.

CleantechEnergyMobility & TransportationSaaSUnknown from page, NL

Co-investorsBOMEneco Ventures

HYDROGRIDhydrogrid.aiin

HYDROGRID provides an investment simulation platform for hydropower operators and developers to evaluate capital decisions including turbine upgrades, reservoir expansions, and M&A opportunities using real-time data and hourly-granularity modeling.

AI & Machine LearningEnergyEnterprise SoftwareSaaS

Co-investorsInven CapitalKarma Ventures

Instagridinstagrid.coinJan 2024 · $95M

Instagrid makes portable, battery-based power systems that deliver silent, zero-emission on-demand electricity as an alternative to combustion generators.

CleantechEnergyHardware

Andreas Sedlmayr(Founder)inSebastian Berning(Founder)Sebastian Berning Andreas Sedlmayr(Founder)

Co-investorsblueworld.groupEnergy Impact PartnersHigh Tech GruenderfondsTeachers' Venture GrowthThird DerivativeHTGF+1 more

Luxexcelluxexcel.comSep 2018

3D printing prescription lenses

Co-investorsGET FundInnovation IndustriesMunich Venture PartnersPMV

Metergridmetergrid.dein

Metergrid develops software solutions for decentralized energy transition, making energy management simpler and more accessible.

CleantechEnergyPropTechSaaS

Johannes Mewes(Founder)in

Co-investorsLBBW Venture Capital GmbHMätch VC468 Capital

Optics11optics11.comin𝕏

Optics11 develops fiber-optic sensing systems designed for harsh operating environments, providing ultra-sensitive, low-power monitoring of temperature, pressure, strain, and vibration.

Deep TechDefense TechHardwareAmsterdam, NL

Grzegorz(Technical leadership (Optics11))inHanneke(Chief People Officer)inDaniel(Leadership (underwater security))in

Co-investorsJoin CapitalFORWARD.oneValue Creation Capital

Sefairasefaira.comin𝕏

Sefaira offers a cloud-based platform for building performance analysis, letting architects and design teams model geometry in SketchUp and run annual energy and daylighting simulations using EnergyPlus and Radiance.

CleantechConstruction TechSaaS

Co-investorsBraemar Energy Ventures

Sensorfactsensorfact.nlinJul 2023 · $28Macquired by ABB

Sensorfact offers sensors and a software platform for factories to monitor machine-level electricity, gas, water, and compressed-air usage, machine condition, OEE, and temperature.

Advanced ManufacturingEnergyIoT

Pieter Broekema(Founder)in

Co-investorsFORWARD.oneKorysBlume Equity

sonnensonnen.dein

sonnen builds home energy systems centered on the sonnenBatterie storage unit, along with EV chargers, electricity tariffs, heat pump integration and an app for managing solar energy production and consumption.

CleantechEnergyHardware

Co-investorseCAPITAL ENTREPRENEURIAL PARTNERSeCapital Entrepreneurial Partners AGGET FundInven CapitalMunich Venture PartnersShell Ventures

Spoorspoor.aiin

Spoor is a biodiversity technology company that uses AI-powered computer vision to monitor bird activity around wind farms, helping developers and operators manage environmental risks during permitting, construction, and operations.

AgTechAI & Machine LearningCleantechEnergy

Co-investorsAntlerEnBW New Ventures GmbHSuperorganism

Tibotibo.energyin

Tibo Energy provides an autonomous energy management system (EMS) that forecasts price, weather, and consumption 48 hours ahead and recalculates a control schedule for a site's energy assets—such as EV chargers, solar panels, batteries, and boilers—every five minutes.

AI & Machine LearningCleantechEnergy

Co-investorsHitachi VenturesKOMPAS VCSpeedinvest

Trunkrstrunkrs.nlin𝕏

Trunkrs operates a logistics platform specializing in fresh and frozen food delivery for e-commerce retailers, emphasizing same-day delivery, reliability, and temperature-controlled transport.

E-commerceFoodTechLogistics & Supply ChainNetherlands, NL

Jan Wijn(Founder)in

Co-investorsKorys

Vilistovilisto.deinJul 2023

vilisto provides digital heating management solutions that optimize energy efficiency in commercial buildings through intelligent thermostats equipped with occupancy sensors and AI-powered software.

CleantechEnergyIoTMunich, DE

Christoph BergerinChristian BraseinLasse Stehnkenin

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Alert MeEnergyworxEpyonEvinoxenergy.CoGreen EagleGreencomLimejumpMicroshadeMinibems

Exits · 3

1 IPOs · 2 acquisitions

General FusionNASDAQ: GFUZGreenCom Networks AGacq. by Enphase EnergySensorfactacq. by ABB

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has SET Ventures made?
SET Ventures has 40 tracked investments, 3 of which have exited, including 2 dated in the last 24 months.
What stage does SET Ventures invest at?
SET Ventures invests at the Seed, Series A, Growth stages.
What is SET Ventures's typical check size?
SET Ventures typically writes checks of $2M – $5M.
What sectors does SET Ventures focus on?
SET Ventures focuses on AI & Machine Learning, Cleantech, Climate Tech, Cybersecurity, Data & Infrastructure, Deep Tech, Energy, Enterprise Software, Impact & Social Good, IoT, Mobility & Transportation, PropTech, Robotics.
Where is SET Ventures located?
SET Ventures is headquartered in Amsterdam, NL.
Does SET Ventures lead rounds?
Yes, SET Ventures leads investment rounds.
Who does SET Ventures co-invest with?
SET Ventures most often shares deals with GET Fund, Munich Venture Partners, Braemar Energy Ventures, among 58 tracked co-investors.

From the blog

visit blog ↗

Media · Podcasts & interviews

featuring the team

Anton Arts, Set Ventures

Invest Europe · Anton Arts

Why invest in Oslo? Julia Padberg, SET Ventures

Oslo Business Region · Julia Padberg

Leaders in Cleantech #134 - Anton Arts SET Ventures

Leaders in Cleantech podcast · Anton Arts

Till Stenzel pitches SET Ventures

Ecosummit · Till Stenzel

Anton Arts pitches SET Ventures

Ecosummit · Anton Arts

Images

SET Ventures photoSET Ventures photoSET Ventures photo

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