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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 building the new digital energy economy. It views the energy transition as a supercycle that is reshaping how people live, work and move, with energy shifting from centralized, hardwired technologies toward digital systems. The firm backs a new class of companies that use digital innovation to improve efficiency and open new markets within this evolving energy landscape.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
Check
$2M – $5M
HQ
Amsterdam, NL
Leads rounds
Leads
Instruments
Equity
Founded
2007
Tracked investments
38

Team · 25 people

from the firm's website
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 26 of 38 portfolio companies

Energy ×20Cleantech ×17AI & Machine Learning ×6Hardware ×6IoT ×6SaaS ×6Enterprise Software ×3Mobility & Transportation ×3

HQs:Germany×8Netherlands×5Austria×1Canada×1France×1United Kingdom×1

Investments · 38 tracked

founders shown can be your intro path
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)Nathan Gilliland(Executive Officer, Director)Susan Koch(Executive Officer)Greg Twinney(Executive Officer, Director)Megan Wilson(Chief Strategy Officer)Norman Harrison(Director)

Co-investorsBraemar Energy VenturesChrysalixEvolution VC PartnersHelium-3 VenturesJIMCONew Ground Ventures+4 more

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Decade Energy
Depsysdepsys.com

Co-investorsVNT Management

E Mobilioe-mobilio.comin

E-mobilio provides an integrated platform for electric vehicle adoption across fleet management, car dealerships, and OEM operations.

Enterprise SoftwareMobility & TransportationSaaS

Easelink

Developer of Matrix Charging, an automated conductive charging standard for electric vehicles.

Co-investorsEnBW New Ventures GmbHVERBUND X Ventures

Elmodiselmodis.comin𝕏

Elmodis is an Industrial Internet of Things company that builds an end-to-end hardware and software solution using AI and machine learning to remotely monitor rotating electric-powered industrial machines in real time.

Advanced ManufacturingAI & Machine LearningIoT

Energyworx

Co-investorshenQ vc

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 Industries

Enriseenrise.frin

Enrise helps property owners and asset managers transform unused spaces like parking lots and rooftops into on-site solar energy production for self-consumption, reducing energy costs and carbon footprint while ensuring regulatory compliance.

CleantechEnergyPropTech

Co-investorsAFI VenturesRing Capital

Epyon
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)Christoph Gardlo(Co-founder)

Etpaetpa.nlin

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

CleantechClimate TechEnergyFintech

Co-investors4impact capital

Evinoxevinox.co.ukin𝕏

Evinox designs, manufactures, installs and maintains smart heat network hardware such as Heat Interface Units, Cooling Interface Units and prefabricated utility cupboards, along with its SmartTalk energy-management platform for real-time monitoring and control.

CleantechEnergyHardware

Evinoxenergy.Coevinoxenergy.co.uk
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.comin

Frequenz provides a platform and edge AI controllers to configure, operate, and orchestrate microgrids and distributed energy resources, including real-time monitoring, forecasting, and automated trading across energy markets.

AI & Machine LearningEnergyIoT

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(Founder)inRobin Behlau(Founder)inDr. Friso Zimmermann(Founder)inCleantech Energy PropTech Lina Adrian(Founder)Friso Zimmermann(Co-Founder)Matthias Kube(Co-Founder)

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

Green Eagle
Greencom
Greeneaglesolutionsgreeneaglesolutions.com

Green Eagle Solutions builds ARSOS, a cloud-based automation and SCADA platform for renewable energy operators that monitors assets, applies rule-based logic, and autonomously executes commands such as curtailments, fault resets, and setpoint dispatch across a fleet.

CleantechEnergySaaS

Co-investorsKibo Ventures

GreenFluxgreenflux.comin

GreenFlux provides an eMobility software platform for managing EV charging operations at scale, including charge point management, smart energy management, and billing and payments.

EnergyMobility & TransportationSaaS

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.coJan 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)

Co-investorsblueworld.groupEnergy Impact PartnersTeachers' Venture Growth

Limejump
Luxexcelluxexcel.com

3D printing prescription lenses

Co-investorsGET FundInnovation IndustriesMunich Venture Partners

Mehr erfahreneaselink.comin

Easelink develops Matrix Charging, an automated conductive charging system for electric vehicles that connects cars to the grid via a floor pad when parked over it, removing the need for cables.

CleantechHardwareMobility & Transportation

Co-investorsHermann Hauser InvestmentVERBUND X Ventures

Metergridmetergrid.dein

metergrid provides software and end-to-end services for "Mieterstrom" (tenant electricity) projects, letting property owners sell rooftop solar power directly to tenants in multi-family buildings.

CleantechEnergyPropTech

Co-investorsLBBW Venture Capital GmbH468 CapitalMätch VC

Microshade
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.nlinacquired 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

Co-investorsFORWARD.oneKorys

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 Partners

Spoorspoor.aiin

Spoor AI provides continuous AI-powered monitoring of bird and bat activity at wind farms using buoy-mounted camera systems and computer vision to detect and classify wildlife.

AI & Machine LearningCleantechEnergy

Co-investorsEnBW 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

Co-investorsKorys

Vilistovilisto.dein

Vilisto provides digital heat management systems for non-residential buildings that automatically optimize heating based on actual usage patterns, enabling savings of up to 32% in heating costs and CO2 emissions.

CleantechEnergyIoTMunich, DE

Exits · 2

IPOs and acquisitions across the tracked portfolio

General FusionNASDAQ: GFUZSensorfactacq. by ABB

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has SET Ventures made?
SET Ventures has 29 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does SET Ventures invest at?
SET Ventures invests at the Seed, Series A, Series B, 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, 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 Braemar Energy Ventures, EnBW New Ventures GmbH, GET Fund, among 32 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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