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.
Team · 25 people
from the firm's website & curatedFounder 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 companiesEnergy ×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 companiesFounding 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 pathBy year:2026 · 12024 · 22023 · 32022 · 22021 · 22020 · 12019 · 12018 · 22017 · 115 dated
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
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
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-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
Co-investorsSeed+SpeedÜbermorgen VenturesVireo VenturesZAKA VC
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
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
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
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
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
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
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
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
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
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 & 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
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
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
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
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
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
3D printing prescription lenses
Co-investorsGET FundInnovation IndustriesMunich Venture PartnersPMV
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
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
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
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
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
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
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
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 acquisitionsGeneral FusionNASDAQ: GFUZGreenCom Networks AGacq. by Enphase EnergySensorfactacq. by ABB
Portfolio news
latest coverage across their companies
General Fusion · techcrunch.com · Aug 15, 2026
Galvany · finsmes.com · Jun 8, 2026
Decade · finsmes.com · Apr 24, 2026
Spoor · eu-startups.com · Dec 11, 2025
Eneco · news.eneco.com · Sep 17, 2025
Tibo · eu-startups.com · Jun 30, 2025
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 teamAnton 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
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