News & Events
SET VENTURES PROMOTES LEONIE MEKEL TO DIRECTOR
Amsterdam, 2 August, 2022 – SET Ventures, the Amsterdam-based venture capital firm focused on digital technologies for a carbon-free energy system, announced that Leonie Mekel has been promoted to Director of Finance & Operations. Leonie (38) is responsible for all financial and operational processes at SET and is involved in fundraising and policy outreach. SET is regulated as an alternative asset manager by the Dutch Authority for Financial Markets (AFM). As compliance officer, she ensures adherence to relevant regulatory, tax, and legal obligations and reporting requirements. She is dedicated to contributing to SET’s ambition to create a sustainable and carbon-free energy system. Since joining SET in 2016, Leonie has developed into a seasoned finance and operations expert. Previously, she worked at PwC as a tax advisor, with a specialization in financial markets. With a background in legal and tax and over 10 years of experience in the financial sector she […]
ETPA RAISES €5M BY SET VENTURES AND ABN AMRO
Amsterdam – 12 July – Energy Trading Platform Amsterdam B.V. (ETPA) announced that it has been awarded a license to operate as a pan-European intraday energy exchange. By making energy trading faster and cheaper, ETPA’s intraday trading platform contributes to a flexible energy system that can absorb more energy from renewable sources. With the license, the company can expand its reach and offer services to energy traders across Europe. To support its international growth ambitions, ETPA raised EUR 5 million in growth financing from energy transition expert SET Ventures and sustainable finance leader ABN AMRO Sustainable Impact Fund. NEMO license to enter the European intraday market ETPA provides a short-term trading platform to optimise participants’ electricity production and consumption portfolio and manage congestion in The Netherlands through its connection to GOPACS. ETPA received Nominated Electricity Market Operator (NEMO) status, providing a mandate to run the integrated intraday electricity market across Europe. In line […]
€6.1M FOR FLEXIDAO BY SET, GOOGLE AND MICROSOFT
Barcelona/Amsterdam – 7 July 2022 – FlexiDAO, a leading software provider for 24/7 electricity and carbon tracking, has announced a Series A investment round led by SET Ventures, with investment from Google and the Microsoft Climate Innovation Fund, and existing investor EIT InnoEnergy. FlexiDAO enables companies and governments to operate on round-the-clock carbon-free energy, by certifying and tracing their electricity and its true carbon content, every hour of every day. The investment will drive rapid scaling of the company’s first-of-its-kind software platform worldwide, focused on the US and Europe. Google and Microsoft are not only investing, but are also customers of FlexiDAO, already using the technology to support their targets of 100% 24/7 carbon-free electricity by 2030. More than one-third1 of the world’s largest publicly traded companies now have net zero targets, and there is increasing pressure on companies for transparent reporting of their emissions to drive decarbonisation. For example, the US […]
TRUNKRS RAISES €15M FROM KORYS, VP CAPITAL AND SET
Nieuwegein/Halle, 9 June 2022 – Trunkrs, specialist in Same Day & Next Day delivery for the e-commerce sector, has successfully raised EUR 15 million in a Series B funding round. This funding round was led by Korys, the Belgian investment company of the Colruyt family. Aside from Korys, the other participants were VP Capital, the Family office of the Van Puijenbroek family and the Amsterdam-based SET Ventures, that has invested in Trunkrs previously. IMPROVED Corporate Finance advised and supported Trunkrs in raising the financing. Trunkrs is a leading parcel delivery partner to premium e-commerce parties in the Netherlands. Many webshops, Mediamarkt’s webshop among others, entrust Trunkrs with the fast and reliable delivery of their parcels. The company expanded its activities to Flanders in 2021. The capital raised will enable Trunkrs to maintain and improve its position as market leader in the Benelux. The company will also use the investment to […]
JULIA PADBERG IS PROMOTED TO PARTNER AT SET VENTURES
SET Ventures, the Amsterdam-based venture capital firm focused on digital technology for a carbon-free energy system, announced that Julia Padberg has been promoted to Partner. Julia (35) is returning from maternity leave this month in this new position. She has been with SET for 6 years, spearheading SET investments across Europe in domains such as energy system digitalisation and electrification of mobility. Julia serves as a Non-Executive Director at portfolio companies Flexidao, Trunkrs, and Sensorfact, and as an observer on the board of depsys. She was also an observer at Energyworx, Greencom Networks, and Greenflux (sold to DKV Mobility). Before joining SET, Julia was active in M&A and investment advisory in the cleantech and energy sector, amongst others at merchant bank Kempen & Co. “Julia has been instrumental in strengthening SET’s European network and reputation, as well as expanding the investment portfolio. Her expertise in key sectors of the energy […]
HYDROGRID RAISES INVESTMENT FROM SET AND CNB CAPITAL
As power prices surge across Europe, HYDROGRID, a leading Austrian tech company providing software for optimal real-time planning & dispatch of hydropower plants, has completed an investment round led by SET Ventures with the participation from existing investor CNB Capital. The recent surges in power market prices across Europe once again drive the need for intelligent, renewable power generation and storage to lessen the dependency on fossil fuels. With an installed capacity of 1,330 GW and an annual generation of 4,370 TWh globally, hydropower is the largest source of renewable energy there is, accounting for more than 60% of all renewable generation. Moreover, a unique feature of hydropower (pump) storage plants is that they have the capacity to store and release energy as required by the grid, and in this way can act as a ‘Green Battery’, significantly dampening the reliance on fossil fuel generation. By allowing long-term storage of […]
INSTAGRID RAISES €29M SERIES B
Instagrid, the Ludwigsburg-based off-grid battery expert, raises $33 million in a Series B financing round The technology offers mobile power supply from renewable sources that is entirely disconnected from the power grid Climate tech investor Energy Impact Partners led the financing round This funding will drive the international expansion of the company and the development of new, scalable business models Ludwigsburg, 09.02.2022 – instagrid, a leader in high-performance mobile battery systems in the professional sector, announced today its Series B financing of approximately $33 million (€29 million). The round is being led by Energy Impact Partners (EIP), a U.S.-based venture capital firm investing in businesses building a sustainable future. As a result, instagrid’s total funding rises to more than $45 million (€40 million). Instagrid is using the new funds to drive its international expansion in Europe and the US. In addition, the battery platform will expand to include digital services […]
SENSORFACT RAISED €13M INVESTMENT ROUND FROM SET VENTURES, FORWARD.ONE AND KORYS
Investment companies SET Ventures, FORWARD.one and Korys are investing in the Utrecht-based climate scale-up Sensorfact. Sensorfact helps companies in the manufacturing industry to save up to 15% on energy bills with intelligent energy management and energy-saving advice. In an earlier investment round in 2021, Sensorfact managed to raise 3.7 million euros from, among others, FORWARD.one and Korys, the investment company set up by the Belgian business family Colruyt. Now SET Ventures also joins forces with the Utrecht-based scale-up. SET Ventures is known for its focus on the energy transition. Sensorfact, founded in 2016, developed an Intelligent Energy Management System (IEMS). With this plug-and-play hardware and software, industrial SMEs can easily access and monitor their energy consumption in detail, reduce it with targeted actions and integrate it into increasingly strict energy reports. Sensorfact has more than 600 customers in more than 25 countries in Europe: mainly in the Netherlands, Italy, Belgium […]
EV PIONEER EASELINK RAISES €8.3M ROUND LED BY SET
Easelink, the Austrian high-tech pioneer in the field of automated EV charging has announced an €8.3m Series A funding round led by SET Ventures with participation of EnBW New Ventures, Smartworks, and existing investor Hermann Hauser. Easelink provides a fully automated charging experience and eliminates the need to plug in an electric vehicle by hand. Its Matrix Charging system comprises an underbody vehicle unit and a charge pad installed on the parking space. The technology is compatible with most major electric vehicle platforms and will be rolled out in a retrofit version as well as a factory-installed option for new cars. As the most cost-effective and energy-efficient solution available, this opens up automated charging not only for premium vehicles but also in the volume segment. The funds will be used to keep growing the product team, expand collaborations within the automotive and infrastructure industries and continue the path towards a […]
GENERAL FUSION ACHIEVES CRITICAL TECHNOLOGY MILESTONE
Successful performance of plasma compression prototype confirms path to commercialization 10 January 2022: General Fusion announced today it has successfully achieved several aggressive performance goals of a prototype system for its Fusion Demonstration Plant (FDP). The company’s plasma compression prototype, located at its Vancouver, Canada laboratory, is being used to demonstrate a critical element of its proprietary Magnetized Target Fusion (MTF) technology. This important milestone marks another significant step toward General Fusion’s goal of creating practical and commercially viable fusion power. Commissioned in early 2021, the prototype machine drives a forceful, but precisely shaped, symmetric collapse of a large liquid vortex cavity in tens of milliseconds. The forces involved in the full-scale FDP compression system will be immense, pushing the limits of material science, fluid dynamics, and mechanical design. Achieving this milestone with the prototype significantly reduces engineering and technical risks for General Fusion’s FDP. It will use a collapsing liquid metal […]
TRUNKRS: DELIVERY SERVICES FASTER, GREENER, FRIENDLIER
“The thing about ecommerce is that, even if you live in a small village, the internet offers everything at your fingertips. It’s awesome,” says Jan Wijn, CEO of Trunkrs, a logistics company based in Nieuwegein, the Netherlands, that is out to improve the delivery services that make that accessibility so awesome. “We had two main ideas,” Jan explains. “We wanted to be consumer-centric and we wanted to be sustainable.” From his long experience working in logistics, Jan argues that logistics companies are typically not sensitive enough to the needs of their clients and there’s a lot of customer frustration with inflexible deliveries. Instead, Trunkrs offers a service that is more customer-friendly and flexible: “We designed our IT system ourselves with the end-consumer in mind, making it as convenient as possible. We built it all in such a way that the consumer is in control. For example, you can change delivery […]
