European Smart Energy
Venture Capital
Sustainability Electrification Digitalisation
Consumers and businesses are increasingly aware and focused on reducing in their environmental impact with a move to sustainability Moving away from fossil fuels towards renewable forms of energy will result in the mass electrification of many sectors Changes to our current energy system are enabled by digital technologies and fuelled by new business models
Smart Energy System Solutions
Our Investment Priority is on Smart Energy System Solutions: business cases involving intelligent software and/or services, combined with hardware components, impacting the future energy system We classify these investment opportunities as Smart Energy System Solutions This integration between Generation, Use, Storage and Transmission is being facilitated by the digitalisation of the energy industry
The energy system is transitioning from a traditional system consisting of
- a series of large controllable power plants
- simple (dumb) energy users
- an over engineered distribution network
To a hybrid energy system with
- millions of smaller generators
- flexible, controllable energy use
- a constrained energy network
Sustainability Digitalisation Electrification
The increased digitalisation and electrification in many sectors is creating opportunities for those not previously perceived as active participants in the energy system These changes create new business models and investment opportunities in:
- Transport and Mobility
- Built environment
- Industrial energy management
- Distributed energy
- Prosumerisim – community movements
- Artificial intelligence and machine learning
Existing utilities and disruptors from other sectors looking for innovative offerings create great investment and exit possibilities
Sustainable Development Goals
The drive towards sustainability has been embraced worldwide, with the UN setting the global agenda with their Sustainable Development Goals (SDG)
SET and the SDG
SET Ventures, with its focus on the global energy system transition, by its nature drives towards impacting the SDG goals 7 and 9 – creating a new energy system allowing renewable energy integration and energy efficiency plus enabling a flexible resilient energy infrastructure through innovation and sustainable industrialisation
Impact
Next to financial performance targets we define impact targets for each of our investments. This way we signal that financial return and environmental impact are equally important and both measurable. At SET Ventures we engage in this matter because we believe in the need to change the way we create value for the generations to come.
Tonnes of CO2 Directly Avoided
Tonnes of CO2 Indirectly Avoided
MWh of Green Energy Delivered
Green Jobs Created
At SET Ventures we ultimately invest in People “We support founders and CEOs who can create the energy companies of tomorrow”
Marcel Smit CEO Energyworx
The SET Ventures team makes a big difference for us in multiple ways.They really understand the industry and share contacts and relevant insight. They're very pro-active. No matter how busy they are, they'll always make time to meet when we have topics to discuss. For us, SET is more than 'just a VC'; they're a real partner.
Christoph Ostermann CEO Sonnen
SET Ventures was a highly supportive and value adding partner for sonnen’s growth. Especially their always constructive attitude in both criticism and advise was much appreciated.
Michael De Vivo CEO Depsys
I am very proud that SET Ventures has joined the DEPsys family. What a scale-up company needs from its investors is passion, growth culture and human support. SET Ventures is one of those rare investors who brings a strong expertise while placing the team at the centre of their project.
Our Portfolio Companies are Changing the Energy System
We invest in teams that see how to improve the energy system. Our portfolio is full of visionaries and pioneers.
Meet Our Team
We’re here to help LPs gain market access and insight into the energy system transition. Get to know us.
News
Shopify founder supports General Fusion through Thistledown Capital
VANCOUVER, Canada (22 July 2020): Today, General Fusion announces the close of financing from new investor, Thistledown Capital, a firm established by Shopify founder Tobias Lütke and his wife, Fiona McKean. The investment will support the development of the company’s...
Energyworx Announces Maher Chebbo As Chairman Of Customer Advisory Board
HOUTEN, THE NETHERLANDS – January 11, 2021 – Energyworx, a market leader in cloud-based Energy Meter Data Management solutions, today announced the appointment of industry veteran Maher Chebbo as Chairman of the Energyworx Customer Advisory Board as a Thought...
SET Ventures portfolio company GreenCom announces €12 million equity funding round led by Shell Ventures
Shell Ventures and Energy & Environment Investment join existing investors (including Centrica and E.ON) to further GreenCom’s mission to become the leading residential energy IoT platform. GreenCom is already connecting many Home Energy Management devices for...
SET Ventures invests in sustainable delivery service Trunkrs
AMSTERDAM & UTRECHT, THE NETHERLANDS – October 27, 2020 – Trunkrs, specialist in Same Day and Next Day delivery, successfully secured € 2.2 million in a new round of funding, led by SET Ventures and with participation from Ponooc. This investment enables the...
SET Awards: instagrid wins the Start Up Energy Transition Award 2020 with its vision of clean, portable electricity
SET AWARDS: INSTAGRID WINS THE START UP ENERGY TRANSITUIB AWARD 2020 WITH ITS VISION OF CLEAN, PORTABLE ELECTRICITY LUDWIGSBURG, GERMANY – October 23, 2020 – Yesterday, on the World Energy Day, instagrid won the Start Up Energy Transition Award 2020 in...
General Fusion broadens global government support with U.S. Department of Energy award
General Fusion has been awarded a funding partnership with the U.S. Department of Energy’s (DOE) Office of Fusion Energy Science’s new Innovation Network for Fusion Energy (INFUSE) program, recognizing General Fusion as a global leader on the path to commercializing practical fusion.
Minibems raises new round of funding, led by SET Ventures and supported by Ascension Ventures and The Future Fund
THE NEW ROUND WILL ENABLE MINIBEMS TO CONTINUE ITS GROWTH IN THE HEAT NETWORK MARKET IN THE UK AND EUROPE AMSTERDAM, THE NETHERLANDS – September 3, 2020 – The UK heat network control company Minibems has attracted a new round of funding from its current...
Veteran Director Appointed Chairman of General Fusion
VANCOUVER, CANADA – August 13, 2020 – Today, General Fusion announced the appointment of Klaas de Boer as Chairman of its Board of Directors. This appointment coincides with the arrival of new institutional investors backing the Company’s program to commercialize...
General Fusion Brings in More Large Global Investors
Additional capital accelerating completion of Fusion Demonstration Plant VANCOUVER, Canada (22 July 2020): General Fusion announced today that it has closed additional financing in support of its Fusion Demonstration Plant (FDP) program. Highlighting this new...
ENGIE invests in Energy Data Management leader Energyworx
ENGIE, through its venture capital arm ENGIE New Ventures, announces its strategic investment in Energyworx, the worldwide market leader in cloud-based in Energy Data Management solutions. PARIS, FRANCE – July 16, 2020 – Based in the United States and the Netherlands,...
GreenFlux announces divestiture of its Dutch CPO and eMSP division to Joulz
AMSTERDAM, THE NETHERLANDS – April 1, 2020 – GreenFlux, a leading provider of EV charging platforms and smart charging technology, today announced the signing of a definitive agreement to sell its Dutch Charge Point Operator and E-Mobility Service Provider division to...
Fusion startups step in to realize decades-old clean power dream
Governments have spent billions of dollars studying the emissions-free energy source. Now, private ventures are building smaller, faster, cheaper reactors. “This is kind of the SpaceX moment for fusion,” says Christofer Mowry, chief executive of General Fusion, a...