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
General Fusion Appoints Greg Twinney as Chief Financial Officer
VANCOUVER, Canada (18 February 2020): General Fusion announced today the appointment of Greg Twinney as Chief Financial Officer (CFO). Mr. Twinney brings to his new role with General Fusion more than 20 years of global experience in financing growth and success in the...
Battery pioneer instagrid raises €8.5m in Series A round led by SET Ventures
DELIVERING CLEAN PORTABLE ELECTRIC POWER FOR PROFESSIONALS WORLDWIDE AMSTERDAM, THE NETHERLANDS – February 4, 2020 – instagrid, the portable power company, today announced €8.5 million in Series A funding, led by SET Ventures with participation from...
GreenCom Networks captures place in 2020 Global Cleantech 100
GreenCom Networks of Munich, Germany, named a 2020 Global Cleantech 100 Company today.11th edition of list recognises 100 companies world-wide “poised to solve some of our biggest challenges over the next five to ten years.”Cleantech award follows Navigant...
Energy Transition Technology Investor SET Ventures Raises Fund of €100 Million
INVESTING IN EUROPEAN TECHNOLOGY COMPANIES THAT ENABLE A RENEWABLE, ELECTRIFIED AND DIGITAL ENERGY SYSTEM AMSTERDAM, THE NETHERLANDS – January 9, 2020 – SET Ventures, the energy transition venture capital firm, successfully completed its fundraising for...
General Fusion enters strategic partnership with Hatch
Global engineering firm invests in General Fusion and prototype programVANCOUVER, Canada (9 January 2020): General Fusion announced today that it has entered into an industrial partnership with Hatch Ltd. (Hatch) to bring power plant engineering and other...
General Fusion Closes $65M of Series E Financing
FUNDING ENABLES THE COMPANY'S FUSION DEMONSTRATION PLANT VANCOUVER, CANADA - 16 December, 2019 - General Fusion announced that it has successfully closed USD$65 million of Series E equity financing. The financing was led by Temasek, a global...
Energyworx Announces €1 Million Series A Extension Funding From EDP Ventures
SAAS-BASED INTELLIGENT METER DATA MANAGEMENT PLATFORM SUPPORTS UTILITY COMPANIES WITH THE ENERGY TRANSITION; INVESTMENT FROM EDP VENTURES WILL BE USED TO SCALE AND ACCELERATE INTERNATIONAL GROWTH LISBON, PORTUGAL and HOUTEN, THE NETHERLANDS – November 12, 2019...
SET Ventures invests in UK-based Minibems together with Ascension Ventures
THIS MAJOR CAPITAL INJECTION PREPARES MINIBEMS FOR FAST GROWTH IN THE HEATING NETWORK MARKET IN THE UK AND EUROPE AMSTERDAM, THE NETHERLANDS – September 17, 2019 – With heating and cooling consuming half of Europe’s energy, the heat sector is...
FlexiDAO secures funding from SET Ventures and relocates to Amsterdam
THE ENERGY AND BLOCKCHAIN STARTUP RAISES A SEVEN-DIGIT SEED ROUND AND OPENS ITS HQ IN AMSTERDAM AMSTERDAM, THE NETHERLANDS – September 10, 2019 – FlexiDAO successfully secured a seven-digit seed round led by their new investor SET Ventures. Existing investor...
Dr Felix Grolman becomes CCO of GreenCom Networks: “We will build a true peer-to-peer energy community.”
Felix Grolman, the former CEO of shine and Grundgrün, has been appointed as Chief Commercial Officer at GreenCom Networks. Grolman’s tasks will include the success of GreenCom’s energy community project started under the recently acquired brand “shine.” Following the...
SET Ventures is the winner of Cleantech Group’s ‘European Investor of the Year 2019’ award
CLEANTECH GROUP’S ANNUAL AWARD RECOGNISES SET VENTURES AS THE STANDOUT IN FUNDRAISING, REALISING POSITIVE RETURNS FOR LPS VIA EXITS, AND PORTFOLIO MANAGEMENT STOCKHOLM, SWEDEN – May 22, 2019 – During the 15th annual Cleantech Forum Europe event, held in...
Innogy Innovation Hub invests in GreenCom Networks
GreenCom Networks, the Munich-based leader in home energy management solutions, has announced that innogy Innovation Hub, the Venture Capital Arm of innogy SE, a leading German energy company, has become an investor. innogy SE supplies energy to around 22 million customers across Europe. The investment follows a capital increase some month ago when GreenCom onboarded Centrica, the leading British utility as an investor. The investment from innogy Innovation Hub is for an undisclosed amount.