We are an investor with a strong focus on propelling early growth. Typically, that would be a Series A round, but since not everyone has the same definition, we allow ourselves some flexibility towards late seed or a company that has already progressed further along that trajectory. We like to call that Series A (+/-).

We usually invest €2 to 5 million in rounds that range from €3 to 10 million. We reserve substantial follow-on capital to follow the winners and can deploy up to €15 million in a single portfolio company.

We like to lead or co-lead investment rounds. We can bring together a syndicate of like-minded investors or work together with relevant parties that you have identified. We like to be represented on a board and ensure the balance between investors and founders through an independent chairperson with strong industry expertise.

Energy is everywhere: the energy transition breaks down barriers and cuts across all sectors. We invest in digital energy technologies that make the emerging digital energy economy more hyperlocal, automated and resilient. Check out this page to find out more.

We invest across all of Europe, with a concentration in the West (Benelux, UK, DACH) as the regions where we have seen the most digital energy innovations.

We guide pioneers on their journey with our expertise and unparalleled network. We can help you tap into first-class support in areas like business development, hiring and operational expertise.

Regardless of the paperwork, we are committed to respecting the confidentiality of the information you share with us. If you insist on executing a Non-Disclosure Agreement, we are willing to do so after we have established there is a realistic chance of us working together. That means you will have to share enough to get us excited!

To avoid undue legal reviews, we will only sign the SET standard NDA which is based on terms commonly accepted in the industry.

Our mission is to galvanise the digital energy economy by propelling a startup’s early growth into international expansion. We aim to generate outsized financial and impact returns for our investors and the planet. SET has committed to transparent impact reporting to make this measurable, and our latest fund is SFDR Article 9.

Furthermore, the team at SET Ventures has agreed to link its compensation to the achievement of impact outcomes, in close partnership with the European Investment Fund.

That’s an unavoidable part of our job. We invest in less than 1% of the teams that we talk to. We have a narrow investment focus that allows us to be experts in what we do, but it means we pass on many interesting companies that fall outside of it. Plus, we also may be wrong. When we decline to participate, we try to give you as much insight into our thinking as we can. If you liked talking to us, please keep us updated on your progress.