SET Ventures is a venture capital firm based in the Netherlands. It has closed its fourth funding round, generating 200 million euros to support companies creating technological innovations for the clean energy sector. This new fund which is as twice as large as the previous one, is mainly meant to help European entrepreneurs looking to use innovative technologies in order to accelerate the use of renewable energy sources on a large scale.
Putting Money Into Digital-First Products
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SET Ventures is renowned for its dedication to environmentally friendly energy technologies and was established in 2007. With its most recent fund, the firm is focusing on businesses that use digital tools to get around obstacles related to the energy revolution. Managing Partner Anton Arts notes that Series A startups—where first investments will range from €2 to €5 million—remain the centre of their attention.
SET’s investment in Vilisto, a German heat management business that earned €5 million in a Series A round, is one recent illustration of the company’s interest in digitalization. Arts emphasizes that software-driven automation is crucial for the energy transition’s success, particularly in areas such as grid management and renewable energy storage, even though hardware is still important.
Boosting Clean Energy Startup Growth
The fourth fund’s strategy from SET Ventures is a reflection of their conviction that digital technologies are essential to building an energy system free of carbon emissions. The company is still dedicated to solving systemic issues including demand imbalances, grid congestion, and storage by funding software-based solution entrepreneurs. Arts claim that these technologies are essential for breaking into mainstream markets and facilitating the more effective and seamless use of renewable energy.
An Extended Dedication to Sustainable Energy
SET Ventures, having been in the industry for more than 15 years, is known for its ability to recognize technologies that are durable. The company has previously invested in profitable firms that have made a substantial impact on lowering CO2 emissions, such as Instagrid, Sensorfact, and Sonnen.
SET’s influence on the future of Europe’s energy system is further cemented by the attraction of investors like the European Investment Fund (EIF) as well as the Triodos Energy Transition Europe Fund to this fourth fund.
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