SET Ventures

SET Ventures is a venture capital firm based in Amsterdam, founded in 2007, that specializes in growth capital investments in early-stage and mid-stage technology companies within the energy and renewable sectors across Europe. The firm targets innovative solutions in energy generation, distribution, storage, and efficiency, emphasizing smart energy solutions that integrate intelligent software with hardware components. SET Ventures prioritizes investments in clean technology, focusing on economically viable renewable energy sources such as solar, wind, and bioenergy, as well as advanced storage technologies and energy-efficient applications. Through its SET Fund III, the firm provides early growth-stage capital to ventures that contribute to the transition of the energy system, investing amounts ranging from €0.5 million to €6 million per company. SET Ventures aims to support businesses that are transforming the energy landscape and enhancing sustainability.

Anton Arts

Managing Partner

Wouter Jonk

Co-Founder and Managing Partner

Leonie Mekel

CFO

Emily Mellor

Investor

Julia Padberg

Partner

Rene Savelsberg

Co-Founder and Partner

Ellen Smeele

Associate

Till Stenzel

Partner

40 past transactions

FlexiDAO

Series A in 2022
FlexiDAO specializes in developing software for the energy sector. It offers utilities white-label blockchain applications on top of a middleware platform that can access any blockchain infrastructure in an enterprise-grade, secure way. The company is driven by a mission to effectively coordinate millions of distributed energy resources into the grid. FlexiDAO is supported by SET Ventures, accelerators KIC InnoEnergy, and Rockstart and is an affiliate member of the Energy Web Foundation. FlexiDAO was founded in 2017 and is headquartered in Barcelona, Spain.

Trunkrs

Series B in 2022
Trunkrs is offers same-day delivery to webshops, is investing in the electrification of the distribution and distribution centers.

Hydrogrid

Venture Round in 2022
HYDROGRID GmbH, founded in 2016 and based in Vienna, Austria, specializes in developing software solutions for hydro power control and dispatch. The company offers a B2B SaaS platform that enables hydroelectric power plant owners to optimize production planning and align their output with market demand and weather conditions. This intelligent management system significantly increases revenue and renewable energy production while simplifying complex processes such as power trading, grid management, and water management. By doing so, HYDROGRID helps businesses reduce their daily operational workload, enhancing overall efficiency in the hydropower sector.

instagrid

Series B in 2022
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in the manufacture of portable battery storage solutions. The company develops software-defined battery systems designed to provide advanced portable power supplies. Its products cater to various sectors, including construction, event technology, professional landscaping, garden and tree care, and public services, addressing the need for reliable and efficient power sources in diverse applications.

SensorFact

Venture Round in 2022
SensorFact B.V., founded in 2016 and based in Utrecht, the Netherlands, specializes in intelligent energy management systems for small and medium-sized enterprises in the manufacturing sector. The company provides low-cost, non-intrusive wireless sensors that measure real-time energy consumption, enabling businesses to monitor energy flows and identify savings opportunities. By translating sustainability into practical actions, SensorFact simplifies the complex concepts of energy management and sustainability for its clients. Its integrated system not only collects and analyzes data but also offers clear reporting, empowering industries to reduce their energy waste and overall footprint while lowering energy costs.

Ease-Link GmbH

Series A in 2022
Easelink is developing and industrializing a highly efficient and powerful connection system to automate and accelerate electric vehicles'​ charging process and to kill users'​ pain of constantly plugging- in and out. The company industrializes MATRIX CHARGING®, the first automated conductive charging technology that has no moving parts outside of the vehicle. It‘s stationary and it‘s scalable. MATRIX CHARGING® has been developed to foster smart living through outstanding charging technology

Energyworx

Venture Round in 2021
Energyworx B.V. is a software company specializing in a Software-as-a-Service platform for energy data management and intelligence solutions. Founded in 2012 and headquartered in Houten, the Netherlands, with an additional office in Houston, Texas, Energyworx assists utility companies in navigating and monetizing the energy transition. The platform provides comprehensive features such as grid optimization, consumer engagement, energy management, and device control. It also facilitates energy efficiency, energy trading, and meter data management. By analyzing and correlating data from various sources, Energyworx enables organizations to make informed decisions based on real-time insights, ultimately driving efficiency and growth in the energy and utilities sector.

Green Eagle Solutions

Series A in 2021
Green Eagle Solutions specializes in providing SCADA (Supervisory Control and Data Acquisition) solutions for wind farms and solar plants, emphasizing the critical role of SCADA systems in managing energy production and distribution. The company operates a renewable assets monitoring platform that enhances efficiency and simplifies the management of renewable energy facilities. By offering a multi-technology and multi-brand system, Green Eagle Solutions enables clients to monitor, analyze, and control their energy assets—such as wind farms, solar plants, and electrical substations—through a unified interface. This approach helps clients improve asset availability and extend the operational lifespan of their renewable energy infrastructure.

MicoShade

Series H in 2020
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

Trunkrs

Funding Round in 2020
Trunkrs is offers same-day delivery to webshops, is investing in the electrification of the distribution and distribution centers.

Energyworx

Venture Round in 2020
Energyworx B.V. is a software company specializing in a Software-as-a-Service platform for energy data management and intelligence solutions. Founded in 2012 and headquartered in Houten, the Netherlands, with an additional office in Houston, Texas, Energyworx assists utility companies in navigating and monetizing the energy transition. The platform provides comprehensive features such as grid optimization, consumer engagement, energy management, and device control. It also facilitates energy efficiency, energy trading, and meter data management. By analyzing and correlating data from various sources, Energyworx enables organizations to make informed decisions based on real-time insights, ultimately driving efficiency and growth in the energy and utilities sector.

instagrid

Series A in 2020
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in the manufacture of portable battery storage solutions. The company develops software-defined battery systems designed to provide advanced portable power supplies. Its products cater to various sectors, including construction, event technology, professional landscaping, garden and tree care, and public services, addressing the need for reliable and efficient power sources in diverse applications.

General Fusion

Series E in 2019
General Fusion Inc. is focused on developing commercial Magnetized Target Fusion (MTF), a hybrid approach that combines elements of magnetic fusion and inertial confinement fusion to create clean and abundant energy. Founded in 2002 and headquartered in Burnaby, Canada, the company aims to demonstrate and commercialize its innovative fusion technology by the end of the decade. General Fusion's approach leverages recent advancements in MTF, which has been underexplored since the 1970s, positioning it as a practical solution for near-term fusion energy. The company is developing utility-scale fusion power systems and various subsystems, including plasma injectors and acoustic drivers, to support its vision. With backing from a global network of energy venture capital funds and industry leaders, General Fusion seeks to reduce technical risks and accelerate the path toward viable fusion energy solutions.

Minibems

Venture Round in 2019
Minibems specializes in advanced demand management for complex heating systems, focusing on enhancing efficiency and reducing fuel costs through intelligent control and monitoring technology. The company offers a smart heating solution that manages heat networks, facilitating performance improvements and aiding in the decarbonization of the heat network market. By utilizing real-time online monitoring and control features, Minibems' technology enables significant energy efficiency gains, which lead to lower energy bills and minimized unplanned maintenance costs for customers.

FlexiDAO

Seed Round in 2019
FlexiDAO specializes in developing software for the energy sector. It offers utilities white-label blockchain applications on top of a middleware platform that can access any blockchain infrastructure in an enterprise-grade, secure way. The company is driven by a mission to effectively coordinate millions of distributed energy resources into the grid. FlexiDAO is supported by SET Ventures, accelerators KIC InnoEnergy, and Rockstart and is an affiliate member of the Energy Web Foundation. FlexiDAO was founded in 2017 and is headquartered in Barcelona, Spain.

MicoShade

Series G in 2019
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

GreenCom Networks

Series C in 2019
GreenCom Networks AG operates an online energy information brokerage platform (eibp) that enables new energy business models for utilities, ESCOs, and OEMs. It offers eibp connect that connects and controls distributed energy assets; eibp boost that visualizes and optimizes energy flows; eibp mesh, which connects customers to energy communities; eibp empower that develops energy tarrifs; and eibp cluster that leverages the power of distributed assets. GreenCom Networks AG as founded in 2011 and is based in Munich, Germany.

DEPsys

Series B in 2019
DEPsys SA is a Swiss technology company based in Puidoux, Switzerland, established in 2012. It specializes in developing and marketing power grid monitoring systems that manage and control voltage in low-voltage electricity networks. The company's solutions address the challenges posed by decentralized production from renewable energy sources, such as photovoltaic systems and wind turbines, as well as emerging energy storage technologies. By providing innovative and adaptable tools, DEPsys aims to enhance the efficiency and stability of power grids, facilitating the integration of renewable energy into traditional electricity infrastructures.

GreenFlux

Series B in 2018
GreenFlux B.V., based in Amsterdam, Netherlands, specializes in providing charging points and services for electric vehicles. With over five years of experience, the company aims to enhance the convenience and accessibility of electric driving for users across more than ten countries, including Germany, the United Kingdom, Norway, and the United States. GreenFlux has developed a cloud-based smart charging platform and smart charging controllers designed to offer scalable solutions that optimize efficiency and reduce costs while maintaining high service standards.

MicoShade

Series F in 2018
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

Limejump

Series A in 2017
Limejump Limited is an energy technology company based in London, United Kingdom, that specializes in developing and operating a Virtual Power Plant (VPP) platform. Founded in 2012, Limejump provides optimized access to the energy market for customers with electricity generating or consuming assets. The VPP platform integrates various components, including cloud-based software and analytical tools, to connect with assets, analyze performance, and optimize operations. Limejump's offerings include participation in the Balancing Mechanism, which aids the National Grid in managing electricity supply and demand, as well as Power Purchase Agreements (PPAs) that enhance the value of electricity generation. The company also offers frequency response products, enabling generators and energy users to maximize their operational efficiency. As of early 2019, Limejump operates as a subsidiary of The Shell Petroleum Company Limited, focusing on empowering businesses and generators to engage actively in the energy market while promoting a sustainable energy future.

GreenCom Networks

Series B in 2017
GreenCom Networks AG operates an online energy information brokerage platform (eibp) that enables new energy business models for utilities, ESCOs, and OEMs. It offers eibp connect that connects and controls distributed energy assets; eibp boost that visualizes and optimizes energy flows; eibp mesh, which connects customers to energy communities; eibp empower that develops energy tarrifs; and eibp cluster that leverages the power of distributed assets. GreenCom Networks AG as founded in 2011 and is based in Munich, Germany.

Luxexcel

Series C in 2017
Luxexcel Group B.V., founded in 2009 and based in Eindhoven, the Netherlands, specializes in 3D printing technology for ophthalmic lenses. It is the only company in the world capable of 3D printing lenses, allowing for the production of custom quality prescription lenses. Luxexcel offers a range of services including optics design, optical prototyping, and both small series and large-scale manufacturing. The company produces various types of lenses, including aspheric designs, specialty lenses, and custom configurations. By owning the complete ecosystem of hardware, software, processes, and materials necessary for 3D printing optics, Luxexcel enables its customers—ranging from small businesses to large OEM partners—to benefit from high-quality, cost-effective optical solutions.

MicoShade

Series E in 2017
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

Elmodis

Funding Round in 2017
We improve energy and operating efficiency of electric-powered industrial machines by offering an end-to-end hardware/ software solution that enables manufacturers and end-users to remotely monitor performance of their machines in real time.Elmodis was founded by an experienced team of engineers that had worked for more than 15 years for European industrial customers in the areas of machine monitoring and diagnostics, predictive maintenance and energy efficiency. During the course of that work the team developed a novel way of machine monitoring based only on measuring current and voltage from electric engines powering those machines.

Energyworx

Seed Round in 2016
Energyworx B.V. is a software company specializing in a Software-as-a-Service platform for energy data management and intelligence solutions. Founded in 2012 and headquartered in Houten, the Netherlands, with an additional office in Houston, Texas, Energyworx assists utility companies in navigating and monetizing the energy transition. The platform provides comprehensive features such as grid optimization, consumer engagement, energy management, and device control. It also facilitates energy efficiency, energy trading, and meter data management. By analyzing and correlating data from various sources, Energyworx enables organizations to make informed decisions based on real-time insights, ultimately driving efficiency and growth in the energy and utilities sector.

Sonnen

Series D in 2016
Sonnen offers solutions which are much more than only storage and includes many additional benefits like active energy management, smart metering and virtual power plant integration. Different system sizes are offered, optimally customized to the requirements of residential homes, agricultural farms and commercial firms. Sonnenbatterie was introduced to the German and Austrian markets in January 2011 as one of the first proven and transportable intelligent lithium storage systems.

MicoShade

Venture Round in 2016
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

Luxexcel

Series B in 2015
Luxexcel Group B.V., founded in 2009 and based in Eindhoven, the Netherlands, specializes in 3D printing technology for ophthalmic lenses. It is the only company in the world capable of 3D printing lenses, allowing for the production of custom quality prescription lenses. Luxexcel offers a range of services including optics design, optical prototyping, and both small series and large-scale manufacturing. The company produces various types of lenses, including aspheric designs, specialty lenses, and custom configurations. By owning the complete ecosystem of hardware, software, processes, and materials necessary for 3D printing optics, Luxexcel enables its customers—ranging from small businesses to large OEM partners—to benefit from high-quality, cost-effective optical solutions.

General Fusion

Venture Round in 2015
General Fusion Inc. is focused on developing commercial Magnetized Target Fusion (MTF), a hybrid approach that combines elements of magnetic fusion and inertial confinement fusion to create clean and abundant energy. Founded in 2002 and headquartered in Burnaby, Canada, the company aims to demonstrate and commercialize its innovative fusion technology by the end of the decade. General Fusion's approach leverages recent advancements in MTF, which has been underexplored since the 1970s, positioning it as a practical solution for near-term fusion energy. The company is developing utility-scale fusion power systems and various subsystems, including plasma injectors and acoustic drivers, to support its vision. With backing from a global network of energy venture capital funds and industry leaders, General Fusion seeks to reduce technical risks and accelerate the path toward viable fusion energy solutions.

Sonnen

Series B in 2014
Sonnen offers solutions which are much more than only storage and includes many additional benefits like active energy management, smart metering and virtual power plant integration. Different system sizes are offered, optimally customized to the requirements of residential homes, agricultural farms and commercial firms. Sonnenbatterie was introduced to the German and Austrian markets in January 2011 as one of the first proven and transportable intelligent lithium storage systems.

MicoShade

Series D in 2014
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

Luxexcel

Series A in 2013
Luxexcel Group B.V., founded in 2009 and based in Eindhoven, the Netherlands, specializes in 3D printing technology for ophthalmic lenses. It is the only company in the world capable of 3D printing lenses, allowing for the production of custom quality prescription lenses. Luxexcel offers a range of services including optics design, optical prototyping, and both small series and large-scale manufacturing. The company produces various types of lenses, including aspheric designs, specialty lenses, and custom configurations. By owning the complete ecosystem of hardware, software, processes, and materials necessary for 3D printing optics, Luxexcel enables its customers—ranging from small businesses to large OEM partners—to benefit from high-quality, cost-effective optical solutions.

Sefaira

Series D in 2013
Sefaira is a leading provider of software designed for high-performance building design, focusing on energy efficiency and sustainability. The company revolutionized the industry by introducing real-time design performance analysis, which enables architects and engineers to assess and compare multiple design strategies swiftly and cost-effectively. Sefaira's tools allow users to quantify and optimize various metrics, including energy use, daylighting, and carbon impact, while providing continuous feedback throughout the design process. Its web applications facilitate both comparative and parametric analysis, leveraging cloud computing to perform multiple evaluations simultaneously without sacrificing speed. Sefaira Architecture aids in understanding design performance and identifying potential improvements, while Sefaira Systems offers precise HVAC sizing and energy results directly from architectural models. With a portfolio of prestigious awards, including the Architizer A+ Award and recognition in the Global Cleantech 100, Sefaira maintains offices in London and New York, further establishing its role as a key player in the pursuit of sustainable building design.

MicoShade

Series C in 2012
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

Sefaira

Series A in 2012
Sefaira is a leading provider of software designed for high-performance building design, focusing on energy efficiency and sustainability. The company revolutionized the industry by introducing real-time design performance analysis, which enables architects and engineers to assess and compare multiple design strategies swiftly and cost-effectively. Sefaira's tools allow users to quantify and optimize various metrics, including energy use, daylighting, and carbon impact, while providing continuous feedback throughout the design process. Its web applications facilitate both comparative and parametric analysis, leveraging cloud computing to perform multiple evaluations simultaneously without sacrificing speed. Sefaira Architecture aids in understanding design performance and identifying potential improvements, while Sefaira Systems offers precise HVAC sizing and energy results directly from architectural models. With a portfolio of prestigious awards, including the Architizer A+ Award and recognition in the Global Cleantech 100, Sefaira maintains offices in London and New York, further establishing its role as a key player in the pursuit of sustainable building design.

NGenTec

Venture Round in 2010
NGenTec is a spinout company from the University of Edinburgh's School of Engineering, where the technology was pioneered by the firm's founders, Dr Markus Mueller and Dr Alasdair McDonald. The company, which was incorporated in 2009, aims to become the leading supplier of direct drive permanent magnet generators to the renewable energy sector.

PhotoSolar

Venture Round in 2010
PhotoSolar A/S specializes in developing and marketing advanced, transparent solar shading and photovoltaic solutions. Our mission is to create a good working environment and reduce energy consumption in modern buildings with large glass facades, using aesthetic and maintenance-free solar shading. PhotoSolar is a technology and knowledge-based company working in partnership with a number of knowledge centres, including the Danish Technological Institute. The company was founded in 2003.

AlertMe

Series B in 2010
AlertMe.com Ltd. offers an open, cloud-based platform called Omnia that connects a variety of devices and appliances to enable users to monitor, control, and automate their homes in Europe and the United States. The platform integrates multiple devices, services, and data, creating a cohesive ecosystem for home automation. Key offerings include Energy Analytics, which assists customers in understanding their energy usage and bills, and Home Energy Control, which manages heating, cooling, and connected appliances for enhanced efficiency. Additionally, the Home Automation solution allows users to customize interactions among connected devices, such as sensors, cameras, locks, and lighting. Founded in 2006 and based in Cambridge, United Kingdom, AlertMe was acquired by British Gas Services Limited. The company's technology aims to simplify the connected home experience, making it affordable and reliable for users while promoting energy savings and sustainability.

EnOcean

Venture Round in 2009
EnOcean GmbH, founded in 2001 and based in Oberhaching, Germany, specializes in energy harvesting technology and wireless sensor solutions for building and industrial automation. The company develops and markets a range of products, including energy converters, wireless sensors, controllers, and software, which facilitate energy-efficient applications in home automation, lighting, industrial settings, automated meter reading, and environmental monitoring. EnOcean's innovative self-powered wireless technology captures energy from the environment, allowing for the creation of long-range radio frequency signals without the need for batteries. The company distributes its products across numerous countries, including various regions in Europe, North America, and Asia, thereby catering to a global market for energy-efficient solutions.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.