SET Ventures
SET Ventures is an Amsterdam-based venture capital firm founded in 2007 that invests in European energy and renewable sector companies across early to growth stages. It backs digital technology-enabled solutions aimed at carbon-free energy systems, including energy generation, distribution and storage, energy efficiency, and smart energy applications in buildings, industry, mobility, and infrastructure. The firm targets investments in technology-enabled clean energy and sustainability initiatives, often with a focus on smart grid, energy storage, and EV/green building applications, and seeks to support portfolio companies with strategic guidance, including board participation. Typical check sizes range from approximately €0.5 million to €6 million per company over the life of participation. SET Ventures concentrates on Europe and prioritizes companies that combine software and hardware components to create scalable energy solutions.
Top Sectors
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Past deals in Smart Cities
Frequenz
Venture Round in 2024
Frequenz develops technologies to optimize renewable energy production and procurement using AI, IoT, and battery storage. The company offers an autonomous EDGE platform for deploying, optimizing, and operating microgrid infrastructures and enabling decentralized finance markets. It provides energy solutions such as flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help partners reduce electricity costs and improve revenue and profitability.
Tibo Energy
Seed Round in 2024
Tibo Energy develops advanced software that optimizes renewable energy usage and improves grid balance. Its algorithms enable energy professionals to manage microgrids and energy hubs efficiently, reducing carbon footprint while enhancing financial returns.
e-mobilio
Series A in 2023
e-mobilio is a digital consulting platform focused on facilitating the transition to electromobility. It provides a manufacturer-neutral advisory and brokerage service intended to streamline the process of purchasing electric vehicles. The platform offers a comprehensive e-mobility ecosystem that includes tailored insights covering various aspects of electromobility, such as electric vehicle selection, home and public charging solutions, installation options, and financing assistance. By offering an accessible online inquiry form, e-mobilio aims to simplify the decision-making process for customers, making the experience of buying an electric car more enjoyable and less daunting.
Frequenz
Venture Round in 2022
Frequenz develops technologies to optimize renewable energy production and procurement using AI, IoT, and battery storage. The company offers an autonomous EDGE platform for deploying, optimizing, and operating microgrid infrastructures and enabling decentralized finance markets. It provides energy solutions such as flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help partners reduce electricity costs and improve revenue and profitability.
Easelink
Series A in 2022
Easelink develops and industrializes conductive charging technologies for electric vehicles, aiming to automate and accelerate the charging process. It centers on MATRIX CHARGING, an automated conductive charging system with no moving parts outside the vehicle, designed to be stationary and scalable. The technology uses a charging pad that enables automatic direct physical connection as soon as a vehicle parks on top, eliminating the need for manual plugging and enabling convenient, efficient EV charging.
Energyworx
Venture Round in 2021
Energyworx is a software company that specializes in developing solutions for energy data management. Founded in 2012 and headquartered in Houten, Utrecht, the company offers a SaaS-based platform that aims to disrupt the global energy and utilities market. This platform enables organizations to manage and analyze large volumes of smart meter and IoT data, providing real-time insights that support strategic decision-making. By correlating energy data with various other sources, Energyworx assists users in optimizing grid performance and minimizing losses during transmission and distribution. In addition to its core services, the platform includes features such as meter data management, energy balancing for smart grids, and a social energy application, all designed to enhance efficiency and promote growth within the energy sector.
Energyworx
Venture Round in 2020
Energyworx is a software company that specializes in developing solutions for energy data management. Founded in 2012 and headquartered in Houten, Utrecht, the company offers a SaaS-based platform that aims to disrupt the global energy and utilities market. This platform enables organizations to manage and analyze large volumes of smart meter and IoT data, providing real-time insights that support strategic decision-making. By correlating energy data with various other sources, Energyworx assists users in optimizing grid performance and minimizing losses during transmission and distribution. In addition to its core services, the platform includes features such as meter data management, energy balancing for smart grids, and a social energy application, all designed to enhance efficiency and promote growth within the energy sector.
GreenCom Networks
Series C in 2019
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.
GreenCom Networks
Series B in 2017
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.
Energyworx
Seed Round in 2016
Energyworx is a software company that specializes in developing solutions for energy data management. Founded in 2012 and headquartered in Houten, Utrecht, the company offers a SaaS-based platform that aims to disrupt the global energy and utilities market. This platform enables organizations to manage and analyze large volumes of smart meter and IoT data, providing real-time insights that support strategic decision-making. By correlating energy data with various other sources, Energyworx assists users in optimizing grid performance and minimizing losses during transmission and distribution. In addition to its core services, the platform includes features such as meter data management, energy balancing for smart grids, and a social energy application, all designed to enhance efficiency and promote growth within the energy sector.
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