SET Ventures

SET Ventures, established in 2007 and based in Amsterdam, Netherlands, is a venture capital firm focusing on early to growth-stage investments in Europe. The company specializes in digital technology for a carbon-free energy system, backing pioneering startups with sustainable solutions and a strong digital DNA. Its investment priority lies in sectors such as distributed infrastructure, energy retail, buildings, mobility, industry, and enabling technologies. SET Ventures typically invests between €0.5 million to €6 million per portfolio company, aiming to take a seat on the supervisory board.

Anton Arts

Managing Partner

Wouter Jonk

Co-Founder and Managing Partner

Leonie Mekel

CFO

Emily Mellor

Investor

Moritz Müller

Investment Analyst

Julia Padberg

Partner

Rene Savelsberg

Co-Founder and Partner

Ellen Smeele

Associate

Till Stenzel

Partner

Past deals in Electric Grid

Frequenz

Venture Round in 2024
Frequenz specializes in managing renewable energy production and procurement by utilizing advanced technologies such as artificial intelligence, the Internet of Things, and battery storage. The company has developed the EDGE platform, which focuses on decentralized finance markets and enhances the deployment, optimization, and operation of microgrid infrastructures. Through this platform, Frequenz offers various solutions including flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help its partners reduce electricity costs while increasing revenue and profitability.

Tibo Energy

Seed Round in 2024
Tibo Energy focuses on transforming energy consumption, generation, and distribution through innovative software solutions. The company develops energy monitoring and smart grid controlling technology that optimizes the use of renewable energy sources and enhances grid stability. By employing advanced algorithms, Tibo Energy's solutions enable energy professionals to effectively manage microgrids and energy hubs, improving operational efficiency and maximizing financial returns while reducing carbon dioxide emissions. This approach not only streamlines energy management but also contributes to a more sustainable and environmentally friendly energy landscape.

Green Eagle Solutions

Series A in 2023
Green Eagle Solutions SL specializes in developing supervisory control and data acquisition (SCADA) software solutions tailored for renewable energy assets, particularly in the wind and solar sectors. Headquartered in Madrid, Spain, the company offers a comprehensive range of platforms designed to monitor, analyze, and control the performance of renewable energy facilities. Its solutions include CompactSCADA for overseeing renewable asset portfolios, SCADA systems for solar photovoltaic plants aimed at industrial and utility-scale applications, and customizable SCADA solutions for wind farms. Additionally, the company provides an Automatic WTG Reset Tool System that automates turbine operations based on client-defined strategies. Green Eagle Solutions also operates a Data Gateway that integrates data from various OEM site servers into its monitoring platforms. Through its Renewable Assets Monitoring Platform (RAMP), the company enhances operational efficiency by facilitating plant monitoring, data analysis, computerized maintenance management, and remote control capabilities. Founded in 2012, Green Eagle Solutions is committed to improving the management and efficiency of renewable energy production.

Frequenz

Venture Round in 2022
Frequenz specializes in managing renewable energy production and procurement by utilizing advanced technologies such as artificial intelligence, the Internet of Things, and battery storage. The company has developed the EDGE platform, which focuses on decentralized finance markets and enhances the deployment, optimization, and operation of microgrid infrastructures. Through this platform, Frequenz offers various solutions including flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help its partners reduce electricity costs while increasing revenue and profitability.

Easelink

Series A in 2022
Easelink is focused on creating innovative solutions for electric vehicle charging through its proprietary MATRIX CHARGING® technology. This automated conductive charging system eliminates the need for manual plugging and unplugging by allowing vehicles to charge automatically when parked over a stationary charging pad. The design features no moving parts outside the vehicle, making it both efficient and scalable. Easelink aims to enhance the user experience of electric vehicle owners, facilitating a seamless and convenient charging process that aligns with the growing demand for smart living solutions.

Energyworx

Venture Round in 2021
Energyworx is a software company that specializes in developing a SaaS-based platform for energy data management and intelligence. Founded in 2012 by Edwin Poot and headquartered in Houten, Utrecht, the company aims to transform the energy and utilities market by enabling organizations to uncover the hidden value of their data. Energyworx's platform integrates and analyzes large volumes of smart meter and IoT data, providing users with real-time insights for informed decision-making. Its offerings include services such as meter data management, energy balancing for smart grids, and a social energy application. By facilitating efficient data management and operational insights, Energyworx helps energy and utility companies optimize grid performance and reduce losses during transmission and distribution.

Green Eagle Solutions

Series A in 2021
Green Eagle Solutions SL specializes in developing supervisory control and data acquisition (SCADA) software solutions tailored for renewable energy assets, particularly in the wind and solar sectors. Headquartered in Madrid, Spain, the company offers a comprehensive range of platforms designed to monitor, analyze, and control the performance of renewable energy facilities. Its solutions include CompactSCADA for overseeing renewable asset portfolios, SCADA systems for solar photovoltaic plants aimed at industrial and utility-scale applications, and customizable SCADA solutions for wind farms. Additionally, the company provides an Automatic WTG Reset Tool System that automates turbine operations based on client-defined strategies. Green Eagle Solutions also operates a Data Gateway that integrates data from various OEM site servers into its monitoring platforms. Through its Renewable Assets Monitoring Platform (RAMP), the company enhances operational efficiency by facilitating plant monitoring, data analysis, computerized maintenance management, and remote control capabilities. Founded in 2012, Green Eagle Solutions is committed to improving the management and efficiency of renewable energy production.

Energyworx

Venture Round in 2020
Energyworx is a software company that specializes in developing a SaaS-based platform for energy data management and intelligence. Founded in 2012 by Edwin Poot and headquartered in Houten, Utrecht, the company aims to transform the energy and utilities market by enabling organizations to uncover the hidden value of their data. Energyworx's platform integrates and analyzes large volumes of smart meter and IoT data, providing users with real-time insights for informed decision-making. Its offerings include services such as meter data management, energy balancing for smart grids, and a social energy application. By facilitating efficient data management and operational insights, Energyworx helps energy and utility companies optimize grid performance and reduce losses during transmission and distribution.

depsys

Series B in 2019
DEPsys is a Swiss technology company based in Puidoux, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

GreenFlux

Series B in 2018
GreenFlux specializes in providing an eMobility platform that facilitates the management of electric vehicle charging networks, aiming to enhance the adoption of electric vehicles. The company supports energy providers, network operators, and automotive stakeholders by offering solutions for remote charge station management, transaction processing, and the adjustment of charging processes based on electricity grid capacity and local energy generation. With a decade of experience in the international electric vehicle market, GreenFlux operates in over 21 countries across five continents, managing a network of more than 28,000 connected charge points. Its software optimizes billing operations, monitors real-time charging behavior, and expands grid capacity through a cloud-based system, enabling users to access comprehensive information on charge points and transactions.

Energyworx

Seed Round in 2016
Energyworx is a software company that specializes in developing a SaaS-based platform for energy data management and intelligence. Founded in 2012 by Edwin Poot and headquartered in Houten, Utrecht, the company aims to transform the energy and utilities market by enabling organizations to uncover the hidden value of their data. Energyworx's platform integrates and analyzes large volumes of smart meter and IoT data, providing users with real-time insights for informed decision-making. Its offerings include services such as meter data management, energy balancing for smart grids, and a social energy application. By facilitating efficient data management and operational insights, Energyworx helps energy and utility companies optimize grid performance and reduce losses during transmission and distribution.
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