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.

Anton Arts

Managing Partner

Wouter Jonk

Co-Founder and Managing Director

Leonie Mekel

CFO

Emily Mellor

Investor

Moritz Müller

Investment Analyst

Past deals in Solar Energy

Green Eagle Solutions

Series A in 2023
Green Eagle Solutions provides SCADA software solutions for renewable energy assets, developing platforms to monitor and analyze performance and to operate turbines automatically. Its offerings include CompactSCADA, Solar PV Plant SCADA, and Wind Farm SCADA, plus an Automatic WTG Reset Tool and a Data Gateway that collects, interprets, normalizes, and delivers data from various OEM sites to monitoring and control platforms. The Renewable Assets Monitoring Platform (RAMP) supports plant and components monitoring, events and data logging, alarms, data analysis, CMMS, remote control, and reporting. Founded in 2012 and based in Madrid, Spain, the company delivers a unified, multi-technology system across wind, solar, and substations to improve asset availability and extend asset life.

Green Eagle Solutions

Series A in 2021
Green Eagle Solutions provides SCADA software solutions for renewable energy assets, developing platforms to monitor and analyze performance and to operate turbines automatically. Its offerings include CompactSCADA, Solar PV Plant SCADA, and Wind Farm SCADA, plus an Automatic WTG Reset Tool and a Data Gateway that collects, interprets, normalizes, and delivers data from various OEM sites to monitoring and control platforms. The Renewable Assets Monitoring Platform (RAMP) supports plant and components monitoring, events and data logging, alarms, data analysis, CMMS, remote control, and reporting. Founded in 2012 and based in Madrid, Spain, the company delivers a unified, multi-technology system across wind, solar, and substations to improve asset availability and extend asset life.

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.

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.

depsys

Series B in 2019
DEPsys is a Swiss technology company based in Puidoux, located on the shores of Lake Geneva in the Lavaux region, known for its vineyard terraces. The company specializes in developing modular systems for power grids, focusing on integrating renewable energy sources like photovoltaic systems and wind turbines into traditional low-voltage electricity networks. Its network optimization platform is designed to measure, monitor, and control the low-voltage grid, allowing energy providers to adapt to the challenges posed by decentralized production and increased energy loads. By offering innovative solutions, DEPsys aims to support the evolution of energy systems in response to the growing demand for sustainable energy practices.

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.

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.

Sonnen

Series D in 2016
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

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.

Sonnen

Series B in 2014
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

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.

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.

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.
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