# SET Ventures

SET Ventures is a Venture Capital based in Amsterdam, Netherlands.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Amsterdam, Netherlands
- **Region:** Europe
- **Address:** Amsterdam, Netherlands
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** www.setventures.com
- **LinkedIn:** https://www.linkedin.com/company/setventures

## Regulatory record

- **Reports private funds:** No

## About

SET Ventures is Europe's leading energytech VC, investing in pioneers that shape the new digital energy economy. The firm backs companies that make the energy system hyperlocal, automated and resilient. It has supported transformative energytech solutions from early growth to European scale for two decades, with a portfolio of over 10 exits.

## Sectors

- Energy Transition & Renewables
- AI/ML
- Mobility & Transportation
- Industrial Tech
- PropTech
- ClimateTech

## People

- Leonie Baneke — Associate Partner
- Sarah Chapman — Venture Partner

## Questions

### At what stage does SET Ventures typically invest?

SET targets early growth, which it calls Series A(+/-). The firm will consider companies from late seed through to more progressed rounds, as long as the business sits inside its digital energy thesis.

### What is SET Ventures' check-size range?

Initial commitments are usually €2-5M in rounds of €3-10M. The firm reserves substantial follow-on capital and can deploy up to €15M in a single portfolio company over time.

### Which sectors does SET Ventures explicitly avoid?

The firm invests only in digital energy technologies that make the energy system more hyperlocal, automated, and resilient. Companies outside its six focus areas — Distributed Energy Systems, Digital Utilities, AI & Enabling Technologies, Industrial Energy Management, the Built Environment, and Mobility & Transport — fall outside its mandate.

### How is SET Ventures' impact mandate structured?

SET's fourth fund is classified as SFDR Article 9. The firm has publicly committed to linking team compensation to the achievement of impact outcomes, in partnership with the European Investment Fund, and publishes an annual impact report.

### What is SET Ventures' geographic focus?

The firm invests across Europe, with a concentration in Western Europe — specifically the Benelux region, the United Kingdom, and the DACH countries — where it has observed the highest density of digital energy innovations.

### How does SET Ventures think about financial returns versus impact returns?

The firm explicitly aims to generate outsized financial and environmental returns. Its impact reporting is transparent and measurable, and the team's economics are partially tied to hitting impact KPIs set in collaboration with the European Investment Fund.

## Related profiles

- [Settanni Financial](https://altss.com/profile/settanni-financial)
- [SEVA](https://altss.com/profile/seva)

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Last updated: 2026-08-11T15:08:04.536Z

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