Dutch clean energy investor SET Ventures lands new €200 million fund, which will go toward digital tech
New climate tech VC firms have emerged in recent years, but existing ones are also raising larger funds. Founded in 2007, Dutch firm SET Ventures is one of the latter. Its fourth fund, which just closed at €200 million, is twice the size of its previous one, and will be deployed into 20 to 25 […] © 2024 TechCrunch. All rights reserved. For personal use only.
https://techcrunch.com/2024/09/04/dutch-clean-energy-investor-set-ventures-lands-new-e200-million-fund-which-will-go-toward-digital-tech/
SET Ventures, a Dutch firm founded in 2007, has raised its fourth fund of €200 million to invest in 20-25 European startups making renewable energy mainstream. The firm focuses on Series A investments, with a sweet spot of €2-5 million, and has a thesis to invest in digital technologies for the carbon-free energy system. SET Ventures believes that software and automation play a crucial role in achieving urgent climate goals, and is open to investing in companies with hardware elements as long as the science works.