# SET Ventures: portfolio, investments and team > SET Ventures is a vc firm based in Netherlands. 10 investments on record, 4 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/set-ventures (Millionrounds; every figure on the page links to its filing or article) Netherlands · [Investor](https://millionrounds.com/investors) # SET Ventures Last cheque observed Jul 2026; 10 cheques on record. Email Deploying now VC firm Seed Series A Series B Pcr Smartgrids Gas Follow SET Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fset-ventures) Deploying now **100%** of best year **4** **cheques in 12 months**, 10 on record Since the last cheque **115** days **00** hrs **00** min **00** sec Median round **$12M** Cheque size, as they say **$1.0M – $6.0M** Rounds led **3 of 10** Mostly in **Netherlands, 40%** Pitch SET Ventures ## SET Ventures highlights - 01 4 cheques in the last 12 months - 02 Mostly Seed and Series B: 67% of its rounds - 03 Led 3 rounds ## What they do > SET has been Europe’s leading energytech VC since 2007. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $1.0M – $6.0M as they say - **Stages:** Seed Series A Series B - **Sectors:** Pcr Smartgrids Gas - **Based in:** Amsterdam, Netherlands - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **10 appearances** - **2026** 4 rounds - **Jul** **[Fuchs & Eule](https://millionrounds.com/company/fuchs-and-eule)** Series A · DE · Realyze Ventures **$11M** With 5 others - **Jun** **[GALVANY](https://millionrounds.com/company/galvany)** Seed · DE · SET Ventures **$12M** *Led* - **Apr** **[Decade Energy](https://millionrounds.com/company/decade-energy)** Seed · FR · SET Ventures **$26M** *Led* - **Jan** **[metergrid](https://millionrounds.com/company/metergrid)** Series A · DE · SET Ventures **$12M** *Led* - **2025** 1 round - **Jun** **[Tibo Energy](https://millionrounds.com/company/tibo-energy)** Seed · NL · Silicon Canals **$7.0M** With 4 others - **2019** 1 round - **Feb** **[DEPsys](https://millionrounds.com/company/depsys)** Series B · CH · EU-Startups **$13M** With 1 other - **2018** 1 round - **Jun** **[GreenFlux](https://millionrounds.com/company/greenflux)** Series B · NL · Greenflux **$13M** With 2 others - **2017** 1 round - **May** **[Luxexcel](https://millionrounds.com/company/luxexcel)** BE · 3dprint **$10M** With 3 others - **2015** 1 round - **Jul** **[Luxexcel](https://millionrounds.com/company/luxexcel)** Series B · NL **$4.4M** With 2 others - **2014** 1 round - **Jan** **[Luxexcel](https://millionrounds.com/company/luxexcel)** Growth · NL **Undisclosed** With 4 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **16** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **0** of 1 we have independently watched raise Cookiedatabase Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Seed Series A Series B Median round joined **$12M** the round, not its cheque Led 3 of 10 rounds **30%** - **Said size:** $1.0M – $6.0M - **Sole investor:** Never alone - **Last cheque:** Jul 2026 Rounds by stage said on their site - Seed said *3* - Series B said *3* - Series A said *2* - Growth *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Munich Venture Partners](https://millionrounds.com/fund/munich-venture-partners) 2 - [PMV Tina Fund](https://millionrounds.com/fund/pmv-tina-fund) 2 **Pitching SET Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as SET Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Munich Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/munich-venture-partners)[**PMV Tina Fund** VC firm **2** rounds together](https://millionrounds.com/fund/pmv-tina-fund) ## Recently backed The latest companies SET Ventures put money into. [**GALVANY** $12M · Jun 2026](https://millionrounds.com/company/galvany)[**Decade Energy** $26M · Apr 2026](https://millionrounds.com/company/decade-energy)[**DEPsys** $13M · Feb 2019](https://millionrounds.com/company/depsys)[**GreenFlux** $13M · Jun 2018](https://millionrounds.com/company/greenflux) ## Quick answers about SET Ventures ### What does SET Ventures invest in? SET Ventures invests most often at Seed and Series B (67% of the rounds on record), in sectors such as Pcr, Smartgrids and Gas. ### How active is SET Ventures? 10 investments on record, 4 of them in the last 12 months, and it led 3. The most recent was in Jul 2026. ### What has SET Ventures invested in recently? Its most recent investments on record: Fuchs & Eule (Series A, Jul 2026), GALVANY (Seed, Jun 2026) and Decade Energy (Seed, Apr 2026). ### How big are SET Ventures's cheques? The median round it joins is $12M. It says it writes cheques of $1.0M to $6.0M. ### Does SET Ventures lead rounds? Yes: it led 3 of its 10 investments on record (30%). ### Where does SET Ventures invest? Most of the companies it backs are in the Netherlands (40%), Germany (30%) and France (10%). ### Is SET Ventures investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### Who does SET Ventures invest alongside? Most often Munich Venture Partners (2 rounds together) and PMV Tina Fund (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=set-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=set-ventures)