2026-06-08 04 min read

GALVANY Raises 10 Million Seed Round

SET Ventures and AENU back Berlin heat pump platform that has grown revenue 7x to scale profitable growth, multifamily homes, and AI-powered energy management Berlin, 8 June 2026 | GALVANY has raised EUR 10 million in Seed financing to expand its heat pump platform for Germany’s existing building stock. The round is led by European energytech investor SET Ventures, with Berlin-based climate tech fund AENU as co-lead. The fresh capital will support GALVANY’s next phase of profitable growth, with a focus on scaling its solution for multifamily homes, further developing…

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2025-06-30 04 min read

Tibo Energy raises €6 million to expand to Germany and Belgium

SET portfolio company, Tibo Energy has raised €6 million in Seed funding to expand into Germany and Belgium and further scale its technology. Tibo is a Dutch developer of a next-generation Energy Management System (EMS) for industrial and commercial energy sites. The company helps businesses unlock additional energy capacity from their existing infrastructure by intelligently managing distributed assets. Grid congestion is already limiting business growth in the Netherlands, where companies face multi-year delays for grid upgrades, mounting penalties for peak loads and stalled expansion plans. Tibo Energy offers a way…

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2025-06-03 04 min read

SET Ventures invests in Enrise to slash solar costs for commercial real estate

SET Ventures has invested in Enrise, a next-generation solar developer specialising in self-consumption for commercial and industrial (C&I) real estate. The €8 million funding round was led by SET Ventures and Asterion Ventures, with the support of Ring Capital, AFI Ventures, Climate Club, and the French public investment bank Bpifrance. Solar self-consumption, a key level to unlock real estate value Solar self-consumption is an ideal solution for many C&I real estate stakeholders. It offers a concrete and sustainable response to the requirements of the APER Law (Accelerating Renewable Energy Production)…

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2024-11-13 04 min read

Etpa raise 5.5 million to expand into France, Belgium and Austria

Etpa, a designated European Power Exchange for the short-term electricity markets, has announced it has raised 5.5 million euros in new capital to further expand its product suite and internationalise in Europe. The investment has been raised from a trio of Dutch funds including new investor, 4impact capital as well as existing investors SET Ventures and ABN AMRO Sustainable Investment Fund (SIF) who both contributed to Etpa’s previous round in 2022. Via its transparent and independent exchange, Etpa enables many energy market participants to optimise their energy exposure through short-term…

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