2026-01-29 05 min read

SET leads metergrid’s €10m Series A – largest growth financing for tenant electricity in Germany

Stuttgart-based energytech startup, metergrid, has closed an oversubscribed Series A financing round of €10 million, the largest growth financing to date in the German tenant electricity (Mieterstrom) market. Europe's leading investor for the digital energy economy, SET Ventures, led the Series A round. Existing investors Hager, LBBW Venture Capital, Mätch VC and several business angels are re-investing, sending a strong signal of confidence in metergrid’s business model. The energy transition in German cities will be decided where the majority of people live: in multi-tenant residential buildings. Around 44 million people in…

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2025-03-27 04 min read

vilisto launches new software for intelligent hydronic balancing

Intelligent adaptive hydronic balancing for non-residential buildings is the latest technology from Hamburg-based energy-saving company vilisto. The company has developed software that is installed on its self-learning thermostats and automatically performs hydronic balancing. This is a tried-and-tested measure for adjusting water-based heating systems to suit the respective building and ensuring even heat distribution in all rooms. Thanks to the software, this is now done automatically and within minutes instead of days or even weeks, as is usually the case with analog balancing. Its effectiveness has been confirmed by a certificate…

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2025-03-20 03 min read

SET hires new Venture Partner Sarah Chapman

SET Ventures has appointed Sarah Chapman as a Venture Partner to source the UK’s best energy startups and partner with founders to scale their companies into industry leaders. Chapman has extensive experience as a founder and an operator in the energy transition since 2008. She built and successfully exited Faro Energy, a distributed solar energy company in Brazil that sparked corporate solar in the country. Chapman then founded Glowb, a UK-based residential solar venture that fostered innovation in domestic batteries that helped shift the industry’s adoption curve. Why the UK…

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2024-09-05 04 min read

SET Ventures closes fourth fund to drive mass adoption of digital energy tech

SET Ventures has closed its fourth fund at €200 million to back digital technologies which will facilitate the transition to a carbon-free energy system. Doubling the size of its previous fund, this new capital validates SET’s approach to investing in the evolving energy system that will be dominated by renewables. The firm backs European startups with digital-first, data-driven solutions that accelerate the integration of existing renewable energy technologies into mass markets. The fourth fund will invest in entrepreneurs who pioneer business models that incentivise companies and consumers to adapt now,…

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