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STOCKHOLM, SWEDEN – May 22, 2019 – During the 15th annual Cleantech Forum Europe event, held in Stockholm, Sweden, SET Ventures won the European Investor of the Year 2019 Award.

The Cleantech Group marked standout achievements from companies, investors, and individuals of the last 12 months in the cleantech ecosystem. This year, to reflect the maturity of the cleantech ecosystem, Cleantech Group created a new, Investor of the Year award to recognise “a European investor who, in the prior 12 months, has demonstrated positive outcomes and progress across the major activity set – fundraising, realising positive returns for LPs via exits, and portfolio management (both in progressing the current portfolio and adding quality new companies”.

The jury of the award concluded that, although others may have performed strongly on one or two parts of the activity set, SET Ventures was the standout across the full set, demonstrated by the Fund III close, exits of sonnen and LimeJump, and the additions of DEPsys and GreenFlux to the portfolio. “We are deeply honoured to have received the European Investor of the Year Award 2019,” René Savelsberg, Co-founder and Managing Partner of SET Ventures, says. “Our team had an exciting year in which we announced the first close for SET Fund III, celebrated breakout success stories, and added exceptional smart energy entrepreneurs who have what it takes to transform large, global markets”. Savelsberg adds: “We will continue to break new grounds in forward looking venture capital fund management by including impact results as part of our renumeration, while contributing to an acceleration of the transition of the energy system worldwide”.

“We are delighted to give this award to SET Ventures”, said Richard Youngman, CEO Cleantech Group. “SET Ventures has achieved important milestones during the last twelve months. We should all be happy for them, and for the health of this important and maturing innovation ecosystem. The best is yet to come.”

About SET Ventures
Since 2007, Amsterdam-based SET Ventures has invested in European technology companies that impact the future of the energy system. SET Ventures focuses broadly on innovative energy generation, energy distribution and storage and energy efficiency. SET Fund III provides early growth-stage capital to ventures that shape the energy system transition through smart software and services-based business models. For more information please visit

About Cleantech Group
Cleantech® Group provides research, consulting and events to catalyse opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, they bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customised support they need to thrive in a more digitised, de-carbonised and resource-efficient future. The company was established in 2002 and is headquartered in San Francisco with a growing international presence in London.