ABN AMRO is investing in SET Fund IV, a fund focused on data and digital technology companies that help accelerate the energy transition to a zero-carbon society. The fund is managed by SET Ventures, an investment company that provides growth capital to innovative enterprises, enabling them to become successful market leaders. For ABN AMRO Corporate Investments, this is the third climate-related fund investment.
“SET Ventures is a leading impact investor specialising in digital and technological solutions around Europe’s energy transition. This investment is a way for ABN AMRO to provide capital to young, fast-growing companies that are helping the economy to transition to sustainability, but do not yet qualify for credit lines and other bank products,” says Floris Lyppens, Managing Director of ABN AMRO Corporate Investments.
“We are very pleased to be working with ABN AMRO. This collaboration underlines the growing importance of venture capital in bridging the gap between pioneering startups and traditional financial institutions. Together, we hope to foster a new generation of companies that will be crucial for achieving a zero-carbon energy system,” says Anton Arts, Partner at SET Ventures.
