VC Investors · Public & regional funds

SETT

sett.gob.es ↗ ·Madrid ·Invests Seed – Series C+

SETT (Sociedad Española para la Transformación Tecnológica) is a Madrid-based public business entity under Spain's Ministry for Digital Transformation and Public Administration. It was created in July 2024 from the former SEMyS to finance and invest in advanced and transformative technologies. It manages the PERTE Chip programme for microelectronics and semiconductors, the Next Tech Fund and the Spain Audiovisual Hub Fund. It co-invests alongside private investors in deep-tech companies across semiconductors, quantum computing, artificial intelligence, connectivity, health tech and sustainable mobility, and its stake is capped at 49%. Its portfolio includes Multiverse Computing, Sateliot, Wallbox, Qilimanjaro Quantum Tech, Nu Quantum, Sparc, Quantix Edge Security, Wooptix and Lookiero.

Tracked portfolio
29
Team
2
AUM
n/a
Rounds
30
Cheque
€0.5–20M
SectorsSemiconductors, Microelectronics, Quantum computing, Artificial intelligence, Telecommunications, Satellite connectivity, Health tech, Audiovisual VC MapPublic & regional funds
portfolio by sector29
Deeptech & Hardware9Healthtech & Bio6AI & Data4Enterprise Software3Marketplace & E-commerce23 more sectors5
deals by stage30
Pre-seed1Seed6Series A9Series B5Series C3Series D1No stage disclosed5

Suggest a correction

Team

Partners 1 Others 1
Javier Ponce
Director General

Portfolio companies 29

Open 29 as list → On map →
Recent A–Z
Qilimanjaro Quantum Tech
led Seed (estimated), 2025
Deeptech & Hardware Series A
Nearby Computing
led Series A (estimated), 2026
Enterprise Software Series A
Deneb Medical
entered at Series A (estimated), 2026
Healthtech & Bio Series A
Multiverse Computing
entered at Series B, 2025
AI & Data Series C
Onalabs
entered at Series A (estimated), 2026
Healthtech & Bio Series A
Kaleidos
entered at Series A (estimated), 2026
Enterprise Software Series A
Amuse Labs
entered at a round, 2026
Media & Gaming
Sherpa.ai
entered at Series B (estimated), 2026
AI & Data Series B
FOSSA Systems
entered at Series A (estimated), 2026
Deeptech & Hardware Series A
Attypics Photonics
led a round, 2026
Deeptech & Hardware
Clinicgram
led Seed (estimated), 2026
Healthtech & Bio Seed
Ánima Kitchent
led a round, 2026
Media & Gaming
ScrapAd
led Series A (estimated), 2026
Marketplace & E-commerce Series A
TuringDream
led Seed, 2026
AI & Data Seed
Sybol
entered at Seed (estimated), 2026
Enterprise Software Seed
Robopedics
led Seed (estimated), 2026
Healthtech & Bio Seed
Universal Diagnostics
entered at Series C (estimated), 2026
Healthtech & Bio Series C
Lookiero
led Series D (estimated), 2026
Marketplace & E-commerce Series D
Heuristik
led Pre-seed, 2025
Healthtech & Bio Pre-seed
Ideaded
led Series B (estimated), 2025
Deeptech & Hardware Series B
Quantix Edge Security
led a round, 2025
Cybersecurity
Sparc Foundry
entered at a round, 2025
Deeptech & Hardware
Sensia Solutions
entered at Series B (estimated), 2025
Deeptech & Hardware Series B
Wooptix
led Series C, 2025
Deeptech & Hardware Series C
Sateliot
led Series A (estimated), 2022
Deeptech & Hardware Series B
Satlantis
entered at Series A, 2021
Deeptech & Hardware Series A
Energy Solar Tech
Energy & Climate Seed
Substrate AI
AI & Data
Wallbox
Energy & Climate

Funding rounds 30

Open as list →
DateCompanyRoundAmountLead
2026-10-14 Qilimanjaro Quantum Tech Series A €19.6M Indra Group (IndraMind)
+1 more
2026-10-07 Substrate AI Post-IPO €3.95M Lead not disclosed
+3 more
2026-09-17 Nearby Computing Series A (estimated) €1.4M SETT (Sociedad Española para la Transformación Tecnológica)
2026-09-08 Deneb Medical Series A (estimated) €14.7M Lead unknown
+3 more
2026-07-27 Onalabs Series A (estimated) approximately €9.3M Lead not disclosed
+5 more
2026-07-27 Multiverse Computing Series C up to €500M Forgepoint Capital International, Bullhound Capital, BNPP Solar Impulse Venture Fund
+14 more
2026-07-20 Kaleidos Series A (estimated) €6.9M Lead not disclosed
+1 more
2026-07-16 Amuse Labs No stage disclosed €13.2M Lead not disclosed
+2 more
2026-07-06 Sherpa.ai Series B (estimated) approximately €16M Forgepoint Capital
+4 more
2026-06-30 Substrate AI Post-IPO €39M SETT
+2 more
2026-06-24 FOSSA Systems Series A (estimated) €9.25M Kibo Ventures
+4 more
2026-06-23 Attypics Photonics No stage disclosed €50M SETT
+1 more
2026-06-10 Clinicgram Seed (estimated) €1.65M SETT
2026-06-02 Ánima Kitchent No stage disclosed €24.9M SETT
+1 more
2026-04-17 ScrapAd Series A (estimated) €1.1M SETT (Sociedad Española para la Transformación Tecnológica)
2026-03-23 TuringDream Seed €2M SETT
+3 more
2026-03-12 Sybol Seed (estimated) approximately €1M Lead not disclosed
+7 more
2026-03-06 Robopedics Seed (estimated) €1.7M Sociedad Española para la Transformación Tecnológica (SETT)
+7 more
2026-01-20 Universal Diagnostics Series C (estimated) €62M Lead not disclosed
+1 more
2026-01-08 Lookiero Series D (estimated) €17M SETT (Sociedad Española para la Transformación Tecnológica), Ekarpen Private Equity
+4 more
2025-12-11 Heuristik Pre-seed €1.4M SETT, Fundalogy, Lemon Ventures, Startupxplore, Venturade
+1 more
2025-11-13 Ideaded Series B (estimated) €22M SETT (Sociedad Española para la Transformación Tecnológica)
+2 more
2025-11-07 Qilimanjaro Quantum Tech Seed (estimated) €1M SETT
2025-06-17 Sparc Foundry No stage disclosed approximately €39.2M Lead not disclosed
+4 more
2025-06-17 Quantix Edge Security No stage disclosed €19.6M SETT (Sociedad Española para la Transformación Tecnológica)
+5 more
2025-06-12 Multiverse Computing Series B approximately $170M Bullhound Capital
+8 more
2025-06-05 Wallbox Post-IPO $15M Lead unknown
+4 more
2025-03-07 Qilimanjaro Quantum Tech Seed approximately €10M Grow Venture Partners
+5 more
2025-02-25 Wallbox Post-IPO $10M Lead not disclosed
+5 more
2025-02-13 Sensia Solutions Series B (estimated) €19M Lead not disclosed
+2 more
2025-01-09 Wooptix Series C approximately €10M Samsung Venture Investment Corporation, SETT (Sociedad Española para la Transformación Tecnológica)
+7 more
2024-09-23 Sateliot Series B €40M Global Portfolio Investments
+5 more
2022-04-08 Sateliot Series A (estimated) €1.5M SEPIDES
2021-06-18 Energy Solar Tech Public Loan €2M SEPIDES Gestión
2021-04-14 Satlantis Series A €24M Lead not disclosed
+8 more

Often invests with 39

Open as list →
Forgepoint Capital 3 shared roundsIndraventures 3 shared roundsAXIS 2 shared roundsCentro para el Desarrollo Tecnológico y la Innovación 2 shared roundsClave Capital 2 shared roundsEIC Fund 2 shared rounds

News 30

Open as list →
PublishedArticle
2026-11-09 Revel raised €120M, Titan OS picked up $46M, data centre fear mongering (Dealflow.es #534) ↗
Dealflow.es
2026-11-09
2026-10-29 Draper B1 y First Drop lideran ronda de €1 millón en YK-Robotics para que cualquier celda robótica se programe con palabras ↗
Capital-Riesgo.es
+1 source
2026-10-29
2026-10-23 Seaya arranca el megafondo con los primeros €600M. Más gestoras se rearman. Las tripas del pacto Factorial-General Catalyst ↗
Ecotechers
2026-10-23
2026-10-22 Barcelona's Masia closes €18M debut fund, opens founder hub ↗
Dealroom News
2026-10-22
2026-10-20 Big Sur Ventures lanza un fondo de 100 millones para invertir en hasta 25 startups tecnológicas ↗
Pymes Magazine
2026-10-20
2026-10-19 Radar de rondas: ID Finance levanta 545 millones y Qilimanjaro supera los 19 millones ↗
Forbes España
2026-10-19
2026-10-19 Dealflow #531: Liquidity for Factorial and Marosa employees. Qilimanjaro and Causa Prima raise $20M. ↗
Dealflow.es newsletter
2026-10-19
2026-10-15 Universal Quantum and NetBird backer Nauta secures €60M first close for Fund VI ↗
Tech Funding News
+4 sources
2026-10-15
2026-10-14 Qilimanjaro announces €20 million first close of its Series A ↗
Evertiq
+3 sources
2026-10-14
2026-10-09 Substrate AI avanza en su ronda para impulsar la inteligencia artificial española ↗
Diario Digitalis
2026-10-09
2026-10-05 Dealflow #529: Didit grows revenue by 65x in 15 months. Barlon Capital new fund. Indra and Adsmurai goe shopping. ↗
Dealflow.es Newsletter
2026-10-05
2026-10-02 El ecosistema español supera por primera vez los 1.000M€ de inversión en un mes este septiembre ↗
El Referente
+1 source
2026-10-02
2026-09-30 Dentro de las tripas económicas de SETT y CDTI en el año del aluvión de dinero público ↗
Ecotechers
2026-09-30
2026-09-19 Spain's SETT Drives $521 Million Investment Push to Build Global Audiovisual Players ↗
Variety (via Yahoo Entertainment)
2026-09-19
2026-09-17 Nearby Computing secures €680K to scale cloud-to-edge orchestration platform ↗
Tech.eu
+1 source
2026-09-17
2026-07-27 Multiverse Computing Announces Series C Fundraising Targeting up to $570M (€500M) to Power Efficient AI from Edge to Cloud ↗
GlobeNewswire
+1 source
2026-07-27
2026-06-29 The Spanish government enters the shareholding of Openchip to boost the Catalan microchip project ↗
Ara (English edition)
2026-06-29
2026-06-29 Spain's Openchip lands €115 million SETT investment to strengthen Europe's semiconductor capabilities ↗
EU-Startups
2026-06-29
2026-03-03 LUMO Fund wins €6M from Spain's SETT to support European impact startups ↗
The Next Web
2026-03-03
2026-03-03 LUMO Labs' €100 million impact VC fund receives €6 million from Spain's state-owned investment arm SETT ↗
EU-Startups
2026-03-03
2025-10-25 An interesting initiative: the SETT ↗
Ara (English edition)
2025-10-25
2025-09-12 Diamond Foundry and SETT promote Spain's largest diamond chip plant with €2.4 billion ↗
ICEX-Invest in Spain
2025-09-12
2025-09-09 The Spanish Government invests €125 million in funds to boost tech startups. ↗
Plataforma ONE (Spanish Government)
2025-09-09
2025-06-17 The Spanish Government backs a European photonic semiconductor hub in Vigo with a €17.2 million investment in SPARC ↗
Optica
2025-06-17
2025-03-05 Spanish government raises €67 million for Multiverse Computing for AI compression ↗
EU-Startups
2025-03-05
2025-03-04 Multiverse Computing Announces a $70 Million Investment From The Spanish government ↗
The Quantum Insider
2025-03-04
2025-02-18 Wooptix Secures Over €10 Million in Series C Funding Led by Samsung Venture Investment Corporation and Spanish Society for Technological Transformation ↗
Intel Capital (press release)
2025-02-18
2025-02-13 The Government of Spain boosts the infrared technology sector with SETT's entry into Madrid-based Sensia ↗
La Moncloa
2025-02-13
2024-07-16 The Government launches the 'Spanish Society for Technological Transformation' (SETT) to raise the added value of the Spanish economy ↗
Ministry for Digital Transformation and Civil Service (MTDFP)
2024-07-16
2024-02-27 Spain to launch public tech investment firm with €20bn capital ↗
deVere Spain
2024-02-27
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