SETT
VC Fund
Madrid, Colombia
SETT is a VC fund in Madrid focused on Software and Artificial Intelligence. SETT takes the lead in the public sector in establishing the framework that will position Spain as a leader in investing in disruptive digital technologies. SETT is an actor that creates investment opportunities and a public lever for business opportunities in cutting-edge and revolutionary technologies because of its function as a management entity for particular investments through capitalizations and loans.
- Total investments:
- 35
- Last investment:
- Lead investor:
- 74%
Last updated:
For AI agents: llms.txt
Industries SETT invests in
Stages SETT invests in
Countries SETT invests in
Round sizes
Round size
- Seed
- $1.2M–$28M
- Series A
- $17M–$71M
- Venture - Series Unknown
- $779k–$35M
Investment Focus
Industry
- Software 8 (23%)
- Artificial Intelligence 7 (20%)
- Information Technology 6 (17%)
- Semiconductor 5 (14%)
- Machine Learning 4 (11%)
Stage
- Venture - Series Unknown 14 (40%)
- Seed 5 (14%)
- Series A 4 (11%)
- Funding Round 3 (9%)
- Series B 2 (6%)
Country
- Spain 25 (71%)
- Colombia 2 (6%)
- Norway 1 (3%)
- United Kingdom 1 (3%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Qilimanjaro is a quantum computing company based in Barcelona, making quantum useful today. Founded in 2019, we develop full-stack quantum computers based on fluxonium analog qubits, a novel architecture that bypasses the need for error correction, enabling faster, more scalable solutions. Our approach is application-first: analog quantum computingoffers near-term advantages and optimality for highly relevant problems, especially in simulation, optimization, and AI, where digital QPUs fall short. We follow a dual strategy to democratize access to quantum computing:• Via our Quantum-as-a-Service (QaaS) platform, users can remotely access our hybrid quantum data centers, combining analog and digital QPUs with classical HPC. • For research institutions and HPC centers, we provide on-premise quantum deployments, offering flexibility, control, and co-design.By aligning quantum hardware with real-world needs, Qilimanjaro is building a future where quantum computing is practical, scalable, and ready to deliver value - not in decades, but now. | $22M / Series A / Oct 14, 2026 | ||
| NearbyComputing commercializes NearbyOne, an Edge IT fabrics orchestration platform that seamlessly manages the lifecycle of infrastructure, the VNFs and the applications, controlling their deployment and associated resources. NearbyOne addresses all these orchestration issues in a holistic and intertwined way. Applications and VNFs provided bythird party ISVs are onboarded to create a rich ecosystem of pre-integrated services, that get deployed in one-click. Service assurance and KPI monitoring are natively integrated into the platform to automatically control service SLAs. Infratructure, Network, Apps and KPIs are managed from a single pane of glass, and smart placement and configuration policies dynamically adjust service levels. | $779.4K / Venture - Series Unknown / Sep 17, 2026 | ||
| Deneb Medical is to create innovative, game-changing medical solutions. | $17.1M / Series A / Sep 08, 2026 | ||
| Kumori systems provides cloud management solutions with a focus on Kubernetes and SDLC automation. | $1.7M / Venture - Series Unknown / Jul 29, 2026 | ||
| Multiverse Computing creates quantum computing software that uses probabilistic or nondeterministic technology to solve complicated real-world challenges. The company provides software tailored to the needs of portfolio optimization challenges, risk analysis, and market simulation, giving companies in a variety of industries, including banking,energy, manufacturing, and logistics, the opportunity to benefit from the second quantum revolution. | $569.6M / Series C / Jul 27, 2026 | ||
| Onalabs develops remote, continuous and non-invasive bio-medical devices to monitor through the skin and sweat several vital signs and some biomarkers. Onalabs is the first non-invasive device able to measure some chemical parameters present in sweat using miniaturised biosensors. Its non-invasive products based on wearable formats empower thepatients and their families to measure relevant vital signs and biomarkers anytime and anywhere, allowing them to detect and monitor early stages of possible clinical deterioration, which could prelude in earlier management strategies, resulting in shorter hospital stays and prevention of unnecessary treatments. The solutions are addressed to chronic patients, such as COPD, HF and Diabetes. | $10.6M / Venture - Series Unknown / Jul 24, 2026 | ||
| Impulse Studio is Spain's first large-scale integrated independent studio designed to manage the complete audiovisual production process, from development financing to international distribution and sales. | $4.5M / Venture - Series Unknown / Jul 16, 2026 | ||
| Amuse Animation's two main areas of expertise are high-quality service production for 2D and 3D animation and the development and incubation of original intellectual property (IP) either internally or in partnership with elite toy and content developers. | $7.3M / Venture - Series Unknown / Jul 16, 2026 | ||
| Sherpa.ai, based in Bilbao and Silicon Valley, is a leader in Artificial Intelligence services. Among its AI services are the white-label conversational Digital Assistant, predictive technologies, and the most advanced AI framework applied to data privacy in the world. Plus, Sherpa.ai has been named one of the top 10 leading Artificial Intelligencecompanies in the world, alongside Google, Amazon, Microsoft, and IBM. In 2019, Tom Gruber, founder and ex-CTO of Siri, joined the team; and in 2020, marketing executive Joanna Hoffman, the former Marketing Director at Apple, became part of the team, along with Celestino García, the ex-Corporate Vice President of Samsung and current Vice President of Business Development at Sherpa.ai. Sherpa.ai’s Artificial Intelligence platform is designed to improve companies' results. Sherpa.ai has agreements with companies like Porsche, Volkswagen, Prisa, and Samsung, among others. To learn more about Sherpa.ai: http://www.sherpa.ai/ Sherpa Keynote 2020: https://www.youtube.com/watch?v=uPPvTCxg92o Sherpa.ai’s Response to COVID-19: https://www.youtube.com/watch?v=E65xMrrqwFM | $18M / Venture - Series Unknown / Jul 06, 2026 | ||
| Substrate AI offers artificial intelligence technology for fintech, agriculture, energy, human resource, and student training fields. | $44.6M / Debt Financing / Jun 29, 2026 | ||
| See all 35 investments → | |||
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FAQ
What does SETT invest in?
SETT invests primarily in Software, Artificial Intelligence and Information Technology startups, most often at Venture - Series Unknown and Seed stage. Most of the 35 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does SETT invest in?
SETT typically joins rounds of $1.2M–$28M at Seed, $17M–$71M at Series A and $779k–$35M at Venture - Series Unknown. These are whole funding-round sizes, not SETT's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds SETT took part in.
When did SETT last invest?
The most recent investment recorded for SETT closed in Oct 2026. Shizune tracks 35 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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