Participated · Series C · Jul 2026

Founded in 2019 in San Sebastián, Multiverse Computing builds AI solutions inspired by quantum computing techniques—notably tensor-network approaches—to compress large language models and produce energy-efficient AI. The company says its technology can reduce model size and energy use by up to 95%, deliver 4x–12x faster inference, and cut costs by 50%–80%, enabling deployment on constrained devices like smartphones, laptops and satellites. Multiverse has launched a new generation of optimized models, including an open-source model and a family of compressed models designed for resource-limited environments. It has formed strategic partnerships with firms such as Cohere, Axelera AI, Plain Concepts, Inetum, EY and PwC to accelerate adoption in finance, energy, logistics, space, health and defense. Financially, Multiverse closed a €189M Series B in June 2025 (led by Bullhound Capital and including SETT and other investors) and is currently finalizing a larger round that could total €500M, backed in part by a €107M SETT commitment.

Led · Equity · Jul 2026

Hyperion Robotics combines robotics, automation and artificial intelligence to manufacture infrastructure components in factory settings located close to project sites. Its Forge platform integrates design, structural engineering, code compliance, robotics and factory operations into a single system that controls its robotic microfactories. The company says its approach can produce components up to three times faster, reduce costs by up to 50%, cut carbon emissions by up to 70% and use up to 75% less material compared with conventional construction methods. With the new funding, Hyperion plans to scale microfactories across Europe and launch Forge I, its first UK facility in Flixborough near Scunthorpe, in partnership with LKAB. The company intends to serve sectors including energy, utilities, water, data centres and carbon capture while continuing development of the Forge platform.

Participated · Series A · Jul 2026

Proxima Fusion is Europe’s leading stellarator company and the first spin-out from the Max Planck Institute for Plasma Physics, developing commercial fusion power plants using the QI-HTS stellarator concept. The company is building Alpha, a net-energy stellarator demonstrator targeted for the early 2030s, and plans a follow-on commercial plant called Stellaris later in the decade. Proxima leads the Alpha project in partnership with the state of Bavaria, the Max Planck Institute for Plasma Physics and industrial partners including RWE, supported by an Alpha Alliance of more than 50 companies. Headquartered in Munich with offices in Zurich and Oxford, Proxima employs around 200 people across engineering, science and operations. Financially, Proxima has secured more than €650 million in funding to date, including about €95 million in public grants, and plans to expand engineering, manufacturing and magnet production capabilities as it advances toward demonstrator completion.

Participated · Series A · Jun 2026

Focused Energy develops laser-based fusion technology and was founded in 2021 as a spin-off of Technical University Darmstadt. Headquartered in Darmstadt, the company also maintains offices in Berlin, Austin, and San Francisco. It positions itself as a world-leading laser fusion company and aims to translate scientific fusion advances into industrial value creation. The company recently raised $240 million in a Series A—the largest fully secured Series A in the fusion industry—to accelerate system development. Focused Energy plans to deploy the capital at the former RWE power plant site in Biblis, Hesse, using the site’s infrastructure and RWE’s expertise to establish a blueprint for industrial laser fusion. Leadership has stated this financing will help the company expand its lead in laser fusion and commit to long-term industrial implementation in Europe.

Participated · Grant · Jun 2026

DEScycle develops a distributed, modular metals recovery platform that uses proprietary ionometallurgy and eco-friendly deep eutectic solvents to extract critical and precious metals from underutilised waste streams, starting with electronic waste. The company positions its modular units as lower-capex, lower-energy alternatives to traditional smelting, enabling metals recovery closer to waste generation and faster returns on capital. DEScycle is progressing construction of a demo plant in Teesside with a planned launch in H2 2026 and intends to operate the demo longer to generate data and refine designs. It has secured strategic and commercial validation from partners including Mitsubishi, GAP Group and Cisco, with GAP and Cisco confirmed for customer trials in 2026. Financially, DEScycle has combined more than €10M in competitive non-dilutive grants from EU Horizon, SPRIND, the EIC Accelerator, Innovate UK and UKRI, and raised a €12.2M Series A in November 2024. The company is also working on digital product passports to provide traceability and provenance for recovered metals as it moves toward industrial validation and commercial scale-up.