ABN AMRO has announced that it is investing in SET Fund IV, a fund focused on technology companies that help accelerate the energy transition to a zero-carbon society. The fund, managed by SET Ventures, aims to provide growth capital to innovative enterprises to help them become successful market leaders. This is ABN AMRO’s third climate-related fund investment. This investment aligns with ABN AMRO’s climate strategy, where the bank is investing a total of EUR 1 billion in startup capital to finance the transition to a sustainable economy.
The collaboration between ABN AMRO and SET Ventures underlines the growing importance of venture capital in bridging the gap between pioneering startups and traditional financial institutions. The aim is to foster a new generation of companies that will play a key role in achieving a zero-carbon energy system. The investment will also enhance ABN AMRO’s knowledge and network in the energy and digital transition sectors.
In addition to this investment, ABN AMRO has recently acquired BUX, a neobroker, to improve its digital offering and strengthen its position in the retail investment market. ABN AMRO has also entered a collaboration with Motive Partners to support innovation and growth in the fintech landscape. The collaboration allows Motive Ventures to manage the ABN AMRO Ventures Fund, consisting of 15 early-stage companies. ABN AMRO has become a significant investor in Motive-managed vehicles.
