SETT
- Company typePublic
- Founded2024
- HeadquartersMadrid, Colombia
- Headcount1–10
- GTM typeB2B
- OfferingServices
SETT firmographics
Firmographics- Name
- SETT
- Legal name
- Sociedad Española para la Transformación Tecnológica (SETT)
- Website
- https://sett.gob.es
- Company type
- Public
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
SETT industry classification
Industry- Product category
- Sovereign Technology Investment
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- akta.pro primary industry
- Thematic / Sector-Focused Multi-Manager Platforms (FSANAGAH)
- akta.pro secondary industry
- Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)
Keywords
Where SETT is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Colombia
- HQ region
- Latin America
Offices1 record
Markets served
SETT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Equity Investments: SETT generates returns through equity participation in Spanish technology companies, acquiring stakes (up to 49%) in portfolio companies through capital increases. The organization acts as a co-investor alongside private sector partners, mobilizing additional investment into the Spanish technology ecosystem.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
SETT product offering
Product offeringCore offering
SETT is a Spanish Public Business Entity (Entidad Pública Empresarial) that finances and invests in advanced and transformative technologies through three core instruments: PERTE Chip (microelectronics and semiconductors), the Next Tech Fund (disruptive digital technologies), and the Spain Audiovisual Hub Fund. It acts as a proactive co-investor, deploying public capital through equity stakes (typically up to 49%) alongside private investors in Spanish technology companies across semiconductors, AI, quantum computing, digital health, satellite IoT, and the audiovisual sector.
Product overview
SETT (Sociedad Española para la Transformación Tecnológica) is a Spanish public business entity for financing and investment in advanced and transformative technologies, not a product company. It does not develop or sell products or services. SETT executes investment instruments including PERTE Chip (microelectronics and semiconductors), the Next Tech Fund (innovative digital projects and scale-ups), and the Spain Audiovisual Hub Fund (audiovisual sector promotion), all under the Recovery, Transformation and Resilience Plan (PRTR) funded by Next Generation EU.
Differentiator
Problem solved
Functional benefit
Products and services
- PERTE Chip Strategic Project for the Recovery and Economic Transformation of Microelectronics and Semiconductors; financing and investment instrument for Spanish chip design, photonic circuits, semiconductor manufacturing, and sustainable microelectronics companies.
- Next Tech Fund Public investment instrument supporting innovative disruptive digital projects and technology scale-ups in Spain, including AI, quantum computing, cybersecurity, satellite IoT, digital health, and clean tech.
- Spain Audiovisual Hub Fund Public investment instrument supporting and promoting the Spanish audiovisual sector, including film production, animation, gaming, and visual effects studios.
- Direct Co-Investment Capital Direct equity participation service providing minority stakes (up to 49%) via capital increases in Spanish technology companies, executed pari passu with private sector co-investors.
Quantifiable outcome
- Over €1 billion in total investment commitments mobilized across portfolio companies
- +5 more outcomes
Companies that use SETT
Customer profileNamed customers18 records
Segments8 records
Ideal customer profiles2 records
SETT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SETT partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship and core.
- Multiverse Computing Strategic AlliancesflagshipFollowing SETT's investment, Multiverse Computing formed strategic alliances with Cohere (AI), Axelera AI (edge AI hardware), Plain Concepts (Spanish market), Inetum (defense/public sector), and consulting firms EY and PwC for enterprise AI adoption.
- IMEC SpaincoreIMEC Spain is the technology partner for the Semiconductor Center project in Malaga. The international microelectronics company provides technical advice on construction specialties for the cleanroom facility. SETT is working with IMEC to build a 300mm semiconductor prototyping facility with 2,000 m² of clean room space.
- DNEG (Prime Focus Group)coreGlobal VFX and animation leader with over 9,000 employees and multiple Academy Awards. DNEG acquired Canary Islands animation studio Anima Kitchent through a joint investment with SETT via DNEG's ReDefine Originals division.
- CohereflagshipLeading Canadian AI company that has formed strategic alliances with Multiverse Computing as part of SETT's portfolio company ecosystem.
- Axelera AIflagshipEuropean provider of specialized AI hardware working with Multiverse Computing to bring compressed AI models to edge devices.
- Plain ConceptscoreSpanish technology company strengthening Multiverse Computing's presence in Spanish and European markets.
- InetumcoreTechnology consulting firm working with Multiverse Computing on projects in defense and public administration sectors.
- EY and PwCcoreMajor consulting firms collaborating with Multiverse Computing to accelerate adoption of efficient and sustainable enterprise AI.
- Good Films / OrogenflagshipBritish film production corporation Good Films partnering with Canadian/US investment vehicle Orogen to establish Good Films Studios Spain with €40.5 million total investment including SETT's €19.8 million.
- TProtege and OdinS (Spanish), WiseKey (Swiss), SealsQ (French)coreQuantix Edge Security consortium formed by two Spanish companies (including University of Murcia spin-off OdinS), Swiss company WiseKey, and French firm SealsQ, with SETT holding 49% stake.
Scale indicators27 records
Recent moves7 records
Expansion highlights7 records
SETT competitors and assessment
Company assessmentDirect peers
- Bpifrance: French public investment bank that serves as France's primary sovereign vehicle for financing startups, SMEs, and strategic technology sectors. Bpifrance is the closest international analogue to SETT in terms of mandate, scale, and approach to deep tech and industrial investment through co-investment with private capital.
- KfW (Kreditanstalt für Wiederaufbau): German state-owned development bank that operates venture capital and growth equity activities through KfW Capital, with a mandate to support German and European deep tech, including anchor investments in funds like Samaipata alongside SETT. KfW's mission of funding strategic sectors mirrors SETT's role in Spain's tech sovereignty strategy.
- European Investment Bank (EIB): EU-level policy-driven bank that provides venture and growth capital for European strategic technology sectors including semiconductors, AI, and biotech. The EIB sits at the next layer above SETT in the EU capital stack for strategic tech investments, often co-investing alongside national sovereign vehicles like SETT.
- British Business Bank: UK government-backed economic development bank that provides venture and growth capital to UK high-growth businesses through programs like the British Patient Capital program. Directly comparable to SETT as a government-owned patient capital vehicle for domestic tech ecosystem building.
- Israel Innovation Authority: Israeli government agency that provides funding and incentives to deep tech and innovation-driven companies across semiconductors, AI, quantum, and life sciences. Comparable to SETT in operating a government-backed mandate to invest in strategic technology sectors with significant co-investment requirements from private capital.
- CDP Equity: Italian sovereign strategic investor (controlled by Cassa Depositi e Prestiti) that makes equity investments in strategic Italian companies across technology, infrastructure, and industrial sectors. Functions as Italy's closest counterpart to SETT in deploying state capital for strategic autonomy objectives.
Broad incumbents
- Mubadala Investment Company: UAE sovereign wealth fund that makes strategic equity investments in technology, semiconductors (including GlobalFoundries), and AI globally. Comparable as a state-backed strategic investor operating with sovereign capital, though Mubadala's scale and global mandate significantly exceed SETT's.
- Public Investment Fund (PIF) Saudi Arabia: Saudi Arabia's sovereign wealth fund that has made large strategic investments in technology including AI, semiconductors, and AV infrastructure. PIF shares the sovereign-mandate-and-tech-strategic-investment archetype with SETT, though at significantly greater scale and broader geographic scope.
- Temasek Holdings: Singapore sovereign wealth fund that invests globally across technology, financial services, and strategic sectors with a long-term horizon. While much larger and globally diversified than SETT, Temasek represents the same sovereign-investor archetype applying patient capital to strategic sectors, including deep tech and semiconductors.
Regional players
- Caixa Capital Risc: Spanish venture capital arm of "la Caixa" Banking Foundation, one of Spain's most active early-stage tech investors. Comparable to SETT as a Spanish institutional investor in deep tech, though Caixa Capital Risc operates as a private-sector-aligned fund rather than a sovereign policy vehicle.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
SETT social profiles
Digital presenceSETT financial estimates
Financial estimateRevenue estimate
Valuation estimate
SETT leadership team
Management profileNumber of profiles
Profiles8 records
SETT subsidiaries and ownership
Company hierarchySubsidiaries18 records
SETT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SETT M&A and investment
M&A and investmentM&A
Investments38 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SETT
What does SETT do?
SETT is a Spanish Public Business Entity (Entidad Pública Empresarial) that finances and invests in advanced and transformative technologies through three core instruments: PERTE Chip (microelectronics and semiconductors), the Next Tech Fund (disruptive digital technologies), and the Spain Audiovisual Hub Fund. It acts as a proactive co-investor, deploying public capital through equity stakes (typically up to 49%) alongside private investors in Spanish technology companies across semiconductors, AI, quantum computing, digital health, satellite IoT, and the audiovisual sector.
Is SETT a public or private company?
SETT is a public company. It is classified as state government owned and is currently operating.
When was SETT founded?
SETT was founded in 2024. It employs 1 to 10 people.
Where is SETT based?
SETT is headquartered in Madrid, Colombia, in the Latin America region.
How does SETT make money?
One revenue line is on record: equity Investments.
Who are SETT's main competitors?
Direct peers on record are Bpifrance, KfW (Kreditanstalt für Wiederaufbau), European Investment Bank (EIB), British Business Bank, Israel Innovation Authority and CDP Equity. Broad incumbents are Mubadala Investment Company, Public Investment Fund (PIF) Saudi Arabia and Temasek Holdings. Caixa Capital Risc is listed as a regional player.
Does SETT have an API?
No public API is recorded for SETT.
What industry is SETT in?
SETT's product category is Sovereign Technology Investment. Its primary akta.pro industry code is FSANAGAH, Thematic / Sector-Focused Multi-Manager Platforms, with a secondary code of BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance). Its NAICS code is 525.