Government-backed FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 9 SOURCES

SETT

Public business entity attached to Ministerio para la Transformación Digital y de la Función Pública (Spain)

Also known as Sociedad Española para la Transformación Tecnológica, Sociedad Española para la Transformación Tecnológica, Entidad Pública Empresarial, SETT E.P.E.

Spanish state public business entity (2024) that co-invests equity and loans from EU recovery funds (PERTE Chip, Next Tech, Spain Audiovisual Hub) in tech, semiconductor and audiovisual firms.

HEADQUARTERS: Madrid, Spain
FOUNDED: 2024
AUM: —
OUTSIDE CAPITAL: No — own capital only
TEAM LISTED: 7 people

Focus

STAGES: —
SECTORS: Deep Tech Artificial Intelligence Software & SaaS Media & Entertainment HealthTech Mobility & Logistics Space
ASSET MIX: Direct investmentsPrivate credit
GEOGRAPHY: Spain

Overview

The Sociedad Española para la Transformación Tecnológica (SETT) is a public business entity attached to the Ministry for Digital Transformation and the Civil Service. It is chaired by the Secretary of State for Telecommunications and Digital Infrastructure. Created in July 2024 under Spain's Recovery, Transformation and Resilience Plan, it invests through equity and loans in digital, telecom, microelectronics, semiconductor and audiovisual projects as a co-investor alongside private investors. It manages the PERTE Chip, the Next Tech fund for start-ups and scale-ups, and the Spain Audiovisual Hub facility.

Investment thesis

Acts as a public co-investor that takes stakes alongside private investors in Spanish companies in advanced and transformative technologies: digital transformation, telecoms, microelectronics and semiconductors, disruptive digital technologies and audiovisual.

PORTFOLIO (13)

Nearby Computing
Software & SaaS · since 2026
Multiverse Computing
Deep Tech
Diamond Foundry
Deep Tech
Sateliot
Space
Qilimanjaro
Deep Tech
Wallbox
Mobility & Logistics
Lookiero
Consumer & E-commerce
Fossa
Space
Wooptix
Deep Tech
Nu Quantum
Deep Tech
Substrate AI
Artificial Intelligence
Universal DX
HealthTech
Onalabs
HealthTech

People

Antonio Hernando Vera
President (Secretary of State for Telecommunications and Digital Infrastructure) · source
Francisco Javier Ponce Martínez
Director General · source
Marta Pastor
Secretary General · source
Luis Enrique San José
Chief Financial Officer · source
José Marino García
Director of Capitalisation · source
José Mª García Orois
Director of Business Development · source
María Coronado
Director of Audiovisual · source

Frequently asked questions

SETT is a government-backed fund based in Madrid, Spain, founded in 2024.

Yes. SETT invests its own capital in private companies.

SETT invests in Deep Tech, Artificial Intelligence, Software & SaaS, Media & Entertainment, HealthTech, Mobility & Logistics and Space.

Key people at SETT include Antonio Hernando Vera (President (Secretary of State for Telecommunications and Digital Infrastructure)), Francisco Javier Ponce Martínez (Director General), Marta Pastor (Secretary General) and Luis Enrique San José (Chief Financial Officer).

SETT's investments include Nearby Computing, Multiverse Computing, Diamond Foundry, Sateliot, Qilimanjaro, Wallbox, Lookiero and Fossa, among others.

The most recent publicly reported investment by SETT is Nearby Computing, announced in Sep 2026.

No. SETT invests its own capital and does not raise money from outside investors.