Iran oil shock is already being felt in this energy VC’s portfolio: ‘A record amount of interest’
20 apr. 2026
10:00
One of Europe’s largest early-stage investors in energy says it has seen the Middle East oil crisis translate into measurable growth in its portfolio.
“Corporates are starting to pay attention,” SET Ventures partner Till Stenzel tells Impact Loop.
“Corporates are starting to pay attention,” SET Ventures partner Till Stenzel tells Impact Loop.
Clean energy startups are already seeing increased demand as a result of the Iran crisis, according to SET Ventures, one of Europe’s largest energy-focused venture capital firms.
Galvany, a German heat pump startup in the fund’s portfolio, has seen both lead volumes and conversion speed improve sharply over the past four to six weeks, according to the firm's partner Till Stenzel. He measures the latter by “first time touch conversion” – how many customer visits before a contract is signed.