When was SETsquared founded?

SETsquared was founded in 2002.

Where is SETsquared's headquarters located?

SETsquared's headquarters is located in Bath (United Kingdom).

How big is SETsquared's investment team?

SETsquared has a team of 32, including 8 partners.

How many companies has SETsquared invested in?

SETsquared has invested in 444 companies, including Crowdcube & Tekever.

Which companies has SETsquared invested in lately?

Dyman & Kelpi are the latest investments by SETsquared.

How many exits has SETsquared been involved in?

SETsquared's portfolio has seen 4 IPOs and 40 acquisitions.

How many unicorns are there in SETsquared's portfolio?

There is 1 unicorn in SETsquared's portfolio.

SETsquared - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Crowdcube

Equity-based crowdfunding platform for businesses and startups. Users can invest in startups and growing businesses in exchange for shares of the company. Users can own fractions of a share using the platform. The platform focuses on investments across a variety of industries, including food and beverage, fintech, the internet, and consumer goods. Investors can also look at potential investment options and learn about tax benefits.

Key facts about Crowdcube

Founded Year: 2010
Location: Exeter (United Kingdom)
Annual Revenue: £10M - £50M as on Dec 31, 2022
Valuation: $*****
Stage: Series C
Total Funding till date: $62.9M
Employee Count: 121 as on Sep 30, 2026
Investors: Draper Esprit, Molten Ventures and 30 Others
Latest Funding Round: Series C, Nov 23, 2021, $*****
Highlight: Editors' Pick

2. Tekever

Manufacturer UAVs and software products for military and enterprise applications. Its drones include fixed-wing and one quadcopter models. These UAS are specifically designed for anti-terrorist surveillance, battleground ISTAR, and environmental surveillance. It also offers an AI-enabled aerial data analytic platform. It caters to military, marine, and GIS industries.

Key facts about Tekever

Founded Year: 2001
Location: Lisbon (Portugal)
Valuation: $*****
Stage: Series D
Total Funding till date: $677M
Employee Count: 976 as on Sep 30, 2026
Investors: Baillie Gifford, Lakestar and 9 Others
Latest Funding Round: Series D, Sep 23, 2026, $*****
Highlight: Editors' Pick

3. OnCorps

Developer of AI platform for fund operations and reporting reviews. The platform offers specialized agents focused on financial transactions, indexing data from various sources. It provides tools for accounting oversight and reporting review systems. The platform also tracks agent and algorithm performance, ensuring data integrity.

Key facts about OnCorps

Founded Year: 2011
Location: Boston (United States)
Stage: Series C
Total Funding till date: $60.8M
Employee Count: 64 as on Sep 30, 2026
Investors: Fidelity Investments, Goldman Sachs Investment Partners and 7 Others
Latest Funding Round: Series C, Dec 11, 2025, $*****

4. Wordpress

Provider of website hosting, domain name registration, and website building. It offers tools for creating websites, blogs, and online stores. Services include domain registration, website themes, and various plugins. The platform provides options for website design, email, and marketing.

Key facts about Wordpress

Founded Year: 2005
Location: United States
Stage: Public
Total Funding till date: $28K
Employee Count: 1 as on Sep 30, 2026
Investors: Orange, 8200 EISP and 11 Others
Latest Funding Round: Seed, Nov 14, 2017, $*****
Highlight: Public

5. Moneyhub

Personal finance management tools for individuals and enterprises. It enables users to link bank accounts, investments, assets, and payment cards for receiving a real-time financial overview. It provides an app-based platform that is available on iOS and Android devices.

Key facts about Moneyhub

Founded Year: 2011
Location: Bristol (United Kingdom)
Valuation: $*****
Stage: Series C
Total Funding till date: $83.6M
Employee Count: 100 as on Sep 30, 2026
Investors: Phoenix Group, Nationwide and 7 Others
Latest Funding Round: Series C, Dec 19, 2022, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

SETsquared has invested in 444 companies over the last 12 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Dyman.

View all investments by SETsquared

SETsquared has made 2 investments in Grant (prize money) stage with an average round size of $142K and 1 investment in Seed stage with an average round size of $1.05M.

Here are SETsquared's investments by stage:

Stage of entry	No. of Investments
Grant (prize money)	2
Seed	1

Note: We have considered here, only first round of investments

View all investments by SETsquared

SETsquared has a diverse portfolio, with companies operating in the Chemicals and Materials Tech, High Tech, Enterprise Applications, Environment Tech and Sustainability Tech. Notably, it has invested in 246 Tech companies, 232 Enterprise (B2B) companies, 157 Software companies and at least 68 companies focusing on Saas.

Here are SETsquared's investments by sector:

Sector	No. of Investments
Chemicals and Materials Tech	2
High Tech	2
Enterprise Applications	1
Environment Tech	1
Sustainability Tech	1

Note: We have considered here, only first round of investments

View all investments by SETsquared

SETsquared has made most investments in United Kingdom (3).

View all investments by SETsquared

SETsquared has not made any investment in 2026 so far.

Here are the most recent investments by SETsquared:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jul 07, 2022	Dyman	United Kingdom	Seed	2485	NorthInvest [+1]
Oct 27, 2021	Kelpi	United Kingdom	Grant (prize money)	9784	-
Feb 10, 2014	neighbourly	United Kingdom	Grant (prize money)	9529	-

See more recent investments made by SETsquared

SETsquared has 1 unicorn in its portfolio - Tekever. The most recent unicorn in their portfolio is Tekever which became a unicorn in 2025, 1 years before SETsquared first invested in it.

Here is a list of unicorns in SETsquared's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
69	Tekever	Manufacturer UAVs and software products for military and enterprise applications	2001	High Tech [+1]	Lisbon	Series D	veliafg

View more details about unicorns in SETsquared's portfolio

4 of SETsquared's portfolio companies have become public. Ilika got listed on the London Stock Exchange (LSE), in May 2010 at marketcap of $27.1M and Wordpress got listed on the Bombay Stock Exchange (BSE).

Here are SETsquared's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Ilika	May 14, 2010	-	-	5867
Wordpress	Oct 09, 2009	-	-	4279
Synairgen	Oct 26, 2004	-	-	3465
RoodMicrotec	Jul 22, 1994	-	-	6485

View more details about public companies in SETsquared's portfolio

40 companies from SETsquared's portfolio have been acquired. The most recent acquisition was Ultraleap in Nov 2025 by ROLI for $*****.

Here are SETsquared's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Ultraleap	Nov 11, 2025	-	-	5097
Tickitto	Mar 25, 2025	-	-	8641
StatsBomb	Aug 12, 2024	-	-	1960
InPhase	Apr 23, 2024	-	-	8557
Fathom Global	Dec 14, 2023	-	-	9720

View all acquired companies in SETsquared's portfolio

SETsquared has a team of 32 members including 8 Partners, 2 Venture Partners and 7 Principals located in United Kingdom. SETsquared's team does not sit on the board of any company as of now.

Here is a list of top team members in SETsquared:

Name	Designation	Location	Board Memberships	Contact Details
Emily Davies	Partner	Exeter	-	-
Paul Devlin	Partner	Edinburgh	-	-
Marty Reid	Partner	Bristol	-	1 Email
Ben Woods	Partner	-	-	-
Michele Barbour	Partner	Bristol	-	-
Charlotte Watson	Partner	Guildford	-	1 Email
Rhys Pearce-Palmer	Partner	Cardiff	-	-
Janet Fernihough	Partner	Bath	-	-
Becky Sage	Venture Partner	Bristol	-	-
Kevin Simmons	Venture Partner	Bristol	-	1 Email
Serena Giaminardi	Principal	Bath	-	1 Email

View team details of SETsquared

Over the past 12 years, 14 investors have co-invested in SETsquared's portfolio companies. This includes funds and angels.

Invested before SETsquared: e2e ventures and NorthInvest have invested in rounds before SETsquared. There is 1 company where e2e ventures has invested before SETsquared and 1 company where NorthInvest has invested before SETsquared.
Top Co-investors of SETsquared: 2 investors entered a company along with SETsquared. These include investors like Bristol Private Equity Club (1 company).
Invested after SETsquared: A total of 10 investors have invested in SETsquared's portfolio after their investments. Top Investors include Science Creates (1 company) and OnePlanetCapital (1 company).