Shell, BNP Paribas and PTT Group have all made commitments to the third fund to be raised by energy-focused VC firm Set Ventures, which is targeting an $85.5m close.

Netherlands-based venture capital firm Set Ventures has secured commitments from petroleum producer Shell, energy utility PTT Group and banking group BNP Paribas for a fund with a €75m ($85.5m) target. The fund, Set Fund III, also counts Energiiq and BOM Brabant Ventures, funds managed by Dutch development agencies InnovationQuarter and De Brabant Development Agency, as…

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