Danish Reel raises €15 million Series A to expand renewable energy services in Germany

Reel, a Copenhagen-based energy technology company, has raised €15 million in a Series A round led by Future Energy Ventures, with participation from UVC Partners, Transition Ventures, The Footprint Firm, and a group of angel investors. The platform helps businesses secure more predictable electricity costs while improving returns for renewable energy producers. Having established its model in Denmark, Reel plans to use the new funding to expand its presence in Germany, Europe’s largest energy market, refine its products, grow its renewable energy portfolio, and build out its commercial team as it seeks to accelerate renewable energy adoption across the region. Founded to help businesses and renewable energy producers navigate...

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