What is Reel?
Reel operates as a specialized B2B electricity supplier and energy trader, bridging the gap between energy producers and corporate consumers. The company is dedicated to improving the economic value, stability, and environmental impact of renewable energy assets. As a Certified B Corporation, Reel adheres to rigorous standards of social and environmental performance, transparency, and accountability. Its core business model focuses on optimizing the energy transition through sophisticated electricity supply and balancing services, effectively making renewable energy more accessible and commercially viable for enterprise-level clients.
How much funding has Reel raised?
Reel has raised a total of $25.4M across 3 funding rounds:
Other Financing Round
$2.4M
Other Financing Round
$5.4M
Series A
$17.6M
Other Financing Round (2022): $2.4M with participation from Bo Wase, UVC Partners, North-East Family Office, Jürgen Mayerhofer, and The Footprint Firm
Other Financing Round (2024): $5.4M led by Transition Global Management, UVC Partners, and The Footprint Firm
Series A (2026): $17.6M supported by UVC Partners, Future Energy Ventures, and The Footprint Firm
Key Investors in Reel
UVC Partners
UVC Partners is a Munich and Berlin-based venture capital firm that partners with B2B startups across Europe, focusing on early-stage investments up to Series A. They are committed to supporting founders for the long haul, fostering the development of groundbreaking technologies in sectors like renewable energy.
The Footprint Firm
The Footprint Firm is an advisory and investment company focused on sustainability, partnering with organizations to transform sustainability ambitions into actionable impact. They support ambitious founders developing commercially scalable solutions for the green transition.
Future Energy Ventures
Future Energy Ventures is a venture capital firm focused on investing in digital, scalable, and asset-light start-ups that are transforming the energy ecosystem. They provide funding, mentoring, and connections to help portfolio companies grow and succeed in a rapidly evolving energy landscape.
What's next for Reel?
With the successful closure of its latest financing round, Reel is poised to enter a new phase of aggressive market expansion and technological development. The company intends to utilize this capital to deepen its footprint in the European energy market, enhancing its trading algorithms and balancing capabilities to better serve its growing portfolio of corporate clients. As the demand for sustainable energy solutions continues to rise, Reel's strategic focus will likely remain on scaling its asset-light model, fostering deeper partnerships with renewable energy producers, and maintaining its leadership in the green energy transition. The firm's ability to attract high-caliber investors suggests a robust trajectory toward long-term market dominance in the renewable energy trading space.
See full Reel company page
