Post by UVC Partners

We led Reel's pre-seed in 2022. Today, we're doubling down in their Series A. ⚡ 🎉 Reel has closed €15 million in Series A funding, led by Future Energy Ventures, with UVC Partners participating alongside fellow existing investors Transition Ventures and The Footprint Firm. Since we first backed the team, Reel has become one of Europe's fastest-growing energy companies📈 – working with businesses across manufacturing, real estate, media, and hospitality, as well as with renewable energy producers such as Eurowind Energy, Momentum Energy Group A/S, and Green Wind A/S.🍃⚡️ Reel's model works on both sides of the market: 🔹 businesses get predictable electricity costs through long-term Power Purchase Agreements (PPAs) 🔹 renewable energy producers maximize returns via algorithmic trading and battery storage optimization 🔹 more renewable projects get financed, built, and balanced on the grid With this round, Reel scales its model in Germany – Europe's largest and most volatile power market, and central to Europe's push for energy independence. 🇩🇪Germany targets 80% renewables in power consumption by 2030, and Reel is already live here, balancing projects for Blue Elephant Energy GmbH and greenwind. Congratulations to Jon Sigvert, Anders Engtoft Meldgaard, Christian Randløv Schmidt, and the rest of the Reel team. 🙌 @Alexander Kiltz #Energy #Renewables #ClimateTech #SeriesA #Germany #UVCPartners

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