Danish Startup Reel Raises $16.4M Series A to Expand Renewable Energy Services in Germany

Deal Summary

Copenhagen-based energy tech company Reel announced a $16.4M Series A round led by Future Energy Ventures, with participation from UVC Partners, Transition Ventures and The Footprint Firm, as well as angel investors. The funding will support Reel’s expansion into Germany, product development, and growth of its commercial team to accelerate renewable energy adoption.