Denmark · Utilities startup

Reel

Reel is a Copenhagen-based B2B electricity supplier and energy trader, founded in 2020 to support the renewable energy transition for climate-conscious companies.

Funding reportedLast round: Seed

UtilitiesCopenhagen, Denmark

About Reel

Reel is a Copenhagen-based B2B electricity supplier and energy trader, founded in 2020 to support the renewable energy transition for climate-conscious companies.

The company aims to empower businesses to procure genuinely renewable electricity, helping to reduce emissions and decarbonize electricity grids. Reel operates as a privately held company with a team of approximately 25 employees and has raised around $7.9 million in funding. Reel's core offerings include structuring long-term Power Purchase Agreements (PPAs) that align corporate electricity consumption with new solar and wind energy projects. This ensures that the electricity supplied is newly generated and helps customers stabilize energy costs while minimizing their carbon footprint. Additionally, Reel provides energy trading and balancing services, data-driven optimization tools, and battery storage solutions to enhance the predictability and accessibility of renewable energy for businesses of all sizes. The company is certified as a B Corporation, reflecting its commitment to social and environmental performance.

What company datasets say Reel raised

Funding, as reported

Reported in all17.6Min the source's currency
Rounds2
Last roundSeed
Last round size16.5M
Last round dateJan 2024
Investors listed8

Founders and team

From Reel's own website: 3 founders.

Jon SigvertCEO, Co-founder
Christian SchmidtCTO, Co-founder
Anders MeldgaardCCO, Co-founder

On 2 portfolio pages

Investors who name them

Each firm lists Reel on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

clean energy & technologycustomer engagementelectric power generationconstruction & real estaterenewable energy certificatesfixed-price electricityutilitiesfinancial servicesfinanceenergy project financingenvironmental servicessustainabilityenergy cost stabilizationgrid decarbonizationclimate impactclimate science-based energy solutions

Built with from their website

Google Tag ManagerExcel ImpactAmazon CloudFrontSalesforce CRM AnalyticsHREF LangGoogle CloudLinkedin Insight TagGoogle AdsClarity SDMCloudFlare

+8 more

Viewport MetaLinkedIn AdsGoogle DriveIBM ILOG CPLEX Optimization StudioGoogle Cloud BigQueryHubspotPhoenix FrameworkPostgreSQL

Sector
Utilities
Industry code
NAICS 22111, 221122, SIC 4939, 4911
Region
Capital Region of Denmark
Full record
Every detail in the company directory

Utilities in Denmark

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