The Copenhagen-based electricity supplier and energy trader Reel has raised EUR 15m in a Series A funding round led by Berlin-based Future Energy Ventures, with participation from existing investors UVC Partners, Transition and The Footprint Firm.
The funding will be used to support Reel’s expansion in Germany, Europe’s largest power market, where high electricity price volatility drives up costs for businesses and undermines returns for renewable energy producers.
Reel is already live in Germany, balancing renewable energy projects for producers, and the company plans to have a commercial team on the ground in 2026, with further European markets to follow.
Accura advised Reel in connection with the investment, and has been advising Reel on all legal matters since its inception.