Reel secures
seed funding of EUR 5m


Reel secures seed funding of EUR 5m

The green tech start-up Reel has secured a EUR 5m seed funding from several prominent investors, including the climate-focused venture capital fund Transition and existing investors UVC Partners and The Footprint Firm.

The purpose of the investment is to accelerate the international expansion of Reel’s unique technology-based solution that ties businesses’ electricity purchase to the construction of new solar and wind farms, helping businesses in their transition to renewable energy. The company aims at becoming Europe’s leading renewable energy supplier for businesses.

Accura advised Reel in connection with the investment round.