Copenhagen-based energy tech company, Reel, has secured €5 million in funding to disrupt Europe’s electricity market. The investment was led by Transition, a venture capital fund focused on companies driving the climate transition, with participation from existing investors UVC Partners and The Footprint Firm, as well as energy specialists and successful founders including the Chief Project Development Officer of Climeworks and the Co-founder of Netlify. Reel will use the funding to scale its model for B2B renewable electricity supply across Europe. The company offers an alternative to conventional methods of purchasing renewable energy, such as Guarantees of Origin or Renewable Energy Certificates, which are criticized for not leading to actual CO2 reductions. Reel’s solution enables companies of all sizes to access fixed-cost electricity and contribute to the renewable energy transition.
Reel: Energizing Europe’s Electricity Market with €5 Million Boost
Latest from Blog
Arch Venture Partners secures over $3bn for Fund XIII
TLDR: Arch Venture Partners has raised over $3 billion for Fund XIII. Investors in the fund include Alaska Permanent Fund and Rockefeller Brothers Fund. In a recent development, Arch Venture Partners has
Raising Your First Venture Fund: Tips for Success
TLDR: Samir Kaji, a seasoned venture capital professional, shares a six-point plan for raising a venture fund as a first-time fund manager. Key steps include staying focused on a niche, not worrying
Exploring China’s Quantum Computing Breakthrough and VC Trends
TLDR: ONCO stock surged over 80% in pre-market after Altos Venture acquired a stake Chinese low float stocks like DUO rose over 40% in sympathy with large caps Summary: The article discusses
The Blindspot: Venture Capitalists’ Go-To Tool with Fatal Flaw
TLDR: Nader Al-Naji, founder of Bitclout, was arrested for an alleged crypto scam involving VC giant Andreessen Horowitz as a victim. VCs’ pattern matching led them to invest in Al-Naji despite red
Korean startups seek corporate investors in challenging ecosystem climate
TLDR: Korean startups are seeking corporate investors as funding becomes harder to secure. The government in South Korea has relaxed CVC rules to attract more foreign investment. Korean startups are facing a