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
VCFA Group Closes $1225M Venture Partners VII Fund
TLDR: VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space VCFA Group, a pioneer in
VCFA Group’s Venture Partners VII Fund Raises $1225 Million
TLDR: VCFA Group closed its latest fund, VCFA Venture Partners VII, with $122.5 million in commitments. The fund focuses on smaller and more complex purchases of later-stage venture capital and growth equity
Revolutionizing Payments: $20M Raised for Stablecoin Network Development
TLDR: 1Money has raised over $20 million in seed funding to develop a stablecoin payments network. The network aims to offer instant transaction confirmation, low-cost fees, multicurrency support, compliance mechanisms, and scalability.
Top AI Trends and Startups Shaping 2025 and Beyond
“`html TLDR: Israel is excelling in applicative and vertical AI, focusing on practical solutions in cybersecurity, healthcare, and defense rather than competing with tech giants in foundational AI models. Five key AI
Sand Hill Road: Steve Vassallo’s Early Investment Edge at Foundation Capital
“`html TLDR: Steve Vassallo, a general partner at Foundation Capital, focuses on early-stage investments, often being the first institutional investor for startups. He emphasizes the importance of owning a significant stake in
