€15 million Series A: Reel scales electricity supply and trading model into Germany

Copenhagen, Denmark – May 5, 2026. UVC Partners has participated in a €15 million Series A round for its portfolio company Reel, the Copenhagen-based electricity supplier and trader. The round was led by Berlin-based Future Energy Ventures, with further participation from existing investors Transition and The Footprint Firm. The capital will support Reel's expansion in Germany, Europe's largest power market.

Germany faces some of the highest electricity price volatility in Europe – driving up costs for businesses and undermining returns for renewable energy producers. Reel is now scaling its model in Germany, helping businesses and renewable energy producers manage price volatility and maximize returns through Power Purchase Agreements (PPAs), algorithmic trading and battery storage optimization.

“Germany is the defining energy market of this decade – the scale of transition required is enormous, and the window to get it right is narrow. Reel has built something rare: a model that makes renewable energy profitable for producers, predictable for businesses, and manageable for the grid. That’s what Germany needs right now, and why we backed Reel.” Ohad Mamann, Investment Partner, Future Energy Ventures

Proven in Denmark, scaling in Germany

For businesses, Reel provides access to electricity from the right mix of solar, wind and battery storage, stabilizing electricity costs. For energy producers, Reel’s algorithms trade electricity across markets in real time, maximising returns and locking in the revenues needed to finance new projects.

Since 2023, Reel has become one of Europe’s fastest-growing energy companies. Its customers include businesses in sectors ranging from manufacturing and real estate to media and hospitality, and energy producers like Eurowind Energy, Momentum Energy Group, and Green Wind.

“Reel gives businesses predictable electricity costs and energy producers better returns on their renewable energy assets. When both sides of the market work, new renewable energy projects get built – and that’s what moves the energy transition forward.” Anders Engtoft Meldgaard, CCO, Reel

Tackling Germany’s energy independence gap

Germany’s energy transition is at a turning point. It is central to Europe’s push for energy independence, but high price volatility, changing subsidies, and falling project returns are holding back both sides of the market. Businesses struggle to plan around unpredictable costs and energy producers must secure new revenues for planned and existing projects. This risks slowing renewable energy build-out at a time when Europe’s dependence on imported fossil fuels is acutely exposed.

What’s needed is a model that helps both businesses and energy producers navigate this market: smarter trading, better risk management and long-term contracts that make renewable energy predictable for businesses and profitable for producers to build and operate.

“Renewable energy is Europe’s path to energy independence – but only if the economics work for everyone. High price volatility and falling project returns risk slowing the build-out at exactly the wrong moment. We’ve helped Danish businesses and energy producers keep renewable energy profitable and predictable. Now, we’re scaling that model in Germany, together with the expertise of Future Energy Ventures.” Jon Sigvert, CEO, Reel

“When we first backed Reel in 2022, we saw a rare combination: a deep understanding of how power markets actually work, paired with the conviction to build a model that aligns producers, businesses, and the grid. Watching them prove that model in Denmark and now bring it to Germany – Europe’s most consequential energy market – is exactly the trajectory we hoped for. Reel is solving the economic problem at the heart of the energy transition, and Germany is where that matters most.” Alexander Kiltz, Principal, UVC Partners

Reel is already live in Germany, balancing renewable energy projects for producers including Blue Elephant Energy and greenwind. The company plans to have a commercial team on the ground in 2026, with further European markets to follow.

This raise follows Reel’s €5 million seed round in 2024, led by Transition, and a €2.3 million pre-seed round in 2022, led by UVC Partners. Reel’s investors also include The Footprint Firm, Daniel Nathan (Chief Project Development Officer of Climeworks), Juergen Mayerhofer (CEO of enspired), and Christian Bach (Co-founder of Netlify).

About Reel

Reel is an electricity supplier and energy trader built to accelerate the energy transition. We make renewable energy more valuable, more stable, and more accessible - for businesses and energy producers alike.

About Future Energy Ventures

Future Energy Ventures (FEV) is a globally active venture capital advisor focused on digital and asset-light infrastructure solutions that accelerate the transition to renewable energy. Founded by experts from European energy companies RWE and E.ON, FEV combines industry expertise with capital markets capabilities to enable impactful investments. Acting as both advisor and operator, FEV works at the interface of traditional energy and an electrified society, with a clear focus on decarbonization goals. Since 2016, FEV has partnered with companies developing technologies in renewable energy, energy storage, grid modernization, and energy access.

About UVC Partners

UVC Partners backs Europe’s most ambitious B2B tech founders building new category leaders. From DeepTech to AI, the firm has invested in breakout startups including Isar Aerospace, Proxima Fusion, Q.ANT, Aleph Alpha, Tacto, Flix, and FINN. 

With more than €700 million in assets under management, UVC Partners invests up to €15 million initially across multiple stages from early to growth. Over the lifetime of the investment, €30 million per company can be deployed. 

Beyond capital, UVC Partners' investment team is a "tech team for tech teams" – supporting founders in building and scaling market-leading companies. Through its unique access to UnternehmerTUM – Europe's leading innovation hub – the VC offers a powerful ecosystem of entrepreneurs, key corporate decision-makers, and top-tier researchers. UVC Partners' value-creation team provides direct access to a network of 1,000+ companies – potential customers and strategic partners.

For more information, visit uvcpartners.com.