About Reel
Reel is a company based in Copenhagen (Denmark) founded in 2020 by Anders Engtoft Meldgaard.. Reel has raised $7.85 million across 2 funding rounds from investors including Transition VC, UVC Partners and The Footprint Firm. The company has 25 employees as of November 30, 2024. Reel operates in a competitive market with competitors including EC Network, GSOL Energy, ENZEE Commodities, New Power Partners and Soleia, among others.
- Headquarter Copenhagen, Denmark
- Employees 25 as on 30 Nov, 2024
- Founders Anders Engtoft Meldgaard
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Reel Aps
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$7.85 M (USD)
in 2 rounds
-
Latest Funding Round
$5.45 M (USD), Series A
Dec 29, 2023
-
Investors
Transition VC
& 5 more
-
Employee Count
25
as on Nov 30, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Reel
Reel has successfully raised a total of $7.85M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.45 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.4M
-
First Round
First Round
(23 Jun 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Reel | Valuation | Transition VC | |
| Jun, 2022 | Amount | Seed - Reel | Valuation | UVC Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Reel
Reel has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Transition VC, UVC Partners and The Footprint Firm. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Energy transition investments and carbon offset initiatives in India.
|
Founded Year | Domain | Location | |
|
Investments are directed toward enterprise software, mobility, and industrial technologies.
|
Founded Year | Domain | Location | |
|
The Footprint Firm is focused on sustainability through advisory and investment.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Reel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Reel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Reel Comparisons
Competitors of Reel
Reel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EC Network, GSOL Energy, ENZEE Commodities, New Power Partners and Soleia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sustainable energy and environmental consulting services are delivered globally.
|
|
| domain | founded_year | HQ Location |
Commercial and residential solar projects are developed and constructed.
|
|
| domain | founded_year | HQ Location |
Energy trading firm focusing on renewables, net zero, and market innovation.
|
|
| domain | founded_year | HQ Location |
Offers project management for offshore wind, green transition, and site solutions worldwide.
|
|
| domain | founded_year | HQ Location |
Supplies and installs renewable energy products for sustainable solutions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Reel
Frequently Asked Questions about Reel
When was Reel founded?
Reel was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Reel located?
Reel is headquartered in Copenhagen, Denmark.
Is Reel a funded company?
Reel is a funded company, having raised a total of $7.85M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Jun 23, 2022.
How many employees does Reel have?
As of Nov 30, 2024, the latest employee count at Reel is 25.
What does Reel do?
Detailed insights into Reels operations, sectors, or solutions are not provided on the website. No specific information regarding the companys focus or offerings is available from the given content.
Who are the top competitors of Reel?
Reel's top competitors include GSOL Energy, EC Network and ENZEE Commodities.
Who are Reel's investors?
Reel has 6 investors. Key investors include Transition VC, UVC Partners, The Footprint Firm, Christian Bach, and North-East.