Munich-based energy services startup Reshape Energy has secured €5 million in funding to accelerate its expansion across Europe, enhance its technology platform, and streamline energy optimization for commercial property owners. The funding round was backed by a mix of industry insiders, the founding team, PostScriptum Ventures, and Vireo Ventures, a European early-stage VC firm specializing in electrification and digitalization.
Tackling a Fragmented Market
The commercial building energy sector is riddled with inefficiencies, forcing property owners to juggle multiple service providers, navigate complex manual processes, and struggle with limited financing options. Reshape Energy aims to change that by consolidating services into a seamless, one-stop solution for energy assessment, financing, implementation, and long-term optimization.
“Today’s market is fragmented and inefficient,” said Andrew Mack, CEO of Reshape Energy. “Property owners face a patchwork of providers and manual processes, making energy optimization costly and complex. Our approach is to integrate businesses across the value chain, equipping them with state-of-the-art digital tools, access to capital, and strategic direction.”
A Proven Team and a Multi-Billion-Euro Opportunity
Founded in 2024, Reshape Energy is led by a seasoned team with deep expertise in the energy sector. Its co-founders—including Alan Clifford, Andrew Goodwin, Andrew Mack, Gerard Reid, Benjamin Stanzl, and Markus Wiendieck—have previously launched and scaled successful ventures such as Octopus Energy’s German business and Verivox. Their combined experience positions Reshape Energy to capture a multi-billion-euro market opportunity fueled by rising energy costs and increasing regulatory pressures on property owners.
Focusing initially on Germany, the company has already made strategic acquisitions, including an energy consulting firm and a commercial solar planning, installation, and maintenance business. With these acquisitions, Reshape Energy is setting the stage for further European expansion.
Investor Confidence in a Sustainable Future
Investors are betting on Reshape Energy’s innovative approach to modernizing building energy services. “Reshape Energy has adopted a forward-thinking strategy, and we are excited to support their continued growth,” said Mischa Wetzel, Partner at Vireo Ventures. “Their deep industry knowledge and commitment to sustainability align perfectly with our investment philosophy.”
With its latest funding, Reshape Energy is poised to scale its impact, helping commercial property owners reduce costs, enhance property values, and meet sustainability goals. As the company continues its European expansion, it is set to play a crucial role in driving the continent’s energy transition.
