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Andel Energi

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Dansk Bredband AS, a Denmark-based broadband services provider

Svinninge, DenmarkFounded 1912Telecom
Valuation $50–100M Last recorded · 2004
Revenue $100–500M Latest reported FY
Headcount 500–1k Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Andel Energi and the history behind them.

About Andel Energi

The story of Andel Energi is not one of a typical startup, but of consolidation and cooperative power. Its roots go back over a century with the founding of regional Danish energy companies like Sydsjællands Elektricitets Aktieselskab (SEAS) in 1912 and Nordvestsjællands Elektricitetsværk (NVE) in 1913. These entities were formed with a mission to provide electricity to their local communities. For decades, they operated independently, building the foundational energy infrastructure in their respective parts of Denmark. A significant turning point came in 2005 when SEAS and NVE merged to form SEAS-NVE. This created a much larger, customer-owned energy company. This cooperative structure, where the customers are also the owners, is a core part of its identity. The new entity continued to grow, expanding its services beyond just electricity to include fiber-optic broadband and energy consulting. The modern Andel Energi began to take shape through a major strategic acquisition. In 2019, SEAS-NVE acquired the residential customer business and the electricity distribution network of Radius from energy giant Ørsted for a substantial sum. This move significantly increased the company's scale. Following this, in 2020, the company rebranded from SEAS-NVE to Andel, a name reflecting its cooperative heritage. Today, as a key part of the Andel group, Andel Energi is Denmark's largest energy company, serving over 1.2 million customers with a focus on green transition and renewable energy solutions.

Source: Dealroom company data

At a glance

Status
Operational
Founded
1912
Headquarters
Svinninge, Denmark
Employees
502
Open positions
None listed
Dealroom signal
36.5/100
Industry
Telecom
Sector
Telecom, Horizon Europe
Client focus
b2b, b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Nov 2004 $14M $54M Energi Fyn Holding AS —
EARLY VC✓Equity / VC Nov 2003 $7M $28M Undisclosed —
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

Andel Energi website traffic

Latest recorded traffic for Andel Energi is 450K monthly website visits, up 125% over the last three months. Andel Energi's team grew 5.2% over the past year.

Latest monthly visits450K 3-month web change+125% 1-year team growth+5.2%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • Energi Fyn Holding AS
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇩🇰 Denmark100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Andel Energi on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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