Galvany Raises €10M for Heat Pump Expansion

Berlin-based GALVANY Energy GmbH has successfully closed a €10 million seed funding round, signaling a significant push to expand its integrated heat pump solutions. The capital infusion, led by prominent Dutch energy-tech investor SET Ventures with co-lead participation from Berlin-based climate-tech fund AENU, will fuel the company's growth in optimizing energy efficiency for residential buildings, particularly in Germany's existing housing stock.

Founded in 2022, GALVANY has rapidly established a reputation for its comprehensive platform that streamlines the entire lifecycle of heat pump systems – from acquisition and installation to ongoing operation and performance management. The company has already demonstrated traction, having installed over 2,500 heat pump systems and achieving a notable €20.1 million in revenue in 2025, while also reporting positive EBIT. This financial performance underscores the market's demand for efficient and integrated heating solutions.

At the heart of GALVANY's offering is its proprietary GALVANY Cube hardware, developed in collaboration with Panasonic. This innovative system integrates heat pumps with battery storage and the company's GALVANY Fusion energy management software. The synergy between these components empowers property owners to optimize energy consumption, reduce costs, and enhance overall building sustainability. This holistic approach addresses key challenges hindering widespread heat pump adoption, such as complex subsidy processes and installation bottlenecks.

GALVANY's strategic advantage lies in its network-based platform model, which contrasts with traditional direct sales approaches. By connecting customer acquisition, procurement, installation, and management through a unified system, the company achieves greater operational efficiency and scalability. This model is crucial for tackling the significant decarbonization targets set for the building sector across Europe, where retrofitting existing structures with efficient heating technologies is paramount.

According to Raik Belka, founder and CEO of GALVANY, the company is directly confronting the primary obstacles to heat pump integration in older buildings. "We are building the essential infrastructure to enable the heat transition in existing properties," Belka stated. "In Germany, the hurdles are not technological but lie in navigating subsidies, securing sufficient installation capacity, and ensuring economic viability for consumers. Our platform is engineered to overcome these specific challenges, fostering a sustainable business model and driving widespread adoption."

Looking ahead, GALVANY is preparing to launch a user-friendly consumer application. This digital tool will provide homeowners with real-time monitoring and control capabilities for their energy systems, further enhancing user engagement and system efficiency. The company's expansion plans are well-aligned with the growing European market for heat pumps, which is projected to see substantial growth driven by regulatory support and increasing consumer awareness of climate change and energy costs. The European heat pump market is anticipated to expand significantly in the coming years, driven by ambitious EU climate goals and national decarbonization strategies.