GALVANY closes €10M to scale heat pump platform
GALVANY’s customer proposition is built around a clear promise: “The first heating system that pays for itself.” © GALVANY
Berlin-based GALVANY has raised €10 million in a seed round to expand its end-to-end heat pump platform across Germany. The round is led by European energytech investor SET Ventures, with Berlin climate tech fund AENU as co-lead, according to a press release issued by SET Ventures.
Founded in 2022 by Raik Belka, the company has already installed more than 2,500 heat pump systems and avoided over 3,850 tonnes of CO₂ in the process. In 2025, GALVANY generated €20.1 million in revenue — seven times more than the year before — and closed the year with a positive EBIT. That kind of growth, paired with profitability at seed stage, is rare in climate tech.
At the heart of the platform is the GALVANY Cube, a modular heat pump system co-produced with Panasonic. The hardware connects with GALVANY Fusion, an energy management system that links heat pumps, battery storage, and dynamic electricity tariffs into one integrated setup. A dedicated customer app is set to launch this summer, giving users full digital control over their energy system.
The fresh capital will go toward three priorities: scaling the platform for multifamily residential buildings, advancing the AI-powered capabilities of GALVANY Fusion, and growing a nationwide contractor and sales partner network. The company sees apartment buildings and housing portfolios as one of the largest untapped opportunities for cutting CO₂ in German heating.
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