German Heat Pump Platform GALVANY Lands $10.8M Seed Round

Jan de Vries · 2026-06-08

Berlin-based GALVANY Energy just pulled off something rare in the climate tech world: they closed a $10.8 million Seed round while already turning a profit. That's not just impressive, it's a sign that the heat pump market in Europe might finally be growing up. ### What Makes GALVANY Different? Most heat pump companies focus on selling hardware. GALVANY takes a different approach. They built an end-to-end platform that handles everything from sales and installation to ongoing energy management. Think of it as a complete system for making older apartment buildings more energy-efficient, without the usual headaches. Here's what sets them apart: - They combine sales, procurement, and installation into one seamless process - Their GALVANY Cube hardware (built with Panasonic) works with battery storage - The GALVANY Fusion energy management system uses AI to optimize power usage  ### The Real Problem They're Solving Raik Belka, GALVANY's founder and CEO, puts it bluntly: "Heat pumps in Germany don't fail because of the technology. They fail because of the gap between subsidy bureaucracy, installation capacity, and economic viability for the end customer." That gap is exactly what GALVANY aims to close. Instead of the typical expensive direct sales model, they've built a networked platform that integrates everything into one solution. The result? Heating and electricity costs drop measurably, thanks to dynamic electricity tariffs, load shifting, and spot-market arbitrage.  ### Investor Confidence and Future Plans The round was led by Dutch EnergyTech investor SET Ventures, with Berlin-based ClimateTech fund AENU as co-lead. Dr. Till Stenzel, Partner at SET Ventures, explains their interest: "The next phase of the energy transition will not be decided by hardware, but by the software that intelligently links generation, storage, and consumption." With this funding, GALVANY plans to: - Focus on the multi-family-home existing-building market - Expand offerings for housing companies and portfolio holders - Develop GALVANY Fusion into an Agentic Energy OS with real-time AI orchestration - Grow partner networks with installation contractors ### Impressive Early Results Since founding in 2022, GALVANY has already installed over 2,500 heat pump systems, avoiding more than 8,500 tons of CO2. In 2025, they generated $21.5 million in revenue - a sevenfold increase from the previous year - and closed with a positive EBIT. Their V1 app, scheduled for summer release, will give customers digital control over their entire energy system. It's a clear sign that the company sees software, not just hardware, as the key to scaling the heat transition. ### What This Means for the Industry GALVANY's success challenges the old narrative that green technology can't be profitable. By proving that a heat pump platform can grow fast while making money, they're showing investors that the energy transition is financeable without relying on fossil fuels. For the existing-building market in Germany, this could be the model that finally makes heat pumps work at scale.