German Heat Pump Platform GALVANY Lands $11M Seed Round

Jan de Vries · 2026-06-08

Berlin-based GALVANY Energy has secured $11 million (€10 million) in Seed funding. The company runs an end-to-end platform for installing, operating, and optimizing heat pumps in Germany. They focus on the existing-building market for multi-family homes. This round was led by Dutch EnergyTech investor SET Ventures. Berlin-based ClimateTech fund AENU co-led the investment. ### Bridging the Heat Transition Gap Raik Belka, Founder and CEO of GALVANY, explained the challenge. "In Germany, heat pumps 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." Belka added, "We're closing that gap with a platform that makes every link in the chain measurably better while sustaining itself. Closing this round from a profitable position proves the heat transition is financeable without combustion logic." Founded in 2022, GALVANY combines sales, procurement, installation, and intelligent operation into one system. The platform supports profitable growth, multi-family-home scaling, and AI-powered energy management. ### How GALVANY's Platform Works At its core are two key pieces of tech: - The GALVANY Cube, produced with Panasonic - The GALVANY Fusion energy management system The hardware works alongside a modular architecture. The heat pump, battery storage, and energy management system all work together seamlessly. Instead of expensive direct sales, GALVANY uses a networked platform ecosystem. They integrate acquisition, procurement, installation, and management into a single solution. ### Real Savings Through Smart Tech The company says dynamic electricity tariffs, load shifting, and spot-market arbitrage measurably reduce heating and electricity costs. Version one of the GALVANY app launches this summer. It will enable digital control of an entire energy system. Dr. Till Stenzel, Partner at SET Ventures, noted, "The next phase of the energy transition won't be decided by hardware, but by software that intelligently links generation, storage, and consumption. GALVANY is one of the few European companies that consistently thinks this logic through from the end device to the power grid." ### Plans for Growth With the new funding, GALVANY will focus on the multi-family-home existing-building market. They plan to expand offerings for housing companies and portfolio holders. The company will further develop GALVANY Fusion as an Agentic Energy OS. This AI-powered system orchestrates load profiles in real time and translates dynamic electricity tariffs into measurable savings for customers. GALVANY also aims to expand partner structures with installation contractors. They'll grow their own sales organization to accelerate nationwide platform scaling. ### Impressive Traction To date, GALVANY has installed over 2,500 heat pump systems. These installations have avoided more than 3,850 metric tons of CO₂. In 2025, the company generated $22.5 million (€20.1 million) in revenue. That's a sevenfold increase from the previous year. They closed the year with a positive EBIT, proving their business model works. ### Why This Matters for the US Market For US professionals watching European startup innovation, GALVANY shows how software can transform traditional industries like heating. The platform model could inspire similar approaches in the American market, where heat pump adoption is growing rapidly. The company's focus on existing buildings rather than new construction is especially relevant. Most US homes are existing structures, making retrofitting a huge opportunity. ### Key Takeaways - GALVANY raised $11 million in Seed funding from SET Ventures and AENU - The company is profitable with $22.5 million in annual revenue - They've installed over 2,500 heat pump systems - The platform uses AI and smart software to reduce energy costs - Focus is on multi-family homes in existing buildings This funding round signals growing investor confidence in software-driven energy solutions. GALVANY's profitable growth model could serve as a blueprint for other climate tech startups. *This article was based on information originally published by EU-Startups.*