German Heat Pump Platform GALVANY Raises $11M Seed

Jan de Vries · 2026-06-08

Berlin-based GALVANY Energy has secured $11 million (€10 million) in Seed funding to expand its all-in-one platform for heat pump installation, operation, and optimization in Germany. The round targets the existing-building market for multi-family homes. ### The Investment Dutch EnergyTech investor SET Ventures led the round, with Berlin-based ClimateTech fund AENU serving as co-lead. This backing highlights growing interest in making heat pumps work for older buildings.  ### Why Heat Pumps Struggle in Existing Buildings Founder and CEO Raik Belka explains 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." GALVANY closes that gap by offering a platform that handles everything from sales to installation to ongoing management. It's a one-stop shop for the heat transition. ### The Technology At the heart of GALVANY's system are two key components: - The GALVANY Cube, produced with Panasonic - The GALVANY Fusion energy management system These work together with battery storage to create a modular setup. The system uses dynamic electricity tariffs, load shifting, and spot-market arbitrage to cut heating and electricity costs measurably. A new app (version 1) launches this summer, giving users digital control over their entire energy system. ### A Different Approach Unlike competitors that rely on expensive direct sales, GALVANY integrates acquisition, procurement, installation, and management into one seamless platform. This networked ecosystem makes each step more efficient. Dr. Till Stenzel, Partner at SET Ventures, puts it this way: "The next phase of the energy transition won't be decided by hardware, but by the 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 all the way to the power grid." ### Profitable Growth Founded in 2022, GALVANY has already installed over 2,500 heat pump systems. This has prevented more than 3,850 metric tons of CO₂ emissions (about 8,488,000 pounds). In 2025, the company generated $22.6 million (€20.1 million) in revenue—a sevenfold increase from the previous year. More importantly, it closed the year with positive EBIT (earnings before interest and taxes). ### What's Next With fresh funding, GALVANY plans to: - Focus on the multi-family-home existing-building market - Expand offerings for housing companies and portfolio holders - Further develop GALVANY Fusion as an "Agentic Energy OS"—an AI-powered system that orchestrates load profiles in real time - Build partner structures with installation contractors - Scale its own sales organization nationwide Belka emphasizes the significance of their profitability: "Closing this round from a profitable position is more than just a metric for us. It's proof that the heat transition is financeable without combustion logic." ### Why It Matters Heat pumps are a key technology for reducing carbon emissions from buildings. But they've faced adoption challenges in older structures. GALVANY's platform approach could be the model that finally makes them work at scale.