Berlin-based SaaS and energy technology company GALVANY has raised €10 million in seed funding in a round led by SET Ventures and co-led by AENU, as it looks to scale its heat pump and energy management platform across Germany.
- Founded in 2022 by Raik Belka, GALVANY develops an integrated system for deploying and operating heat pumps in residential buildings.
- The company combines hardware, software, installation services, subsidy support and ongoing system monitoring into a single platform aimed at simplifying the shift from fossil-fuel heating to electrified systems.
- At the centre of its offering is the GALVANY Cube, a modular heat pump system developed in partnership with Panasonic, alongside GALVANY Fusion, an energy management system that connects heat pumps, battery storage and dynamic electricity tariffs.
- The software adjusts energy consumption in real time based on pricing and grid conditions, aiming to reduce heating and electricity costs for households.
- Since launch, GALVANY has installed more than 2,500 systems across Germany. The company generated €20.1 million in revenue in 2025 and reported positive EBIT, an uncommon milestone for an early-stage climate tech startup.
Details of the deal
- The fresh capital will be used to expand its offering for multifamily residential buildings, further develop its AI-enabled energy management platform, and scale its installation and sales network nationwide.
“GALVANY is one of the few European companies that thinks this through from the end device all the way to the power grid. With its platform and energy management system, the heat pump evolves from a heating device into an active element of a digitally controlled energy system," explains Dr. Till Stenzel, Partner at SET Ventures.
