Berlin-based GALVANY has raised a €10 million seed round led by SET Ventures, with AENU joining as co-lead, as the company looks to expand its heat pump platform in Germany.
The startup said revenue grew sevenfold to €20.1 million in 2025 and that it ended the year profitable with positive EBIT, a notable result for a seed-stage climate tech company.
Founded in Berlin, GALVANY focuses on heat pump deployments in existing buildings through an integrated platform spanning sales, procurement, installation, and operations. Its offering includes the GALVANY Cube, developed with Panasonic, alongside a battery system and the AI-driven energy management platform GALVANY Fusion.
The new funding will be used to expand into multifamily housing, further develop its energy management system, and grow its installation contractor and sales network.
The startup said revenue grew sevenfold to €20.1 million in 2025 and that it ended the year profitable with positive EBIT, a notable result for a seed-stage climate tech company.
Founded in Berlin, GALVANY focuses on heat pump deployments in existing buildings through an integrated platform spanning sales, procurement, installation, and operations. Its offering includes the GALVANY Cube, developed with Panasonic, alongside a battery system and the AI-driven energy management platform GALVANY Fusion.
The new funding will be used to expand into multifamily housing, further develop its energy management system, and grow its installation contractor and sales network.