GALVANY Raises €10M to Expand Heat Pump Platform Across Germany
Berlin-based energy technology company GALVANY has secured €10 million in Seed funding to accelerate the growth of its heat pump platform in Germany. The investment will support the company’s expansion in the existing-building market, particularly multi-family residential properties.
The funding round was led by Dutch investor SET Ventures, with Berlin climate-focused fund AENU participating as co-lead.
Founded in 2022 by Raik Belka, GALVANY provides an integrated platform that combines heat pump sales, procurement, installation, and ongoing system management. The company aims to address challenges that have slowed heat pump adoption, including complex subsidy processes, limited installation capacity, and concerns over financial viability for property owners.
According to Belka, the company focuses on improving every stage of the deployment process while maintaining a sustainable business model. He noted that completing the financing round while already operating profitably demonstrates the commercial potential of the sector.
GALVANY’s offering includes the GALVANY Cube, developed in partnership with Panasonic, and the GALVANY Fusion energy management system. The platform connects heat pumps, battery storage, and energy management software into a single ecosystem designed to optimise energy use.
Unlike many traditional providers, GALVANY operates through a network-based platform model that integrates customer acquisition, procurement, installation, and system management. The company says this approach reduces costs and improves efficiency.
The software platform is designed to lower heating and electricity expenses by using dynamic electricity tariffs, load shifting, and energy market optimisation. A new version of the GALVANY app is expected to launch this summer, allowing users to digitally manage their energy systems.
Investors see software as a key driver of the next phase of the energy transition. SET Ventures partner Dr. Till Stenzel said intelligent software that connects energy generation, storage, and consumption will become increasingly important, turning heat pumps into active components of broader digital energy networks.
Following the investment, GALVANY plans to strengthen its presence in the multi-family housing sector and expand services for housing companies and property portfolio owners. The company will also continue developing GALVANY Fusion into an AI-powered energy operating system capable of managing energy loads in real time and maximising savings from dynamic pricing.
Additional funding will be used to grow partnerships with installation contractors and expand sales operations nationwide.
To date, GALVANY reports more than 2,500 heat pump installations, which have helped avoid over 3,850 tonnes of CO₂ emissions. In 2025, the company generated €20.1 million in revenue, representing sevenfold growth year over year, while also achieving a positive EBIT.
