GALVANY Secures €10 Million in Seed Funding Following Impressive Revenue Growth

GALVANY Energy Raises €10 Million in Seed Financing Round

GALVANY Energy (GALVANY), a Berlin-based heat pump platform, has successfully closed a €10 million Seed financing round. The funding will be used to further expand GALVANY’s end-to-end platform for the installation, operation, and optimization of heat pumps in Germany, with a focus on the existing-building market for multi-family homes.

The financing round was led by Dutch EnergyTech investor SET Ventures, with Berlin-based ClimateTech fund AENU as co-lead.

Raik Belka, Founder and CEO of GALVANY, expressed his confidence in the company’s mission, stating, “We are building the infrastructure that will finally make the heat transition work in the existing-building stock in Germany. Heat pumps do not fail due to technology, but rather because of the gap between subsidy bureaucracy, installation capacity, and economic viability for the end customer. This is the gap we are closing with our platform, which improves every link in the chain and ensures sustainability.”

Founded in 2022 by Raik Belka, GALVANY is an innovative platform that combines sales, procurement, installation, and intelligent operation of heat pump systems. The company’s core products include the GALVANY Cube, developed in collaboration with Panasonic, and the GALVANY Fusion energy management system.

GALVANY’s approach differs from the market standard by focusing on a networked platform ecosystem that integrates acquisition, procurement, installation, and management into a single solution. This strategy aims to reduce heating and electricity costs through dynamic electricity tariffs, load shifting, and spot-market arbitrage.

Dr. Till Stenzel, Partner at SET Ventures, emphasized the importance of software in the energy transition, stating, “The next phase of the energy transition will be driven by intelligent software that links generation, storage, and consumption. GALVANY’s platform and energy management system position the heat pump as an active element of a digitally controlled energy system.”

Future Plans and Expansion

With the new funding, GALVANY plans to focus on the multi-family-home existing-building market and enhance its offering for housing companies and portfolio holders. Additionally, the company aims to further develop GALVANY Fusion as an Agentic Energy OS, improving the AI-powered energy management system.

GALVANY also intends to expand its partner structures with installation contractors and its own sales organization to accelerate nationwide platform scaling.

Impact and Achievements

To date, GALVANY has installed over 2,500 heat pump systems, resulting in the avoidance of over 3,850 tonnes of CO₂. In 2025, the company achieved revenue of €20.1 million, marking a sevenfold increase compared to the previous year, and closed the year with a positive EBIT.