GALVANY, a German clean heating company combining heat pumps, thermal storage, and software, has announced a €10 million seed round led by SET Ventures and co-led by AENU. The funding arrives at a notable inflection point for the company, which reached profitability at the seed stage after growing revenue seven times to €20.1 million in 2025 while delivering positive EBIT. The capital will support expansion into multi-family homes and existing building stock, the launch of GALVANY Fusion this summer, and growth of the company’s installation and software teams nationwide.
GALVANY’s thesis is that the primary barrier to decarbonizing buildings is not technology but economics. The company addresses this by combining heat pump hardware with thermal storage and a software layer that uses dynamic electricity pricing, load shifting, and spot-market arbitrage to make clean heat economically compelling from day one — positioning its systems not just as an environmental choice but as a financially superior alternative to conventional heating.
To date, the company has installed more than 2,500 heat pump systems and avoided 3,850 tonnes of CO2, building a platform it said is designed to scale across Germany’s large and largely untapped existing building stock.
The expansion into multi-family homes and retrofit projects represents a significant market opportunity. Existing buildings account for the vast majority of Germany’s heating-related emissions, and the sector has historically been one of the most difficult to decarbonize at scale due to cost and complexity barriers. GALVANY said its integrated hardware-software model is designed to overcome those barriers by making the financial case for clean heating as compelling as the environmental one.
