VARM announced that it has raised €17.5 million in Series A funding to continue building its insulation platform across Europe.
The round was led by ABN AMRO Sustainable Impact Fund, with GET Fund as co-lead. Aurum Impact joined as a new investor, while Emerge VC, Pale blue dot, and noa also continued backing the company.
VARM is focused on helping accelerate building insulation across Europe. The company said insulation is one of the fastest and most cost-effective ways to reduce energy consumption in existing buildings.
The company is addressing a major challenge in Europe’s energy transition: execution. While buildings remain a major driver of heating demand, improving insulation across existing housing stock can reduce dependence on imported gas and lower energy costs.
VARM said it is building the infrastructure needed to scale insulation deployment more effectively. The company’s goal is to become a leading European insulation platform by combining operational execution with technology.
The funding will support VARM as it continues expanding in Germany and advances its technology platform.
VARM is also hiring across several roles in Germany, including marketing and growth, founder associate, people operations, venture development, and sales positions.
The company said the heat transition is unlikely to fail because of a lack of technology, but rather because of execution challenges. VARM is positioning itself to help solve that gap by making insulation deployment easier to scale.
