GALVANY
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Founders
About
GALVANY is a Berlin-based heat pump platform integrating the acquisition, installation, and management of heat pump systems for German households and property owners 12. Founded in 2022 by Raik Belka, the company has installed more than 2,500 heat pump systems and reported €20.1 million in revenue in 2025 — a sevenfold year-over-year increase — while ending the year profitable on an EBIT basis 123. Profitability at the seed stage is unusual in European climate tech.
At the core of GALVANY’s offering is a connected energy platform built around the proprietary GALVANY Cube hardware, produced in partnership with Panasonic in Pilsen 12. The platform combines heat pumps, battery storage, and GALVANY Fusion energy management software. The company plans to use the new capital to focus on the multi-family-home existing-building market, expand its housing-company customer base, and develop GALVANY Fusion further as an AI-powered “Agentic Energy OS” 12.
What Investors Say
“GALVANY is one of the few European companies that consistently thinks this logic through from the end device all the way to the power grid.” — Till Stenzel, Partner, SET Ventures 3
“Profitability at the seed stage is a rarity in the climate-tech market. It shows that GALVANY has built a business model that scales without becoming dependent on short-term subsidy cycles.” — Philip Specht, Partner, AENU 3
What Founders Say
“In Germany, heat pumps do not fail because of the technology, but because of the gap between subsidy bureaucracy, installation capacity, and economic viability for the end customer. This is exactly the gap we are closing.” — Raik Belka, Founder & CEO 3
Sources
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EU-Startups, “Profitable German heat pump platform GALVANY closes €10 million Seed round after sevenfold revenue growth,” June 2026. https://www.eu-startups.com/2026/06/profitable-german-heat-pump-platform-galvany-closes-e10-million-seed-round-after-sevenfold-revenue-growth/↩↩↩↩↩
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Tech.eu, “GALVANY secures €10M seed round for heat pump expansion,” June 8, 2026. https://tech.eu/2026/06/08/galvany-secures-eur10m-seed-round-for-heat-pump-expansion/↩↩↩↩↩
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TechFundingNews, “Profitable at seed: GALVANY raises €10M from SET Ventures, AENU to fix Germany’s broken heat pump market,” June 2026. https://techfundingnews.com/galvany-10m-seed-profitable-heat-pumps-germany/↩↩↩↩↩