HeatTransformers secures €15 million in Series A funding, led by Energy Impact Partners, to enhance heat pump installations across Europe.

Target Information

HeatTransformers, a leading company in accelerating heat pump installations, has successfully completed a €15 million Series A funding round. This funding was spearheaded by Energy Impact Partners (EIP), a global investment firm dedicated to supporting the transition to a sustainable future, along with existing investors Fair Capital Partners and InnovationQuarter. The proceeds from this investment will enable HeatTransformers to solidify its market-leading position in the Netherlands, initiate operations in Germany and the United Kingdom, and further expand its team.

Founded in 2018, HeatTransformers has carved out a niche as a one-stop-shop for the sales and installation of heat pumps from various brands across Europe. The company’s unique two-sided digital platform connects a wide network of heat pump manufacturers and installers with consumers, addressing the increasing demand for sustainable heating solutions. With partnerships including major energy companies and local installers, HeatTransformers is positioned to tap into considerable market potential.

Industry Overview

The heat pump market in Europe is currently at a pivotal point. Governments are increasingly focusing on providing affordable, sustainable, and reliable energy for homes, resulting in numerous in