HeatTransformers, a Woerden, Netherlands-based company focused on the acceleration of heat pump installations, raised €15M in Series A funding.
The round was led by Energy Impact Partners, with participation from existing investors Fair Capital Partners’ Impact Fund and ENERGIIQ.
The company intends to use the funds to consolidate its market-position in the Netherlands, launch operations in Germany and the UK and scale-up its workforce.
Founded in 2018 and led by Stijn Otten, HeatTransformers is a digital company focused on the sales, advice, installation and service of heat pumps. The company has developed a 2-sided, digital-first platform that facilitates the full consumer process from interest to installation. The system supports consumers across the full journey of heat pumps, from digital- led responses to initial interest and technical advice, to installation and post-installation service consisting of maintenance service, online monitoring & optimisation of all heat pumps. On the other side, it provides access to a large installation capacity through both its own installers and third-party partners.
HeatTransformers’ model has partnered with global energy companies, heat pump producers and installers, including Engie, Bosch, BDR Thermea Group and dozens of local and national installers.
FinSMEs
04/04/2023