Quilt Closes $9M Seed Funding


Quilt, a Redwood City, CA-based creator of an advanced ductless heat pump system designed for residential use, closed a $9M seed funding round.

The round was led by Lowercarbon Capital and Gradient Ventures with participation from Incite Ventures, MCJ Collective, Garage Capital, Climate Capital, and Spacecadet.

Led by CEO Paul Lambert, CTO Matthew Knoll and COO Bill Kee, Quilt has developed a highly efficient electric heat pump system that is controlled through an integrated software platform. Quilt’s design enables room-by-room control, creating precise climate zones throughout the home while eliminating the need for traditional furnaces and ductwork. This advanced system is housed within a sleek form factor designed by Mike&Maaike, the industrial design studio that is equally renowned for Google products as they are for modern furniture designs.

The platform’s built-in AI recognizes heating and cooling patterns throughout the home and automatically maximizes efficiency, increasing cost-savings over time; further incentivizing homeowners to switch to heat pumps and join the fight against climate change.