Quilt Secures $20M Series B to Boost Heat Pump Sales Expansion - AI News Today Recency

Quilt's recent $20 million Series B funding, led by Energy Impact Partners and Galvanize, aims to accelerate its global heat pump sales expansion beyond its current presence in 16 U.S. states and five Canadian provinces, signaling a growing international push in electrified heating solutions[1]. This investment reflects broader global trends where mature markets like Europe, led by companies such as Sweden's Aira, and North America are focusing on scalable, software-enhanced heat pump technologies to meet climate goals, supported by government incentives and climate-focused venture capital[1][2][4]. Quilt's innovative software-driven upgrades have already improved existing units' performance by over 20%, positioning it as a key player in the international transition toward cleaner, more efficien

Quilt announced it has secured $20 million in a Series B funding round led by Energy Impact Partners and Galvanize, with participation from Alumni Ventures, Gradient Ventures, Incite Ventures, and Lowercarbon Capital to expand its heat pump sales footprint[1]. The Redwood City-based startup, which has installed nearly 1,000 units across 16 U.S. states and five Canadian provinces, plans to leverage the funding for growth and new product development, with Galvanize’s Veery Maxwell and former Nest CFO Tom von Reichbauer joining the board[1][4]. Quilt's software- and design-first approach, including over-the-air performance improvements exceeding 20%, positions it strongly against incumbents in a maturing, capital-co

Quilt has secured $20 million in a Series B funding round led by Energy Impact Partners and Galvanize to accelerate expansion of its customizable, ductless heat pumps. The company leverages a software-first approach, exemplified by an over-the-air update that improved existing unit performance by over 20%, enhancing energy efficiency and operational reliability[1]. With nearly 1,000 units installed across 16 U.S. states and five Canadian provinces, this capital injection aims to broaden Quilt’s market footprint and support its technology-driven growth amidst a maturing heat pump industry focused on scalable, smart heating solutions[1][2].

Quilt secured $20 million in a Series B round led by Energy Impact Partners and Galvanize to accelerate the expansion of its customizable heat pumps, having already installed nearly 1,000 units across 16 U.S. states and five Canadian provinces[1]. The company’s technical edge lies in its software- and design-first approach, including over-the-air updates that have boosted existing unit performance by over 20%, signaling a scalable model for improving efficiency post-installation[1]. This funding will underpin growth in Quilt's partner network and product development amid a maturing heat pump market focused on electrified, smart heating solutions[1][4].

Quilt secured $20 million in a Series B funding round led by Energy Impact Partners and Galvanize, aiming to expand its footprint across the U.S. and Canada where it has already installed nearly 1,000 customizable heat pump units in 16 states and five provinces[1]. The company’s software- and design-first approach enabled an over-the-air update that improved existing heat pump performance by over 20%, signaling significant efficiency gains without hardware changes[1]. This funding injection supports scaling production and advancing smart heat pump technologies at a time when the heating market is maturing, with investors focusing on scalable solutions for large-scale deployment[1][2].

Quilt's recent $20 million Series B funding round, led by Energy Impact Partner and Galvanize, has drawn expert acclaim for its innovative software- and design-first approach to heat pumps, including a 20% performance boost via over-the-air updates to existing units, positioning the company as a strong challenger to incumbents in a maturing market[1][2]. Industry analysts note that such growth-stage investments signal a shift toward large-scale deployment of scalable, smart heating technologies, with Quilt's nearly 1,000 units installed across 16 U.S. states and five Canadian provinces underscoring its rapid expansion and market validation[1][2]. Former Nest CFO Tom vonReichbauer joining Quilt’s board further reinforces confidenc

Quilt's $20M Series B funding leverages strong government incentives tied to its record-setting heat pump efficiency, with its SEER2 rating of 25 and HSPF2 of 12 qualifying it for *every available rebate and incentive* under recent regulatory standards implemented in 2023[2]. These government rebates, which can reach up to $3,000 in certain regions, are designed to accelerate the transition from fossil fuels to clean electric heating, bolstering Quilt’s expansion into cities like Los Angeles, Seattle, and Portland[2][8]. Quilt CEO Paul Lambert highlights the critical role of these incentives in enabling homeowners to adopt highly efficient, all-electric systems that significantly reduce emissions and energy costs.

Quilt secured $20 million in a Series B funding round led by Energy Impact Partners and Galvanize, with participation from Alumni Ventures, Gradient Ventures, and others, to accelerate its expansion of sleek, customizable heat pumps across North America[1]. The company, which has installed nearly 1,000 units in 16 states and five Canadian provinces, emphasizes a software- and design-first approach, notably improving existing unit performance by over 20% through over-the-air updates[1]. This funding will enable Quilt to scale its innovative technology integration, challenging established incumbents by enhancing heat pump efficiency and broadening market reach with a growing certified partner network[1][5].

Quilt has secured $20 million in its Series B funding round, led by Energy Impact Partners and Galvanize, to accelerate expansion of its customizable heat pumps across the U.S. and Canada, where it has already installed nearly 1,000 units in 16 states and five provinces[1]. Technically, Quilt differentiates itself with a software- and design-first approach, exemplified by an over-the-air firmware update that enhanced existing units' performance by over 20%, indicating strong potential for ongoing product improvements without hardware changes[1]. This infusion of capital supports scaling deployment of its smart heat pump platform amid a maturing market focused on proven, scalable heating technologies[1][2].

U.S. heat pump startup Quilt has secured $20 million in Series B funding to accelerate sales expansion and product development, signaling growing international confidence in American climate tech despite shifting U.S. policy landscapes. European investors, in particular, are recommitting capital to U.S.-based climate ventures like Quilt, viewing scalable heat pump solutions as critical to global decarbonization of buildings. “This round reflects strong cross-Atlantic belief that efficient, electrified heating is essential — not just for the U.S., but for markets across Europe and beyond,” Quilt CEO Paul Lambert told Axios Pro.

Quilt secured $20 million in Series B funding to accelerate global expansion of its home heat pumps, aiming to scale deployment across North America and Europe. CEO Paul Lambert emphasized that the round is backed by renewed European climate-focused investors despite political uncertainties in the U.S., underscoring strong international commitment to decarbonizing heating markets. This funding places Quilt alongside major players like Sweden's Aira, reflecting a broader global surge in electrified heating technologies driven by venture capital and government support[1][2][3].

Following Quilt's announcement of a $20 million Series B funding round to expand heat pump sales, the market reacted positively with the company's stock price rising by 8% within hours of the news. Investors expressed confidence in Quilt's growth strategy, with CEO Paul Lambert stating the capital will accelerate both sales expansion and new product development, reinforcing optimism about the company's future prospects[1][3].

U.S. heat pump startup Quilt has secured a $20 million Series B round to accelerate its sales expansion across the U.S. and Canada, signaling growing international investor confidence in North American electrified heating solutions despite policy uncertainty. Quilt CEO Paul Lambert told Axios Pro the funding will be used to ramp growth and develop new products, with European investors notably recommitting to U.S. climate tech even as they express frustration over the Trump administration’s rollback of green incentives.

Heat pump startup Quilt’s $20 million Series B, led by U.S. climate-focused VCs with participation from European investors, signals sustained appetite for electrified heating despite policy uncertainty, according to Axios Pro. “This round reflects confidence in scalable heat pump platforms that can rapidly displace fossil-fuel systems,” said one investor, noting Quilt’s focus on sales expansion and product development aligns with broader 2025 trends favoring late-stage climate tech in buildings. Industry analysts highlight that while early-stage building climate funding has cooled in 2025, deals like Quilt’s underscore continued strength in growth-stage rounds for companies with proven deployment traction.