# HeatTransformers

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/heattransformers-b-v

- Industry: Consumer Products
- Headquarters: Utrecht, Netherlands
- Website: www.heattransformers.com
- Total disclosed funding: $16M
- Latest round: Series A (Apr 4, 2023)
- Investors on record: 4

## About

Based in the Netherlands, and founded in 2018 by co-founders Stijn Otten and Gijs van Vrede, HeatTransformers B.V. operates as a digital company focused on the sales, advice, installation, and service of heat pumps. In April 2023, HeatTransformers B.V. raised EUR 15 million in series A funding, led by Energy Impact Partners Lp, with participation from Fair Capital Partners and ENERGIIQ. As of April 2023, the company has already installed more than 1,000 heat pumps together.	

HeatTransformers B.V. offers heat pumps for households in three categories to suit various needs, such as the hybrid heat pump, which combines a heat pump with a central heating boiler and provides hot water only when the outdoor temperature becomes too low; the all-electric ready heat pump, which is designed to cater to households that want to switch from gas to electric heating systems. Lastly, the all-electric heat pump allows for heating both tap water and the heating system electrically. In addition, the company provides installation and post-installation service consisting of maintenance service, online monitoring & optimization of all heat pumps.

The company plans to use the series A funding to strengthen its market position in the Netherlands, launch operations in Germany and the UK, and scale up its workforce.

## Funding rounds

- Series A, Apr 4, 2023, $16M — InnovationQuarter, Energy Impact Partners, Fair Capital Partners, ENERGIIQ

## Investors

- InnovationQuarter (https://capitalatlas.ai/funds/innovationquarter) — Series A
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series A
- Fair Capital Partners — Series A
- ENERGIIQ — Series A