Quatt funding news – Amsterdam-based Quatt Raises €25Million in a Growth Equity Funding

The statement was made at a time when the Dutch company has installed over 7,500 smart heat pumps across the country in the last two years, seeing significant growth.

In this funding round, the Dutch Impact Equity Fund is taking part as well.
The money will be put to better use developing new products and expanding globally. Using Duurzaam Investeren, the company raised €1.5 million last year.

Marijn Flipse, CEO and co-founder of Quatt said, “Due to its quick payback period, more and more Dutch people are opting for our heat pump, In the three years since our inception, we have secured a leading position in the heat pump market thanks to our consumer-centric approach, smart software, and attractive design. By focusing on product development, sales, and installation all in-house, we deliver an excellent customer experience at a very competitive price. This is now recognized by international investors as well,”.

The mission of Blue Earth Capital, an independent, global impact investor with a focus on social and environmental issues, is to address these important global issues. The business offers financial solutions, private credit, and private equity services.

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Carlos Fisch, partner and co-head at Seaya Andromeda says, “Quatt’s modular system will play an important role in the energy transition. Consumers can gradually switch to sustainable energy. From this winter, Quatt’s hybrid heat pump can be upgraded to a fully electric pump, and in the spring of 2025, they will launch Chill, a unique air conditioning system that cools using the existing heat pump. With this product roadmap, we believe it can become a category leader. We are looking forward to supporting the team with their efforts to expand in Europe.”

Randolf Nijsse, founder of Impact Equity Fund, says, “The ease of purchase is crucial for success and impact on the energy transition. Quatt’s products are low-threshold, making them distinctive in this market.”

About Quatt

In 2021, brothers Flipse and Marijn Flipse founded Quatt with the goal of installing 3M Quatt heat pumps by 2030. It's Hybrid, a software-controlled hybrid heat pump, is designed, produced, and installed by the Dutch scale-up company. It has unveiled two new additions to its Hybrid line: the "All-Electric" heat pump and its own "Chill" cooling system.