Heat Pump Startup Quilt Raises $20M Series B To Expand Sales

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Heat Pump Startup Quilt Raises $20M Series B To Expand Sales
Heat Pump Startup Quilt Raises $20M to Expand Sales Quilt, the California-based startup known for sleek, customizable heat pumps, has raised $20 million in a Series B funding round. This investment comes just months after the company announced its $33 million Series A in April 2024. With energy efficiency and smart home integration at its core, Quilt aims to transform the residential heating and cooling market across North America. Credit: Quilt The funding round was led by Energy Impact Partners and Galvanize, with participation from Alumni Ventures, Gradient Ventures, Incite Ventures, and Lowercarbon Capital. Industry veterans are joining Quilt’s board, including Veery Maxwell from Galvanize and former Nest CFO Tom vonReichbauer, reflecting the company’s growing influence in smart home technology. Expanding Footprint Across North America Quilt plans to use the new capital to expand its footprint in the U.S. and Canada. So far, the startup has installed nearly 1,000 heat pump units across…