What is Quilt?
Quilt operates at the intersection of smart home innovation and sustainable energy transition. The company specializes in high-efficiency, ductless heat pump technology that replaces conventional HVAC systems with a design-forward, all-electric alternative. By integrating sleek hardware with intuitive, occupancy-based software controls, Quilt provides homeowners with granular, room-by-room climate management. This approach not only enhances user comfort but also drives substantial energy savings, positioning the firm as a critical player in the decarbonization of residential building stock. Through its focus on ease of installation and seamless environmental integration, Quilt is effectively lowering the barrier to entry for sustainable home climate solutions.
How much funding has Quilt raised?
Quilt has raised a total of $62M across 3 funding rounds:
Angel/Seed
$9M
Series A
$33M
Series B
$20M
Angel/Seed (2023): $9M with participation from Lowercarbon Capital, Garage Capital, Incite Ventures, Gradient Ventures, Spacecadet, and Climate Capital
Series A (2024): $33M led by Energy Impact Partners
Series B (2025): $20M supported by Energy Impact Partners, Lowercarbon Capital, Galvanize Climate Solutions, Incite Ventures, Alumni Ventures, and Gradient Ventures
Key Investors in Quilt
Energy Impact Partners
Energy Impact Partners is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, and electrified future by collaborating with leading innovators.
Lowercarbon Capital
Lowercarbon Capital backs companies that make real money slashing CO2 emissions and sucking carbon out of the sky to help heal the planet.
Galvanize Climate Solutions
Galvanize Climate Solutions is a global, climate-focused, multi-strategy investment firm that integrates expertise across investment, policy, and technology to drive material climate impact.
What's next for Quilt?
With the successful closure of its latest funding round, Quilt is entering a critical phase of market expansion and operational scaling. The company is expected to utilize this capital to bolster its manufacturing capabilities and expand its distribution network, aiming to capture a larger share of the residential climate control market. As the demand for electrified, energy-efficient home solutions continues to rise, Quilt's strategic focus will likely remain on refining its software-driven energy management features and scaling its footprint to meet the needs of a growing, environmentally conscious consumer base. The firm's ability to maintain its growth momentum will be pivotal as it navigates the transition from an emerging innovator to a standard-bearer in the climate-tech industry.
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