VARM, a Berlin insulation startup, has raised €17.5 million in a Series A round led by ABN AMRO Sustainable Impact Fund and GET Fund, the firm behind the sonnen battery storage exit to Shell.
The company insulates a single-family home in one day at a fixed price of around €5,000, with homeowners paying under €4,000 after government subsidies and saving up to 50% on heating costs.
Founded in 2023 by two serial founders, VARM has completed thousands of projects across seven German cities and is targeting one million insulated buildings across Europe by 2035.
Germany has a plan to retrofit millions of homes. What it does not have is enough people to do it. VARM, a Berlin startup that insulates single-family homes in a single day at a fixed price, has closed a €17.5 million Series A round, with an investor list that includes one of Europe’s most credentialed cleantech venture teams.
GET Fund, formerly Munich Venture Partners, co-led the round alongside ABN AMRO Sustainable Impact Fund, a €500 million vehicle backed by ABN AMRO Bank. GET Fund’s track record includes the exits of sonnen, the home battery storage company acquired by Shell, and Luxexcel, a 3D-printed lens maker acquired by Meta.
