Blue Earth Capital, an investment firm, led a €25m ($27m) round in Quatt, a scale-up specializing in smart heat pumps, with participation from Seaya Andromeda and Impact Equity Fund. “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," Marijn Flipse, Quatt CEO and Co-Founder.