About DREM
DREM is a company based in Stockholm (Sweden) founded in 2022 by Hannes Palm, David Sennerlov, and Babak Tighnavard.. DREM has raised $5.97 million across 3 funding rounds from investors including Peak, Redstone and Futurum Ventures. DREM offers products and services including Heat Pump Installation, Maintenance Service, and Heat Pump Products. DREM operates in a competitive market with competitors including Aira, NIBE Group, Systemair, ConnectM and Ngenic, among others.
- Headquarter Stockholm, Sweden
- Founders Hannes Palm, David Sennerlov, Babak Tighnavard
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Sectors
Business ServicesEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Drem
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.97 M (USD)
in 3 rounds
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Latest Funding Round
$1.07 M (USD), Seed
Nov 11, 2024
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Investors
Peak
& 15 more
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Employee Count
Employee Count
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Products & Services of DREM
DREM offers a comprehensive portfolio of products and services, including Heat Pump Installation, Maintenance Service, and Heat Pump Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for installing energy-efficient heat pumps in residential homes.
Regular upkeep to optimize heat pump performance and extend lifespan.
Supply of air-water and ground source heat pumps for home heating solutions.
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Funding Insights of DREM
DREM has successfully raised a total of $5.97M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.07 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.1M
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First Round
First Round
(30 Jan 2023)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Seed - DREM | Valuation | Peak , Redstone | |
| Aug, 2023 | Amount | Seed - DREM | Valuation | Peak | |
| Jan, 2023 | Amount | Seed - DREM | Valuation | Byfounders , Robert Pollak |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DREM
DREM has secured backing from 16 investors, including venture fund and angel investors. Prominent investors backing the company include Peak, Redstone and Futurum Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech investments in Europe are targeted by Peak.
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Founded Year | Domain | Location | |
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Sector vertical investment funds are managed by Berlin-based Redstone.
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Founded Year | Domain | Location | |
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Futurum Ventures is focused on investing in tech entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DREM
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DREM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drem Comparisons
Competitors of DREM
DREM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aira, NIBE Group, Systemair, ConnectM and Ngenic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Air-source heat pumps for residential heating efficiency are provided.
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| domain | founded_year | HQ Location |
Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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| domain | founded_year | HQ Location |
Sustainable HVAC products and systems are manufactured for various sectors.
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| domain | founded_year | HQ Location |
Energy management solutions are provided via asset-connecting platforms and applications.
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| domain | founded_year | HQ Location |
Smart thermostat for homes
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drem
Frequently Asked Questions about DREM
When was DREM founded?
DREM was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is DREM located?
DREM is headquartered in Stockholm, Sweden.
Who is the current CEO of DREM?
Babak Tighnavard is the current CEO of DREM. They have also founded this company.
Is DREM a funded company?
DREM is a funded company, having raised a total of $5.97M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.72M, raised on Jan 30, 2023.
What does DREM do?
DREM was founded in 2022 in Stockholm, Sweden, within the energy sector. Distributed energy saving solutions are delivered through heat pumps designed for ease of use. Operations center on simplifying installation and maintenance processes for residential and commercial applications. Services are primarily offered in Sweden, supporting sustainable heating alternatives. Key leadership includes co-founders Hannes Palm, David Sennerlov, and Babak Tighnavard as CEO.
Who are the top competitors of DREM?
DREM's top competitors include NIBE Group, Aira and ConnectM.
What products or services does DREM offer?
DREM offers Heat Pump Installation, Maintenance Service, and Heat Pump Products.
Who are DREM's investors?
DREM has 16 investors. Key investors include Peak, Redstone, Futurum Ventures, Byfounders, and Peter Lindholm.
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