About Quilt
Quilt is a company based in Redwood City (United States) founded in 2022 by Matthew Knoll, Bill Kee, and Paul Lambert. It operates as a Direct-to-Consumer (D2C) and Product-as-a-Service. Quilt has raised $62 million across 3 funding rounds from investors including Lowercarbon Capital, Gradient Ventures and Garage Capital. Quilt offers products and services including Quilt Heat Pump, Quilt Dial, and Quilt App. Quilt operates in a competitive market with competitors including NIBE Group, GridPoint, Aira, Systemair and Encycle, among others.
- Headquarter Redwood City, United States
- Founders Matthew Knoll, Bill Kee, Paul Lambert
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Sectors
Business ServicesEnergy & Utilities Technology
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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 Quilt Systems, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$62 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Dec 08, 2025
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Investors
Lowercarbon Capital
& 12 more
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Employee Count
Not available
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Products & Services of Quilt
Quilt offers a comprehensive portfolio of products and services, including Quilt Heat Pump, Quilt Dial, and Quilt App.
Efficient ductless heat pump for home climate control.
Compact thermostat for room-by-room climate control ease.
App for remote control and energy usage insights.
People of Quilt
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Funding Insights of Quilt
Quilt has successfully raised a total of $62M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2025. 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.
Investors in Quilt
Quilt has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lowercarbon Capital, Gradient Ventures and Garage Capital.
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Venture capital fund focused on tech startups
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Venture capital arm of Alphabet Inc. investing in AI
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Seed-stage investments are made by Garage Capital across multiple sectors.
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Investor details for Quilt
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Investments & Acquisitions by Quilt
Investment portfolio details for Quilt
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Financial Statements - Quilt
Detailed financials for Quilt
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Quilt Comparisons
Peer comparison for Quilt
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Competitors of Quilt
Quilt 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 NIBE Group, GridPoint, Aira, Systemair and Encycle, among others.
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Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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Provider of data-driven energy management solutions
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Air-source heat pumps for residential heating efficiency are provided.
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Sustainable HVAC products and systems are manufactured for various sectors.
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Wireless energy management solutions are provided for demand reduction.
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Provider of smart device to connect and control home AC
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Detailed competitors of Quilt
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Latest news on Quilt
Complete news archive for Quilt
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Frequently Asked Questions about Quilt
Quilt was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Quilt is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Paul Lambert is the current CEO of Quilt. They have also founded this company.
Quilt is a funded company, having raised a total of $62M across 3 funding rounds to date.
Quilt is known for providing advanced ductless heat pump systems designed for efficient home heating and cooling. Solutions are offered in the home automation and smart HVAC sector, focusing on energy efficiency through features like occupancy sensing and over-the-air updates. Products such as the Quilt Indoor Unit, Outdoor Unit, Dial, and App are integrated to deliver personalized climate control for residential spaces. Partnerships with certified installers across the USA ensure quality service and installation.
Quilt's top competitors include Cielo WiGle, Transaera and NIBE Group.
Quilt offers Quilt Heat Pump, Quilt Dial, and Quilt App.
Quilt has 13 investors. Key investors include Lowercarbon Capital, Gradient Ventures, Garage Capital, MCJ Collective, and Incite Ventures.