About Heaten
Heaten is a company based in Kristiansand (Norway) founded in 2020 was acquired by Advent International in October 2024.. Heaten has raised $9.06 million across 2 funding rounds from investors including Shell Ventures, Nysno and Azolla Ventures. Heaten offers products and services including HeatBooster HBL4 and HeatBooster HBL16.
- Headquarter Kristiansand, Norway
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Heaten As
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.06 M (USD)
in 2 rounds
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Latest Funding Round
$6.79 M (USD), Series A
Jan 25, 2022
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Investors
Shell Ventures
& 4 more
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Employee Count
Employee Count
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Acquired by
Advent International
(Oct 04, 2024)
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Products & Services of Heaten
Heaten offers a comprehensive portfolio of products and services, including HeatBooster HBL4 and HeatBooster HBL16. 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.
The HeatBooster HBL4 is utilized for recovering energy from waste heat to produce up to 2 MW of high-temperature output for industrial processes.
The HeatBooster HBL16 is employed for larger-scale energy recovery, providing up to 8 MW of output for high-temperature applications in various industries.
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Funding Insights of Heaten
Heaten has successfully raised a total of $9.06M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.79 million completed in January 2022. 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 2
- Last Round Series A — $6.8M
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First Round
First Round
(01 Jun 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Heaten | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - Heaten | Valuation | Valinor |
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| 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 Heaten
Heaten has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Shell Ventures, Nysno and Azolla 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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Venture capital firm backed by Shell
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Founded Year | Domain | Location | |
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Sustainable investments are made by Valinor in energy and infrastructure.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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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 Heaten
| 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 - Heaten
| 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 |
Heaten Comparisons
Competitors of Heaten
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Heaten
When was Heaten founded?
Heaten was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Heaten located?
Heaten is headquartered in Kristiansand, Norway. It is registered at Kristiansand, Agder, Norway.
Who is the current CEO of Heaten?
Jeroen Koot is the current CEO of Heaten.
Is Heaten a funded company?
Heaten is a funded company, having raised a total of $9.06M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.27M, raised on Jun 01, 2021.
What does Heaten do?
Developer of high-temperature heat pumps for industrial decarbonization. These heat pumps efficiently recover waste heat and convert it into high-temperature water or steam, reducing energy consumption and carbon emissions. The technology utilizes a piston-based compressor, offering high efficiency, flexibility, and scalability for various industrial applications. The modular design allows for adaptable system configurations to meet specific process requirements. The heat pumps are suitable for diverse sectors including food and agriculture, chemicals, paper production, building materials, and energy.
What products or services does Heaten offer?
Heaten offers HeatBooster HBL4 and HeatBooster HBL16.
Who are Heaten's investors?
Heaten has 5 investors. Key investors include Shell Ventures, Nysno, Azolla Ventures, Valinor, and Advent International.
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