About Heaten
Heaten is an Industrial Goods & Manufacturing company based in Kristiansand (Norway) founded in 2020, and was acquired by Advent International in October 2024. High-temperature heat pumps are developed for industrial decarbonization. Heaten has raised $9.06 million across 2 funding rounds from investors including Shell Ventures, Nysno and Azolla Ventures. Its chief executive, as recorded, is Jeroen Koot. Heaten offers products and services including HeatBooster HBL4 and HeatBooster HBL16. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services. Its legal entity is Heaten AS.
Company details
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.
- Headquarters Kristiansand, Norway
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website heaten.com
- Social LinkedIn YouTube
- Acquired by Advent International (Oct 2024)
- Legal Name Heaten As
- Total Equity Funding$9.06M (USD)
in 2 rounds
- Latest Funding Round$6.79M (USD), Series A
Jan 2022
- InvestorsShell Ventures
& 4 more
- Acquired byAdvent International
(Oct 2024)
Products & Services of Heaten
Heaten offers a comprehensive portfolio of products and services, including HeatBooster HBL4 and HeatBooster HBL16.
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.
Apps and channels of Heaten
its YouTube channel Heaten AS has 37 subscribers and 1 videos.
Videos from Heaten
The most watched videos on Heaten's YouTube channel, Heaten AS (37 subscribers). Click a video to play it here.
More on Heaten AS.
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 $9.06M
- Total Rounds 2
- Last Round Series A — $6.79M
- First Round $2.27M
(Jun 2021)
- Investors Count 4
All 2 funding rounds of Heaten with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $6.79M | Series A | – | – | |
| Jun 2021 | $2.27M | Seed | – | Valinor | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm backed by Shell | shell.com/energy-and-innovation/innovating-together/shell-technology-ventures.html | The Hague, Netherlands | ||
Sustainable investments are made by Valinor in energy and infrastructure. | valinor.no | Stavanger, Norway | ||
Private equity firm focused on multiple sectors | adventinternational.com | Sao Paulo, Brazil | ||
Offers long-term investments in projects that reduce emissions and promote green shifts. | 2017 | nysnoinvest.no | Stavanger, Norway | |
Azolla Ventures is focused on investing in climate solutions. | azollaventures.com | Cambridge, United States |
Investor details for Heaten
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Heaten
10 people are tracked at Heaten (3 in leadership, 1 in board & advisors, 6 in team).
| Name | Role | Group |
|---|---|---|
Jeroen Koot | CEO | Leadership |
Harald Nes Rislå | CTO | Leadership |
Douwe van der Meij | Head Of Information Technology | Leadership |
Knud C. Petersen | Chairman | Board & advisors |
Christian Schlüter | Lead Design Engineer | Team |
Alexander Zaiss | Lead Process Automation Engeneer | Team |
Julian Göttschkes | Service Engineer | Team |
Mattias Nilsson | Software And Data Engineer | Team |
Moritz Becker | Lead Engineer, High Temperature Heat Pumps | Team |
Trond Bjerkan | Senior Application Engineer | Team |
Complete people profiles for Heaten
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Heaten
4 dated milestones of Heaten across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Heaten is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Series A, of $6.8M.
- Exit Acquired by Advent International.
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Frequently Asked Questions about Heaten
Heaten was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Heaten is headquartered in Kristiansand, Norway. It is registered at Kristiansand, Agder, Norway.
Jeroen Koot is the CEO of Heaten, as recorded in our data.
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 2021.
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.
Heaten offers HeatBooster HBL4 and HeatBooster HBL16.
Heaten has 5 investors. Key investors include Shell Ventures, Nysno, Azolla Ventures, Valinor, and Advent International.
Heaten operates through Heaten As.
Yes. Heaten was acquired by Advent International in October 2024.