About Intellihot
Intellihot is a company based in Galesburg (United States) founded in 2005.. Intellihot has raised $65.46 million across 10 funding rounds from investors including Avenue Capital Group, Aegon Asset Management and Earth Foundry. The company has 83 employees as of December 31, 2024. Intellihot offers products and services including iSeries, iQ Wall, Neuron, Electron Series, and The Legionator. Intellihot operates in a competitive market with competitors including NIBE Group, GridPoint, Eneco, Swell Energy and Aira, among others.
- Headquarter Galesburg, United States
- Employees 83 as on 31 Dec, 2024
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Sectors
Business ServicesEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Intellihot Green Technologies Inc.
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Annual Revenue
$00as on Jan 30, 2014
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Net Profit
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EBITDA
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Total Equity Funding
$65.46 M (USD)
in 10 rounds
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Latest Funding Round
$50 M (USD), Series B
Dec 07, 2021
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Investors
Avenue Capital Group
& 9 more
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Employee Count
83
as on Dec 31, 2024
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Products & Services of Intellihot
Intellihot offers a comprehensive portfolio of products and services, including iSeries, iQ Wall, Neuron, Electron Series, and The Legionator. 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.
Efficient gas tankless heater for on-demand commercial hot water.
Wall-mounted unit for reliable energy-saving water heating.
Floor-based system for high-demand commercial applications.
Sustainable electric tankless heaters reducing carbon emissions.
Specialized unit for advanced water heating in facilities.
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Funding Insights of Intellihot
Intellihot has successfully raised a total of $65.46M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in December 2021. 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 10
- Last Round Series B — $50.0M
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First Round
First Round
(05 May 2009)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Intellihot | Valuation | Aegon Am , Avenue Capital Group | |
| Feb, 2017 | Amount | Series A - Intellihot | Valuation |
investors |
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| Nov, 2015 | Amount | Series A - Intellihot | Valuation |
investors |
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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 Intellihot
Intellihot has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Avenue Capital Group, Aegon Asset Management and Earth Foundry. 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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Diversified investments in distressed debt and securities are managed globally.
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Founded Year | Domain | Location | |
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Venture capital is provided for critical industries by Earth Foundry.
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Founded Year | Domain | Location | |
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Impact-focused growth equity investments are made in sustainable industrial solutions.
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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 Intellihot
| 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 - Intellihot
| 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 |
Intellihot Comparisons
Competitors of Intellihot
Intellihot 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, Eneco, Swell Energy and Aira, 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 |
Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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| domain | founded_year | HQ Location |
Provider of data-driven energy management solutions
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| domain | founded_year | HQ Location |
Producer and supplier of natural gas, electricity, and heat
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| domain | founded_year | HQ Location |
Reseller and installer of energy storage devices
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| domain | founded_year | HQ Location |
Air-source heat pumps for residential heating efficiency are provided.
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| domain | founded_year | HQ Location |
Sustainable HVAC products and systems are manufactured for various sectors.
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| 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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Latest news on Intellihot
Frequently Asked Questions about Intellihot
When was Intellihot founded?
Intellihot was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Where is Intellihot located?
Intellihot is headquartered in Galesburg, United States. It is registered at Galesburg, Illinois, United States.
Is Intellihot a funded company?
Intellihot is a funded company, having raised a total of $65.46M across 10 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on May 05, 2009.
How many employees does Intellihot have?
As of Dec 31, 2024, the latest employee count at Intellihot is 83.
What does Intellihot do?
Intellihot was established in 2005 in Galesburg, United States, focusing on the water heating sector. Tankless water heater systems are supplied for both residential and commercial settings. Product lines encompass the iQ series, Neuron, i-Series, and additional models. System control is enabled through an Android-compatible app. Operations center on innovative, efficient heating solutions distributed via the companys domain, intellihot.com.
Who are the top competitors of Intellihot?
Intellihot's top competitors include Eneco, Cielo WiGle and Transaera.
What products or services does Intellihot offer?
Intellihot offers iSeries, iQ Wall, Neuron, Electron Series, and The Legionator.
Who are Intellihot's investors?
Intellihot has 10 investors. Key investors include Avenue Capital Group, Aegon Asset Management, Earth Foundry, WAVE Equity Partners, and Independence Equity.