Tech Company Financing Transactions
heata Funding Round
Private investors and Green Angel Syndicate joined a $1.2 million Seed funding round for heata. The funding round was recorded on 10/11/2023.
Transaction Overview
Company Name
Announced On
10/11/2023
Transaction Type
Venture Equity
Amount
$1,210,000
Round
Seed
Investors
private investors (Lead Investor) (Mark Boost)
Proceeds Purpose
The company intends to use the funds to further develop its low carbon cloud compute network, and to propel the team forward with new hires in sales, marketing, design and IT.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Wood Farm, Portsmouth Road
Godalming, England, GU7 2JR
UK
Godalming, England, GU7 2JR
UK
Phone
Undisclosed
Website
Email Address
Overview
Heata began as an innovation project with British Gas; how could we help people living in fuel poverty? At the time there was a lot of coverage of Bitcoin mining and the vast quantities of energy miners were using, and the vast quantities of waste heat they were generating. We wondered if we could utilise that waste heat to help, so we put a miner in a barrel of mineral oil and connected it up to a radiator to demonstrate the idea.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Christopher Jordan
Co-Founder
Michael Paisley
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