HeatGen
About this raise
HeatGen, with a valuation of $10 million, is raising funds on StartEngine. The company has developed an on-demand seed-heating packaging innovation. The device uses patented technology to heat up coffee, soup, tea, sake, or broth with a simple twist of the bottom cap. The technology of HeatGen delivers a thermal reaction to deliver ready-to-drink beverages wherever consumers want them. HeatGen product is available online, in over 100 Central Texas stores, and in all Wegman’s stores. Mark Turner founded HeatGen in May 2010. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $1,069,999.80. The campaign proceeds will be used to expand with new strategic partnerships and begin mass production.
Investment Overview
Not Funded: $15,181
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 09/15/2022
- Close Date
- 12/14/2022
$10,000
$1,070,000
$300
Equity - Common
Growth Stage
RegCF
$0.30
$10,000,000
Company & Team
Company
- Year Founded
- 2010
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $8,698,937
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/14/2022 | StartEngine | $10,000,000 | $15,181 | Equity - Common | Not Funded | RegCF |