Heaboo
Heaboo has completed a new Investment round made in full by Insight Venture and Beta Capital.
This round will fund the R&D component in the field of thermal batteries.
Heaboo is a technology company with a strong R&D component that developed, produces and markets a device, the Hoterway, capable of correcting the response time of the hot water supply in taps or showers, increasing the energy and water efficiency of the building. With this product, it is possible to have hot water in buildings at any time, without waiting and without wasting water or energy.
“The investment received will allow us to reinforce the R&D activities in an attempt to improve our product continuously, maximizing its efficiency and scale, with applicability in the construction of buildings for residential, hotel or other services, making them more sustainable”. points out Rui Teixeira, Co-founder and CEO of Heaboo.
The saving of natural resources makes it anticipated that this solution will become a must for those concerned with sustainability issues.
“The management team of the Green Insight I&D Fund, managed by Insight Venture focuses on R&D projects in certified companies and projects that simultaneously have practical applicability, are disruptive and have a positive impact. We are certain that the work developed by Heaboo in the field of thermal batteries and energy and water efficiency of buildings contributes to the sustainability of construction,” says Mónica Mendonça, CEO of Insight Venture.
Insight Venture is a private and independent venture capital company operating in Portugal since 2021. Insight’s investment strategy focuses on innovative projects that contribute in a sustainable way to improve the Portuguese business environment. Knowing what the Portuguese business market does best in applied R&D, Insight Venture invests since 2021 in a diversified portfolio that has as a common core the positive contribution to the Environment and the Social conditions of the country.
