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Scale-up develops and markets water and energy saving solutions based on proprietary technology, making buildings more sustainable through efficient consumption.
Porto, 24th of March 2023 –– Focused on identifying technological start-ups based on R&D in the early-stages, Beta Innovation Fund’s management team highlights at Heaboo the disruptive character of its technology and the team’s ability to introduce it to the market and its impact on the sustainability of building development.
Heaboo is a technology company focused on R&D, which manufactures and markets a passive device capable of correcting the response time of the hot water supply in taps or shower mixers increasing the energy and water efficiency of the buildings. Through the installation of its product, Hoterway, it is possible to have hot water in buildings at any time, without waiting and without wasting wáter and energy.
This investment, carried out with Insight Venture, will allow Heaboo to continue to develop R&D to be used in improving its products and introducing new value-added features, as well as accelerating its growth in new market segments and geographies.
“Heaboo comes to solve a dilemma present in our daily lives, choosing between waiting for tap water to heat up, wasting several liters of water a day, or having recirculation water heating system, which has significant energy losses. We have no doubt that the construction industry will increasingly seek solutions like Hoterway that contribute decisively to the sustainability of the sector. “, said Roberto Branco, CEO at Beta Capital.
Rui Teixeira, Co-Founder and CEO at Heaboo, highlighted that “the investment received will allow us to strengthen our R&D activities to continue to improve our product, allowing it to be increasingly efficient and to be adopted on a large scale, namely in the construction of more sustainable buildings, intended not only for residential purposes, but also for hotel or other services.”
About Beta Capital
Beta Capital is a private and independent venture capital company operating in Portugal since 2003. Since its foundation, Beta Capital has focused on innovative technological projects, strategically financing and supporting the projects and teams in which it invests, so that they reach their potential. Beta Capital team has a vast history and experience in managing venture capital funds and their investment portfolio. Beta Capital cares about the planet, humanity, and its stakeholders.
About Heaboo
Heaboo is a technology company focused on R&D, which manufactures and markets a passive device capable of correcting the response time of the hot water supply in taps or shower mixers increasing the energy and water efficiency of the buildings.
Click here to know more about Heaboo.
