Key facts
- Heat’s last known valuation is $9.4M (Dec 2021).
- It has raised $154.9M; the latest was Later Stage VC ($150.0M) in Dec 2025.
- Notable investors include Antler, PagsGroup, Carmen Busquets, Chris Zarou, D4 Ventures — 15 tracked in total.
- Status: Privately Held (backing).
- ·The complete investor list — 15 names
- ·Watchlist + deal alerts for Heat
- ·The full record, as it builds
Funding rounds
No funding rounds for Heat are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
About Heat
Developer of a digital shopping platform designed to encourage sustainable fashion. The company's platform offers surplus luxury fashion items in a curated collection delivered as a mystery box and introduces a luxury shopping experience, incorporating elements of surprise and suspense alongside the reassurance of a value-added product, enabling customers to find new season and archival pieces from various brands in fashion and streamline their wardrobes.
- Sector
- Consumer Products and Services (B2C)
- HQ
- Rotherham, United Kingdom
- Founded
- 2019
- Employees
- 30
- Website
- heat.io/
- Ownership
- Privately Held (backing)
Heat doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Heat shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Heat in its N-PORT filings yet. We sweep new filings monthly.