Private Market View

Heat2Power

Ann Arbor, MI · Founded 2024 · Privately Held (backing)

Last price · $/share
Implied valuation
$64.3M
Total raised
$18.3M
Last round
Early Stage VC
Mar 2026

Key facts

  • Heat2Power’s last known valuation is $64.3M (Apr 2026).
  • It has raised $18.3M across 2 recorded rounds; the latest was Early Stage VC ($15.2M) in Mar 2026.
  • Heat2Power has filed 1 Form D with the SEC, most recently Jan 2025 ($3.0M sold to 3 investors).
  • Status: Privately Held (backing).
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Funding rounds

2 rounds
Mar 2026Early Stage VC$15.2MSEC filing
Jan 2025Seed Round$3.0MSEC filing

About Heat2Power

Developer of thermophotovoltaic power generation systems designed to convert high-temperature heat into electricity. The company offers air-bridge cell architecture with radiation recycling, high-temperature operation capability, and modular wafer-scale panels that support flexible deployment and direct energy conversion, enabling industrial energy producers and thermal power applications, efficient and reliable electricity generation from diverse heat sources.

Sector
Energy
HQ
Ann Arbor, MI, United States
Founded
2024
Employees
6
Ownership
Privately Held (backing)
PA Mark — not yet priced

Heat2Power 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.

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Recorded secondary trades

No prints on record

No secondary trades in Heat2Power shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.

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Institutional fund marks

No fund marks yet

No SEC-registered fund has reported a fair-value mark on Heat2Power in its N-PORT filings yet. We sweep new filings monthly.

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