Diligence memo · auto-generated · as of July 2, 2026
Heat2Power Inc.
Heat2Power Inc. looks over-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Heat2Power Inc. operates in Other Technology, based in ANN ARBOR.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Heat2Power Inc. has raised $3.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.0M on 2025-01-16.
Most recent recorded round closed around 2025-01-16.
Valuation (modeled)modeled
Provath models Heat2Power Inc. at approximately $12M (range $2.6M–$27M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.07× the median modeled value of Seed Other Technology companies in 2025–2027 (459 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 17 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 48% of Other Technology peers (21302 compared).
Modeled value ranks above 26% of those peers.
Closest niche peers: Income Laboratory, Inc., Strala Group, Inc., Volur, Inc., Tensor9 Inc., TwinKnowledge Inc.
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.