Startup · United States
Heliogen
HQ Pasadena, CaliforniaFounded 201351-200 employeesUpdated
Energy on Demand.
Funding11 rounds · $472M
- Equity raised
- $472M
- Debt, secondaries & grants
- ~$39.4M
- Latest
- UndisclosedStrategic · Mar 28, 2022
- Last valuation
- $2.00B?Basis not stated · SPAC · Dec 30, 2021
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Mar 28, 2022 | Strategic | Undisclosed | — | Woodside Energy | — | Confirmed |
| Dec 30, 2021 | SPAC | $188M | $2.00B? | — | — | Confirmed |
| Dec 21, 2021 | Grant | $39.0M | — | — | — | Reported |
| Jul 7, 2021 | Growth | $165M | — | — | — | Confirmed |
| Jun 15, 2021 | Convertible | $83.0M | — | — | — | Confirmed |
| Feb 11, 2021 | Undisclosed | Undisclosed | — | — | — | Reported |
| Dec 22, 2020 | Series B | Undisclosed | — | — | — | Reported |
| Apr 1, 2020 | Debt | ~$350K | — | — | — | Speculative |
| Apr 4, 2018 | Seed | $10.6M | — | — | — | Reported |
| Mar 1, 2017 | Undisclosed | Undisclosed | — | — | — | Reported |
- UndisclosedMar 28, 2022
- SPACValuation $2.00B?Confirmed$188MDec 30, 2021
- Grant$39.0MDec 21, 2021
- GrowthConfirmed$165MJul 7, 2021
- ConvertibleConfirmed$83.0MJun 15, 2021
- UndisclosedUndisclosedFeb 11, 2021
- Series BUndisclosedDec 22, 2020
- DebtSpeculative~$350KApr 1, 2020
- Seed$10.6MApr 4, 2018
- UndisclosedUndisclosedMar 1, 2017
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Power, grids and energy storage | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Long-duration energy storage and energy-on-demand; no defense use stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Long-duration energy storage and energy-on-demand; no defense use stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People9
| Person | Role |
|---|---|
| Bill Gross Resigns | Founder and CEO |
| Isabelle Freidheim | Founder and Chairman of the board |
| Oren Milstein | Founder |
| Alan Gahm | Interim Chief Financial Officer |
| Andy Lambert | Chief Production & Supply Chain Officer |
| Christie Obiaya | Chief Executive Officer |
| Kia Burton | CEO |
| Steve Schell | CTO and Chief Engineer |
| Thomas Doyle | Chief Commercial Officer |
Sources13
Show all 13 sources and supporting evidence
Profile3
- 1
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "USA", "hq_iso2": "US", "id": "ecb69fcd-3c5a-42d2-b9de-7b75592fd213"}”
- 2
Heliogen · Supports Organization · description, Organization · name, Organization · website
“Energy on Demand. At Heliogen, we envision a world where breakthrough long-duration energy storage empowers the future.”
- 3DatabaseHeliogen - Owler company profile
Owler · Supports Organization · founded year, Organization · hq city, Organization · linkedin url, Organization · x url
“founded_year: 2013”
Funding7
- 4
Heliogen · Mar 28, 2022 · Supports Funding round · amount
“our strategic alliance with Woodside includes Woodside taking an equity participation in Heliogen”
- 5Regulatory filingHeliogen, Inc. Announces Completion of Business Combination with Athena Technology Acquisition Corp.
Business Wire · Dec 30, 2021 · Supports Funding round, Funding round · amount
“the conversion to common shares of $83.4 million in SAFE financing upon closing of the business combination”
- 6
Heliogen · Jul 7, 2021 · Supports Funding round · amount, Funding round · post money valuation usd
“a $165 million fully-committed Class A common stock PIPE, anchored by existing and new investors including funds and accounts managed by Counterpoint Global (Morgan Stanley), Salient Partners, Saba Capital, and the XCarb Innovation Fund of ArcelorMittal”
- 7
Heliogen · Jun 15, 2021 · Supports Funding round · amount
“in addition to $25 million raised in the previous round”
- 8
Crunchbase · Supports Funding round
“Series A - Heliogen”
- 9
LinkedIn · Supports Funding round, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · linkedin url, Organization · ownership, Role
“funding round: Grant, 2021-12-21, USD 39,000,000, lead: US Department of Energy”
- 10
People3
- 11NewsHeliogen
businessabc.net · Supports Role
“In 2017, Heliogen was founded by Bill Gross and Oren Milstein.”
- 12
contactout.com · Supports Role
“Kia Burton is the CEO of Heliogen.”
- 13
pasadenanow.com · Supports Role
“Heliogen Founder and CEO Bill Gross Resigns, New Chief Announced”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.