Heat
Latest round
- Seed
Last raised
- Jan 2022
Total raised
- $5M
Investors
- 2
About Heat
Founded in 2019 by CEO Joe Wilkinson and Mario Maher, and based in London, UK, Heat operates an online shop that offers mysterious boxes that contains various streetwear clothing brands. Heat operates as an online shopping platform. The company allows options for luxury brands to monetize their unsold inventory via drops of surprise merchandise. The company purchases unsold inventory from over 60 luxury brand partners including Off-White, Casablanca, and Palm Angels to curate its mystery boxes of clothing and accessories, sold in hyped drops on Instagram and YouTube to thousands of Gen Z fashion fans. The company earns revenue through its e-commerce platform that sells mystery boxes. The company sells two boxes, heat box for USD 400 and heat box plus for USD 675. The company also expects to bring LVMH’s brands on board.
Who invested in Heat
2 investors across 1 round
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Funding rounds
Seed
Jan 13, 2022
Amount
$5M
Investors
Questions about Heat
Who invested in Heat?
Heat has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Heat raised?
Heat has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Heat last raise money?
Heat's most recent round on record is a Seed, in Jan 2022.
What does Heat do?
Founded in 2019 by CEO Joe Wilkinson and Mario Maher, and based in London, UK, Heat operates an online shop that offers mysterious boxes that contains various streetwear clothing brands.
Where is Heat headquartered?
Heat is headquartered in London, UK.
Which VCs invest in companies like Heat?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back consumer products companies at Heat's stage. Their profiles are linked below.
VCs backing consumer products startups at Seed
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