# Heliatek

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/heliatek

- Industry: Renewable Energy
- Headquarters: Dresden, Germany
- Website: www.heliatek.com
- Total disclosed funding: $120M
- Latest round: Series D (Oct 12, 2017)
- Investors on record: 16

## About

Heliatek GmbH specializes in developing and manufacturing organic photovoltaic (OPV) materials, providing innovative solar solutions for building integration through their flagship product, HeliaSol, a lightweight and flexible solar film.Founded in 2006 and headquartered in Dresden, Germany, Heliatek GmbH focuses on organic photovoltaic materials. The company has undergone significant growth, raising EUR 15.00 mn in Series D funding in October 2017, supported by investors including Wellington Partners and BASF Sociedade de Previdência Complementar. CEO Guido Van Tartwijk leads the company, which has executed a total of 8 deals to date, reflecting its strategic partnerships in the renewable energy sector.Heliatek specializes in the development and production of organic photovoltaic (OPV) materials, particularly their flagship product, HeliaSol. HeliaSol is a lightweight, flexible solar film designed to be integrated into various building surfaces, providing an efficient solution for harnessing solar energy without the limitations of traditional solar panels. The films can be applied to a wide range of surfaces, including rooftops, facades, and curved structures, making them suitable for diverse architectural styles. Heliatek's offerings serve various geographical markets, including Europe, North America, and Asia, targeting architects, construction firms, and environmentally conscious building owners.In the most recent fiscal year 2023, Heliatek reported a revenue of EUR 654,189.80, while its EBITDA for the same year was EUR -46,574,080.60. The company generates revenue through partnerships and direct sales of its HeliaSol solar films, emphasizing long-term collaborations that include installation and maintenance agreements to ensure a steady revenue stream.Heliatek aims to expand its market presence by launching new products and targeting new geographic regions. The company intends to leverage its recent Series D funding of EUR 15.00 mn raised in October 2017 to enhance its product offerings and explore new markets. Specific details on the launch of upcoming products have not yet been disclosed, but the investment will support the continuation of its innovative solar solutions and enhance customer partnerships.

## Funding rounds

- Series D, Oct 12, 2017, $18M — Wellington Partners, Engie, Future Energy Ventures, eCAPITAL, BASF Previdência, RWE Innogy, Isatis Capital, AQTON SE
- Series D, Sep 21, 2016, $47M — Wellington Partners, Engie, Future Energy Ventures, eCAPITAL, High-Tech Gruenderfonds, BASF Previdência, TUDAG, RWE Innogy, Isatis Capital, Conetwork Erneuerbare Energien Holding GmbH & Co. KGaA, AQTON SE
- Series C, Sep 30, 2014, $23M — Wellington Partners, CFH Management, BASF, Future Energy Ventures, eCAPITAL, High-Tech Gruenderfonds, AQTON SE
- Series B, Nov 27, 2009, $27M — Wellington Partners, CFH Management, BASF, Robert Bosch Venture Capital, eCAPITAL, High-Tech Gruenderfonds, RWE Innogy, GP Bullhound
- Series A, Jul 4, 2007, $4.3M — Wellington Partners, Robert Bosch, BASF, High-Tech Gruenderfonds
- Seed, Oct 16, 2006, $0.8M — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A, Series B, Series C, Series D
- Wellington Partners (https://capitalatlas.ai/funds/wellington-partners) — Series A, Series B, Series C, Series D
- Robert Bosch — Series A
- BASF (https://capitalatlas.ai/funds/basf) — Series A, Series B, Series C
- CFH Management (https://capitalatlas.ai/funds/cfh-management) — Series B, Series C
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series B
- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series B, Series C, Series D
- RWE Innogy — Series B, Series D
- GP Bullhound (https://capitalatlas.ai/funds/gp-bullhound) — Series B
- Future Energy Ventures (https://capitalatlas.ai/funds/future-energy-ventures) — Series C, Series D
- AQTON SE — Series C, Series D
- Engie — Series D
- BASF Previdência — Series D
- TUDAG — Series D
- Isatis Capital (https://capitalatlas.ai/funds/isatis-capital) — Series D
- Conetwork Erneuerbare Energien Holding GmbH & Co. KGaA — Series D