HeatGen

Your Favorite Drinks and Soups, Hot When You Want

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Security Type
Non-Voting Equity
Categories
Technology, Service Businesses, Consumer Goods & Products, Food & Bev
Min Investment
$300
Location
Austin, TX
Offering Date
September 15, 2022
Expected Close Date
December 14, 2022
Target Raise
$10.00K-$1.07M
No. Investors
22
Security Price
$0.30
Valuation
$10,000,000
Number of Employees
7
Cash
$78,660
Revenue
$9,634
Short Term Debt
$237,982
Cost of Goods
$65,995
Long Term Debt
$652,120
Net Income
$-1,622,848

Company Description

HeatGen has developed an on-demand, self-heating beverage packaging innovation that heats your favorite coffee, soup, tea, sake, or broth on the go with a simple twist of the bottom cap. Our technology uses a patented thermal reaction to deliver ready-to-drink beverages wherever and whenever consumers want them. We have licensed our technology and launched with two premium coffee companies: La Colombe and High Brew, and have other brands and categories in the pipeline for 2023.

Perks

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$300+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.




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Friends and Family
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13
days

8
hours

18
mins

56
secs





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$600+ Investment
$600+ 2% bonus shares


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$2,400+ Investment
$2,400+ 5% bonus shares


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$4,800+ Investment
$4,800+ 10% bonus shares

Key Deal Facts

Consumers love the ability to heat their favorite premium ready-to-drink (RTD) beverages on demand, expanding use opportunities and meeting their active lifestyles.

Brands love HeatGen's technology because it helps them grow market share in the trillion-dollar ready-to-drink market, where premium products like coffee are growing twice as fast as the overall market (Source).

Currently launched in multiple markets and channels, first with La Colombe Coffee then High Brew Coffee. Available online and in over 100 Central Texas stores, and in all Wegman's stores.

Management Team / Advisory Board Bios

Mark Turner



CEO, President, and Director


Mark is a veteran CPG leader with experience leading, growing, and scaling numerous companies.
He also is a respected mentor and leader to several CPG start-ups. In addition to working over 40 hours a week in his roles with HeatGen, Mark also serves approximately 0 to 2 hours per week on the board of directors of SNS Technologies.















Matt Gase



Director


Matt is currently the CUE (Chief Utility Executive) of Franklin Barbecue in Austin Texas. He has decades of CPG leadership experience, including as the CEO of Stubb's BBQ Sauces, which sold to McCormick. Currently works 0-5 hours/month for HeatGen.















Joe Canterbury



Director


Joe is a proven leader in CPG, with experience launching Starbucks expansions into both Europe and Asia. Currently Joe works with companies as they launch and expand into China and Southeast Asia, including TopGolf. Currently works 0-5 hours/month for HeatGen.















Chris Martell



Vice President of Client Services


A member of the team since 2016, Chris is a leader in B2B business growth and a Texas MBA. Chris is responsible for client management, demand planing, and growth strategy at HeatGen.















James Gamett



Director


Jim is the Founding and Managing Partner of Sweetwater Capital Partners, a boutique private equity secondaries firm. Currently works 0-5 hours/month for HeatGen.















Stuart Peterson



Director


Managing General Partner and Founder of ARTIS Ventures, a San Francisco-based Tech & Bio VC. Currently works 0-5 hours/month for HeatGen.















David Steakley



Director


Co-founder, Managing Director, Texas HALO Fund. Currently works 0-5 hours/month for HeatGen.















Walter Robb



Advisor


Former Whole Foods Market Co-CEO















Danny Stepper



Advisor


CEO of LA Libations, MolsonCoors beverage innovation incubator















Brian Goldberg



Advisor


CPG Investor at Redbud Brands, former Chief Strategy Officer at Amplify Snack Brands (Skinny Pop), which sold to Hershey's.















Jim Tonkin



Advisor


Beverage Industry veteran and investor/advisor to leading start-ups















Jason Buechel



Advisor


Chief Operating Officer at Whole Foods Market. Responsible for retail and store operations for the company’s 500+ locations across the United States, Canada and the United Kingdom. Leads the company’s technology, supply chain/distribution, construction/store design and team member services (HR) functions.
Amount Raised : $15,491
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Security Description

Non-voting stock is stock that provides the shareholder very little or no vote on corporate matters.

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