How Much Did Heating Raise?
Funding & Key Investors

Heating has secured significant enterprise-level funding, with a recent major strategic investment bringing its total capital raised to $2.1M. The latest financing round, dated January 25, 2021, underscores the company's ongoing growth trajectory and market positioning. This infusion of capital is expected to fuel further expansion and development within its operational sector.

What is Heating?

Heating
ConstructionConstruction ManagementConsumer Services

Devaney Plumbing and Heating, Inc., operating under the name Heating, is a seasoned provider of plumbing and heating services. Established in 1999 and based in Norwood, MA, the company boasts over two decades of experience serving the Metro Boston Area and parts of Cape Cod. Their expertise spans both new construction and remodel projects for residential and commercial clientele. As a fully licensed and insured entity, Heating is committed to delivering professional and courteous service, addressing a comprehensive range of plumbing and heating requirements.

How much funding has Heating raised?

Heating has raised a total of $2.1M across 2 funding rounds:

2020

Debt

$1M

2021

Debt

$1.1M

Debt (2020): $1M with participation from PPP

Debt (2021): $1.1M led by PPP

Key Investors in Heating

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Heating?

The substantial enterprise-level backing and recent strategic investment indicate a phase of aggressive scaling for Heating. This capital infusion is likely earmarked for expanding service capabilities, enhancing operational efficiency, and potentially broadening its geographic reach. The company's focus on both residential and commercial sectors, coupled with its established reputation, positions it for continued growth and market penetration. Future developments may include technological integration for service delivery or strategic partnerships to augment its service offerings.

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Frequently Asked Questions Regarding Heating Financial Insights

What are the most recent funding rounds that Heating has completed, and what were the funding rounds?
Heating has recently completed 2 funding rounds: Debt on Jan 25, 2021, Debt on Apr 6, 2020.
What is the total amount of funding Heating has raised to date?
Heating has raised a total of $2.1M in funding to date.
How many funding rounds has Heating completed?
Heating has completed 2 funding rounds.
How much funding did Heating raise in its most recent funding round?
Heating raised $1.1M in its most recent funding round.
Who are the lead investors in Heating's latest funding round?
The lead investor in Heating's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Heating's history?
The largest funding round in Heating's history was $1.1M.
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