Central Illinois Angels Invest In Startup: Intellihot Green Technologies

The Heartland Partnership announced yesterday that the Central Illinois Angels, angel network, has made another investment to a Central Illinois based technology startup,

Intellihot Green Technologies is based in Galesburg Illinois, The company has designed, and now manufactures, tankless gas water heaters. Every year hundreds of thousands of kilowatt hours of energy are wasted by heating water sitting in a tank.

Intellihot’s tankless systems for commercial and residential locations, heat water without a tank on an as needed basis.

Central Illinois Angels have invested $325,000 in the company which started out in the Peoria NEXT Innovation Center. Now that Intellihot’s water heaters are in production their manufacturing is based in Galesburg. The company continues to maintain an office presence at Peoria NEXT.

The $325,000 is part of a larger syndicated round. The Central Illinois Angels have invested $3 million in 11 companies to date.

Linkage:

Check out Intellihot here.

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