About Neat
Neat is a company based in Philadelphia (United States) founded in 2002. It operates as a SaaS (Software-as-a-Service), and Direct-to-Consumer (D2C). Neat has raised $16.89 million across 4 funding rounds from investors including MentorTech Ventures and Edison Partners. Neat has completed 1 acquisition, including ProOnGo. Neat offers products and services including Neat Scanner and Neat Document Management. Neat operates in a competitive market with competitors including Box, PandaDoc, Conga, M-Files and Digio, among others.
- Headquarter Philadelphia, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name The Neat Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.89 M (USD)
in 4 rounds
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Latest Funding Round
$1.1 M (USD), Series B
Mar 31, 2016
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Investors
MentorTech Ventures
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Neat
Neat offers a comprehensive portfolio of products and services, including Neat Scanner and Neat Document Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Document scanner used for digitizing receipts and records.
Software used for organizing and managing digital documents.
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Funding Insights of Neat
Neat has successfully raised a total of $16.89M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $1.1 million completed in March 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $1.1M
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First Round
First Round
(04 Aug 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Series B - Neat | Valuation | MentorTech Ventures , Edison Partners |
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| Jun, 2010 | Amount | Series B - Neat | Valuation | MentorTech Ventures , Edison Partners |
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| Aug, 2009 | Amount | Series B - Neat | Valuation | Edison Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neat
Neat has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include MentorTech Ventures and Edison Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US focused seed & early-stage VC firm
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Founded Year | Domain | Location | |
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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neat
Neat has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ProOnGo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Expense management is facilitated for small businesses via mobile devices.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Neat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neat Comparisons
Competitors of Neat
Neat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Box, PandaDoc, Conga, M-Files and Digio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Document workflows are automated and managed for sales teams.
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| domain | founded_year | HQ Location |
Contract lifecycle management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Documents are managed and automated for enterprise knowledge work.
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| domain | founded_year | HQ Location |
Mobile platform offering credit cards
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| domain | founded_year | HQ Location |
Business processes are automated via customizable apps and AI tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Neat
Frequently Asked Questions about Neat
When was Neat founded?
Neat was founded in 2002 and raised its 1st funding round 4 years after it was founded.
Where is Neat located?
Neat is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Neat?
Jim Conroy is the current CEO of Neat.
Is Neat a funded company?
Neat is a funded company, having raised a total of $16.89M across 4 funding rounds to date. The company's 1st funding round was a Series B of $7.54M, raised on Aug 04, 2006.
What does Neat do?
Neat is known for offering document management solutions through scanners and software. Services are provided to small businesses for organizing receipts, invoices, and financial records. Digital tools are utilized to transform paper documents into searchable records. Focus is placed on efficiency, security, and ease of tax preparation. Bank-level encryption is employed to protect user data. Solutions are tailored for seamless integration with mobile and desktop platforms.
What products or services does Neat offer?
Neat offers Neat Scanner and Neat Document Management.
How many acquisitions has Neat made?
Neat has made 1 acquisition, including ProOnGo.
Who are Neat's investors?
Neat has 2 investors. Key investors include MentorTech Ventures, and Edison Partners.