Neology
About Neology
Neology is a company was acquired by One Equity Partners in September 2017. It operates as a Managed Services, and Mobility-as-a-Service. Neology has raised $50 million across 1 funding round from investors including One Equity Partners, Smartrac and unknown. Neology offers products and services including Electronic Toll Collection Systems, Transportation Operations & Maintenance, Enforcement Technology, Integrated Mobility Platform, and neoRide Mobile Payments.
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Neology, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series C
Dec 12, 2021
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Investors
One Equity Partners
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Neology
Neology offers a comprehensive portfolio of products and services, including Electronic Toll Collection Systems, Transportation Operations & Maintenance, Enforcement Technology, Integrated Mobility Platform, and neoRide Mobile Payments. 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.
End-to-end toll systems are provided for seamless operations.
Reliable maintenance services are offered to transportation agencies.
Vehicle enforcement solutions are delivered to improve safety.
AI-powered mobility solutions are provided with lifecycle support.
Mobile payment services are offered for tolls and parking.
Funding Insights of Neology
Neology has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series C round of $50 million completed in December 2021. 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 1
- Last Round Series C — $50.0M
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First Round
First Round
(12 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series C - Neology | Valuation | unknown |
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| 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 Neology
Neology has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include One Equity Partners, Smartrac and unknown. 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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Private equity investments are made in North America and Europe.
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Founded Year | Domain | Location | |
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Provider of RFID and NFC tags for IoT applications
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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 Neology
| 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 |
Financial Statements - Neology
| 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 |
Neology Comparisons
Competitors of Neology
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Neology
Is Neology a funded company?
Neology is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series C of $50M, raised on Dec 12, 2021.
What does Neology do?
Neology is involved in delivering advanced mobility and tolling solutions. The company operates in the transportation technology sector, focusing on electronic toll collection, enforcement technology, and integrated mobility platforms. Solutions are designed to enhance sustainability, improve safety, and increase revenue for transportation agencies. Services include operations and maintenance support, mobile payment applications like neoRide, and AI-powered adaptive systems. Neology serves local and state agencies globally with a commitment to operational efficiency and customer service.
What products or services does Neology offer?
Neology offers Electronic Toll Collection Systems, Transportation Operations & Maintenance, Enforcement Technology, Integrated Mobility Platform, and neoRide Mobile Payments.
Who are Neology's investors?
Neology has 3 investors. Key investors include One Equity Partners, Smartrac, and unknown.