About Neul
Neul is a company based in Cambridge (United Kingdom) founded in 2010 was acquired by Huawei in September 2014.. Neul has raised $22.9 million across 4 funding rounds from investors including Huawei, Draper Esprit and DFJ. The company has 368 employees as of December 31, 2021. Neul operates in a competitive market with competitors including Sigfox, Thinxtra, Senet, Shenzhen Rakwireless Technology and MXC Foundation, among others.
- Headquarter Cambridge, United Kingdom
- Employees 368 as on 31 Dec, 2021
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Huawei Technologies Research & Development (Uk) Limited
- Date of Incorporation 09 Sep, 2010
- Jurisdiction CAMBRIDGE, ENGLAND
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Annual Revenue
$105.92 M (USD)24as on Dec 31, 2020
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Net Profit
$7.04 M (USD)-14as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$22.9 M (USD)
in 4 rounds
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Latest Funding Round
$5 M (USD), Series B
Sep 06, 2013
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Investors
Huawei
& 5 more
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Employee Count
368
as on Dec 31, 2021
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Acquired by
Huawei
(Sep 19, 2014)
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Funding Insights of Neul
Neul has successfully raised a total of $22.9M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in September 2013. 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 — $5.0M
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First Round
First Round
(29 Jun 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Series B - Neul | Valuation |
investors |
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| Nov, 2012 | Amount | Private Equity Round - Neul | Valuation |
investors |
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| Sep, 2012 | Amount | Series A - Neul | Valuation |
investors |
| 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 Neul
Neul has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Huawei, Draper Esprit and DFJ. 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 VC firm
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on healthcare, IT, and multiple sectors
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Founded Year | Domain | Location | |
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Deep tech venture capital firm investing in European and global startups.
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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 Neul
| 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 - Neul
| 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 |
Neul Comparisons
Competitors of Neul
Neul 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 Sigfox, Thinxtra, Senet, Shenzhen Rakwireless Technology and MXC Foundation, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wireless connectivity solutions for IoT and M2M devices are provided.
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| domain | founded_year | HQ Location |
Provides network solutions for IOT Applications in Australia and New Zealand
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| domain | founded_year | HQ Location |
LoRa-based connectivity solutions are provided for IoT applications.
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| domain | founded_year | HQ Location |
Transceiver modules and middleware for IoT devices are provided.
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| domain | founded_year | HQ Location |
LoRa and blockchain connectivity solutions for IoT applications are provided.
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| 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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Latest news on Neul
Frequently Asked Questions about Neul
When was Neul founded?
Neul was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Neul located?
Neul is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Is Neul a funded company?
Neul is a funded company, having raised a total of $22.9M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 29, 2011.
How many employees does Neul have?
As of Dec 31, 2021, the latest employee count at Neul is 368.
What is the annual revenue of Neul?
Annual revenue of Neul is $105.92M as on Dec 31, 2020.
What does Neul do?
Neul (Acquired by Huawei) is a Cambridge based startup which developed Weightless air interface which was initially for TV White Space where co-existence is a key metric but they now target narrowband WAN links. It can operate in a licensed or license-exempt spectrum. As an enabler for their business, they produced the first single-chip basebandRF implementation of the Weightless standard, Iceni. This sub-GHz, frequency agile RF transceiver is capable of supporting the advanced modulation schemes and spreading modes employed by the Weightless standard to deliver ubiquitous coverage and sufficient cell capacity. This technology is capable of leveraging very small slices of spectrum to deliver high scalability, high coverage, low-power and low-cost wireless networks for the Internet of Things.
Who are Neul's investors?
Neul has 6 investors. Key investors include Huawei, Draper Esprit, DFJ, Mitsui Global Investment, and IQ Capital.
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