# Neat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neat-2

- Industry: Insurance
- Headquarters: Bordeaux, France
- Website: www.neat.eu
- Total disclosed funding: $65M
- Latest round: Series A (Sep 10, 2024)
- Investors on record: 7

## About

Founded in 2022 and based in France, Neat provides a warranty for all household products with a monthly subscription to repair or replace household appliances. Lovys and Seyna are the co-founders of the company. The company employs 20 people. In October 2022, Neat raised EUR 10 million in Seed funding from Alma Mundi Ventures, Founders Future, NewAlpha Asset Management, and Octopus Ventures.

The company provides retailers with its white-label solutions so they may provide their consumers with guarantees like theft, breakage, loss, breakdown, or warranty extensions. Neat serves industries including high-tech, travel, mobility, health, and household appliances. The firm collaborates with insurers and reinsurers, including Mutuaide, Hannover Re, Acheel, and Vyv International Assistance.

The startup generates revenue through its subscription plan, which offers a lifetime warranty for all household products for EUR 15 per month.

## Funding rounds

- Series A, Sep 10, 2024, $55M — Mundi Ventures, Hedosophia, ETFS Capital, Athletico Ventures
- Seed, Oct 19, 2022, $9.7M — NewAlpha Asset Management, Mundi Ventures, Octopus Investments, Founders Future

## Investors

- NewAlpha Asset Management (https://capitalatlas.ai/funds/newalpha-asset-management) — Seed
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Seed, Series A
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed
- Founders Future (https://capitalatlas.ai/funds/founders-future) — Seed
- Hedosophia (https://capitalatlas.ai/funds/hedosophia) — Series A
- ETFS Capital (https://capitalatlas.ai/funds/etfs-capital) — Series A
- Athletico Ventures (https://capitalatlas.ai/funds/athletico-ventures) — Series A