# Neology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neology

- Industry: Electronics
- Headquarters: San Diego, US
- Website: www.neology.net
- Total disclosed funding: $8M
- Latest round: Series C (Sep 12, 2005)
- Investors on record: 2

## About

Neology, Inc. is a technology company that specializes in advanced toll collection systems and vehicle-related enforcement solutions, enhancing operational efficiency for transportation agencies across multiple regions.Founded in 1986, Neology, Inc. operates from its headquarters in San Diego, US, providing innovative technology solutions for transportation agencies. The company has received a total of USD 2.00 mn in funding, with its latest investment round, an Add-on, raising USD 30.00 mn led by Smartrac Technology. Neology has completed 4 deals to date, highlighting its evolving role in the transportation technology sector. The founder, Francisco De Velasco, has played a pivotal role in steering the company's direction.Neology specializes in providing advanced end-to-end toll collection systems and vehicle-related enforcement technology solutions aimed at enhancing mobility and operational efficiency for transportation agencies. Its core offerings include the Neology Mobility Platform, which integrates AI-powered adaptive solutions for seamless toll payment, parking, and road user charging. The platform facilitates convenient and accurate tools for road users to manage their travel, thereby improving revenue assurance for agencies. With over 20 years of experience, Neology serves a diverse client base including local and state transportation agencies across North America, Europe, and Latin America, focusing on enhancing safety, sustainability, and revenue generation.The revenue model of Neology is structured around partnerships with government transportation agencies and local authorities, where transactions typically occur through service agreements that encompass the sale and implementation of tolling systems, as well as ongoing maintenance and support. The company’s flagship offerings, such as its electronic toll collection solutions and the neoRide mobile payment platform, are bundled into comprehensive service packages that include installation and lifecycle support. Neology’s business transactions involve multi-year contracts with fixed terms, focusing on the delivery and integration of technology solutions that enhance operational capabilities for their clients. The specific pricing structures for these services are tailored to the needs of individual clients, ensuring alignment with the operational requirements of each tolling network or enforcement framework.Neology, Inc. is actively pursuing the development of new products aimed at enhancing its technology offerings for transportation agencies. The company is targeting expansion into emerging markets across Asia and Europe by the end of the upcoming fiscal year. The recent Add-on funding of USD 30.00 mn will be utilized to support these initiatives, particularly in bolstering research and development for innovative solutions in toll collection and enforcement technology. Additionally, with the exit of investors such as Western States Investment Group and ChinaVest, Neology is positioned to leverage new opportunities in the evolving transportation industry.

## Funding rounds

- Series C, Sep 12, 2005, $2M — ChinaVest
- Series C, Oct 21, 2004, $6M — ChinaVest, Western States Investment Group

## Investors

- ChinaVest (https://capitalatlas.ai/funds/chinavest) — Series C
- Western States Investment Group (https://capitalatlas.ai/funds/western-states-investment-group) — Series C