# Netgear

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

- Industry: Telecoms
- Headquarters: San Jose, US
- Website: www.netgear.com
- Total disclosed funding: $20M
- Latest round: Series C (Feb 1, 2002)
- Investors on record: 5

## About

Netgear Inc. specializes in networking technology, providing innovative WiFi solutions and hardware designed to enhance connectivity for both residential and commercial users.Netgear Inc., founded in 1996 in San Jose, US, focuses on networking solutions. Patrick Lo is the founder and CEO. The company went public in its latest round of funding, raising USD 98.00 mn in an IPO. Since its inception, it has engaged in 5 deals, with the most recent deal recorded on August 5, 2003.NETGEAR offers a diverse range of networking products, including high-performance Mesh WiFi systems like the Orbi series and Nighthawk routers, mobile WiFi devices, and wired networking products like switches and access points. Their technology addresses connectivity challenges for a variety of users, including households and small to medium-sized businesses, and is available in markets such as the United States, Canada, Australia, and parts of Europe.In the most recent fiscal year of 2024, NETGEAR reported revenue of USD 673.76 mn and an EBITDA of USD 18.73 mn. The company generates income through direct sales of its products and subscription-based services, including NETGEAR Armor for cybersecurity and NETGEAR ProSupport for customer service, creating a consistent revenue stream from both product and service offerings.NETGEAR's future growth strategy includes the introduction of new products and expansion into international markets. The company will utilize proceeds from its IPO to enhance its product lineup and support operational expansion. Notably, in the last funding round, they invested USD 4.5 million in cash and a USD 20 million subordinated unsecured convertible promissory note for strategic acquisitions.

## Funding rounds

- Series C, Feb 1, 2002, $5.2M — Shamrock Capital, Halyard Capital, The Abernathy Group, Delta International
- Series B, Mar 1, 2000, $15M — Pequot Ventures

## Investors

- Pequot Ventures (https://capitalatlas.ai/funds/pequot-ventures) — Series B
- Shamrock Capital (https://capitalatlas.ai/funds/shamrock-capital) — Series C
- Halyard Capital (https://capitalatlas.ai/funds/halyard-capital) — Series C
- The Abernathy Group — Series C
- Delta International — Series C