# The Neat Company

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

- Industry: Software
- Headquarters: Philadelphia, US
- Website: www.neatco.com
- Total disclosed funding: $8.3M
- Latest round: Series C (Jun 10, 2010)
- Investors on record: 2

## About

The Neat Company provides efficient document management solutions, focusing on the seamless scanning, organizing, and managing of financial records for individuals and businesses. Their innovative products simplify document handling and enhance financial organization.Founded in 2002 and headquartered in Philadelphia, US, The Neat Company specializes in document management solutions. The company does not have any known subsidiaries or parent companies, nor has it undergone significant pivots in its business strategy. The CEO is Jim Conroy. The company has completed a total of 3 funding deals, with the latest being a Series C round in June 2010, raising USD 2.75 mn from investors including Edison Partners and MentorTech Ventures. This amount represents the total raised by the company.The Neat Company specializes in document management solutions, primarily focusing on scanning, organizing, and managing financial records such as receipts and invoices. Their flagship product is a multifunctional document management scanner that uses Optical Character Recognition (OCR) technology to convert physical documents into accurate digital records. Users can capture images through the Neat mobile app, forward documents via email, or use compatible scanners to import files. This platform streamlines tax preparation, simplifying budgeting and maximizing deductions through automatic categorization and tax-ready reports. Their target customers include individuals, small business owners, and accountants primarily in North America and select European markets.The revenue model of The Neat Company is structured around subscription services, granting clients access to its suite of document management tools. Clients typically engage through direct-to-consumer channels with subscriptions that offer various service levels. Specific pricing plans cater to individual users or businesses, facilitating the integration of Neat's services into financial management processes. The company's revenue is driven by these subscription fees, ensuring a steady income stream as clients rely on Neat for organized document management.In June 2010, The Neat Company completed a Series C round of financing, which will be utilized to enhance their product offerings and expand into new markets. The company is designing new products aimed at improving document management efficiency and plans to target expansion into selected markets in Europe by 2023.

## Funding rounds

- Series C, Jun 10, 2010, $2.8M — Edison Partners, MentorTech Ventures
- Series B, Aug 14, 2006, $5.5M — Edison Partners

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series B, Series C
- MentorTech Ventures (https://capitalatlas.ai/funds/mentortech-ventures) — Series C