What is Neul?
Neul is at the forefront of connecting the physical and digital worlds, envisioning a future where everything is economically interconnected. The company is developing an end-to-end solution designed to simplify the integration and management of connected devices, positioning itself as a key enabler for businesses seeking to leverage the Internet of Everything. Their approach focuses on creating a seamless and cost-effective pathway for widespread adoption of IoT technologies.
How much funding has Neul raised?
Neul has raised a total of $29.8M across 3 funding rounds:
Unspecified
$12.8M
Series A
$12M
Series B
$5M
Unspecified (2011): $12.8M with participation from Cambridge Business Angels, IQ Capital Partners, and DFJ Esprit
Series A (2011): $12M led by DFJ Espirit
Series B (2013): $5M supported by IQ Capital Partners LLP and DFJ Esprit
Key Investors in Neul
Cambridge Business Angels
Cambridge Angels is a prominent UK business angel network that provides smart capital from entrepreneurs to entrepreneurs, having supported over 150 companies since its inception in 2001. The network consists primarily of exited entrepreneurs with expertise in tech and healthcare.
IQ Capital Partners
IQ Capital is a venture capital firm investing in 'deep-tech' across sectors including machine learning, AI, robotics, and advanced engineering and materials. They focus on companies capable of dominating their respective markets globally.
DFJ Esprit
DFJ Esprit is one of Europe's most experienced venture capital investors, helping entrepreneurs build groundbreaking technology companies. They are the exclusive European member of the Silicon Valley-based DFJ Global Network.
What's next for Neul?
With a major strategic investment and significant enterprise-level backing, Neul is poised for accelerated growth and market expansion. The company is likely to focus on scaling its operations, enhancing its platform capabilities, and forging strategic partnerships to solidify its position as a leader in the Internet of Everything ecosystem. Future developments may include expanding its service offerings and reaching new enterprise clients seeking to harness the power of connected technologies.
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