AmFam-backed Neat closes $22.5 million Series B round
Neat Capital , a Boulder-based home financing technology company, announced that it has closed a $22.5 million round, bringing its total funding to date to $37.2 million. Left Lane Capital led the Series B with existing investors, including American Family Ventures.
Founded in 2015, Neat Capital offers a lending platform that provides clients with visibility, educational resources, and control over their financial data along the way. That being said, Neat isn’t digital-only as it offers human support for clients seeking to work with loan officers.
“Mortgage is a $3.2 trillion annual market opportunity that is still fueled by an antiquated approach to lending that results in a frustrating consumer journey. There is incredibly strong client demand for a better experience. Our growth has been nothing short of explosive, and we’ve far exceeded the organic growth trends in the industry with a pipeline swelling with more than 10x annual growth. This new financing will help meet client demand, which has outpaced expectations, and support the continued growth and expansion of Neat Capital across the United States.” – Neat’s Founder and CEO Luke Johnson.
“Neat has built the technology needed to revolutionize the decades-old mortgage industry, while executing at an incredible pace. They’re creating the best possible experience for everyone in the mortgage ecosystem: most importantly their clients, but also loan officers, realtors, wealth managers, end investors and others. We’re thrilled to partner with such a strong team to capture the largest consumer finance market on the planet.” – Left Lane Capital Partner Dan Ahrens.