Companies · Other Technology

Neonode Inc.

STOCKHOLM · Other Technology

Diligence memoA one-page analyst read on Neonode Inc. — recommendation, valuation, rhythm, risks.
$47.4M
Total raised · real
5
Rounds
1.6×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Wed Aug 05 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Neonode Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.81× the median modeled value of Series B Other Technology companies in 2019–2021 (415 peers) — value vs value, same stage and era.
  • Within the normal band (81% of peer median) for its niche.
Dormant
  • Last raise 5.9 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

Neonode Inc. is one of 21292 Other Technology companies tracked from STOCKHOLM. By capital raised it ranks among the largest (ahead of 92% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
21
Investors (latest)
2020-08-05
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeries A · 2008-12-30 Raised $4.2M (real) Modeled valuation $116M (est)$4.2M$116MSeries A2008Pre-Seed · 2008-12-30 Raised $371K (real) Modeled valuation $16M (est)$371K$16MPre-Seed2008Seed · 2011-03-09 Raised $1.8M (real) Modeled valuation $61M (est)$1.8M$61MSeed2011Series B · 2014-07-01 Raised $23M (real) Modeled valuation $692M (est)$23M$692MSeries B2014Series B · 2016-08-11 Raised $8.7M (real) Modeled valuation $264M (est)$8.7M$264MSeries B2016Series B · 2020-08-05 Raised $14M (real) Modeled valuation $409M (est)$14M$409MSeries B2020+$371K+$1.8M+$23M+$8.7M+$14MCumulative $52M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$4.2M · 2008
Bridge · Series A-stage$371K · 2008smaller follow-on
Bridge · Series A-stage$1.8M · 2011smaller follow-on
Series B$22.7M · 2014
Series B extension$8.7M · 2016
Series B extension$13.9M · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$408.9M
Base estimate est.
$34.0M
Conservative case
$1.5B
Upside case
$77.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $116.1M · 2008-12-302008Pre-Seed · modeled $15.7M · 2008-12-30Seed · modeled $61.0M · 2011-03-09Series B · modeled $692.1M · 2014-07-01Series B · modeled $263.9M · 2016-08-11Series B · modeled $408.9M · 2020-08-052020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
5.9 yr
Elapsed time used
5.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$4.1M/yr
Capital velocity
17.5 yr
On record since
2008
First round
6
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 15× above median
This company$47.4M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.7× of median
This company$13.9M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$408.9M
Sector median$37.3M

Raised more than 92% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #287 of 415.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Decisions, LLC · Series B Raised $40.0M · modeled $1.2B (est)Visual Lease, LLC · Series B Raised $40.0M · modeled $1.2B (est)Suvoda LLC · Series B Raised $40.0M · modeled $1.2B (est)SmartRecruiters, Inc. · Series B Raised $95.0M · modeled $1.2B (est)Litify Inc. · Series B Raised $43.7M · modeled $1.2B (est)Stevenson Aggregator, LP · Series B Raised $39.5M · modeled $1.2B (est)Hazelcast, Inc. · Series B Raised $55.1M · modeled $1.2B (est)Qardio, Inc. · Series B Raised $99.8M · modeled $1.1B (est)BlockFi Inc. · Series B Raised $62.6M · modeled $1.1B (est)Pencil & Pixel, Inc. · Series B Raised $74.4M · modeled $1.1B (est)Niche.com, Inc. · Series B Raised $36.0M · modeled $1.1B (est)EdCast Inc. · Series B Raised $67.5M · modeled $1.1B (est)Neonode Inc. (this company) Raised $47.4M · modeled $408.9M (est)Neonode Inc.
CompanyStageRaised · realValue · estvs peer med.
Decisions, LLCSeries B$40.0M$1.2B2.42×
Visual Lease, LLCSeries B$40.0M$1.2B2.42×
Suvoda LLCSeries B$40.0M$1.2B2.42×
SmartRecruiters, Inc.Series B$95.0M$1.2B2.42×
Litify Inc.Series B$43.7M$1.2B2.42×
Stevenson Aggregator, LPSeries B$39.5M$1.2B2.39×
Hazelcast, Inc.Series B$55.1M$1.2B2.33×
Qardio, Inc.Series B$99.8M$1.1B2.28×
BlockFi Inc.Series B$62.6M$1.1B2.27×
Pencil & Pixel, Inc.Series B$74.4M$1.1B2.25×
Niche.com, Inc.Series B$36.0M$1.1B2.12×
EdCast Inc.Series B$67.5M$1.1B2.12×
Neonode Inc. this companySeries B$47.4M$408.9M0.81×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$4.2M2008-12-30$19.0M$116.1M85%
Pre-Seed$371K2008-12-30$2.1M$15.7M85%
Seed$1.8M2011-03-09$8.9M$61.0M85%
Series B$22.7M2014-07-01$126.3M$692.1M85%
Series B$8.7M2016-08-11$48.1M$263.9M85%
Series B$13.9M2020-08-05$77.2M$408.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$4.2M2008-12-30
    • First recorded raise — entered as Series A.
    • 21 investors on this round.
  2. Pre-Seed$371K2008-12-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 11.3× smaller than the prior — bridge or down round.
    • 48 investors on this round.
  3. Seed$1.8M2011-03-09
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 4.8× larger than the prior — scaling up.
    • Revenue band moved $1M–$5M → $0–$1M.
    • 15 investors on this round.
  4. Series B$22.7M2014-07-01
    • Raised again after 40 mo — slower than the ~13 mo sector norm.
    • Round 12.7× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → $1M–$5M.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  5. Series B$8.7M2016-08-11
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • Revenue band moved $1M–$5M → $5M–$25M.
    • 21 investors on this round.
  6. Series B$13.9M2020-08-05
    • Raised again after 48 mo — slower than the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 21 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~28mo cadence
$22.3M
Modeled next size est.range $14.5M$35.6M
1.6×
Last step-up
$4.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
John Reardon6 other2011-03
Kenneth Olson1 other2008-12
Mats Dahlin1 other2014-07
David Brunton2011-03
David W. Brunton2008-12
John R. Reardon2008-12
Lars Lindqvist2014-07
Maria Ek2020-08
Mattias Bergman2020-08
Per Bystedt2008-12
Per Loefgren2016-08
Per Lofgren2020-08
Peter Lindell2020-08
Susan Marie Major2008-12
Thomas Eriksson2011-03
Ulf Rosberg2020-08
Urban Forssell2020-08
Registry & provenance

Neonode Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
87050
SEC CIK
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Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
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Neon Labs LtdSoftware / TechSeed$37.4M87%
Diode, Inc.Other TechnologySeries A$57.8M86%
Beeyonder, Inc.Other TechnologySeed$6.1M85%
HyperNative Inc.Other TechnologySeries C$296.1M84%
Nexscient, Inc.Other TechnologyPre-Seed$1.7M84%
Moonnox Inc.Other TechnologySeed$6.5M84%
Frequently asked
How much funding has Neonode Inc. raised?
Neonode Inc. has raised approximately $47.4M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Neonode Inc.'s estimated valuation?
Provath's modeled valuation for Neonode Inc. is approximately $408.9M (modeled range $34.0M–$1.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Neonode Inc. at?
Neonode Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Aug 05.
What does Neonode Inc. do and where is it based?
Neonode Inc. operates in the Other Technology sector, based in STOCKHOLM.
Explore related

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