Neat Capital
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Neat Capital, founded in Boulder, Colorado in 2015 by Luke Johnson and Steve Herschleb, was a fintech mortgage lender. Through its subsidiary Neat Loans it offered home financing with real-time underwriting, and it also sold its loan-origination system to banks as a white-label platform. The company raised over $50 million, including a $22.5 million Series B in 2021 led by Left Lane Capital, before mortgage lender Lower acquired its technology and team.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Company founded
Luke Johnson and Steve Herschleb found Neat Capital in Boulder to reinvent mortgage lending with technology.
- Peak funding round
Neat Capital raises a $22.5 million Series B led by Left Lane Capital with American Family Ventures.
- Acquisition
Mortgage lender Lower acquires Neat Labs, integrating its origination software into the LowerOS platform; co-founder Steve Herschleb joins Lower as CTO.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.