The private token sale managed to raise $40 million from large funds

​Neon Labs company has conducted a successful funding round

10.11.2021 - 08:00

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1 min

What’s new? The official Twitter account of the Neon Labs startup has published the news about the completion of the funding round. According to the results of the round, the startup raised more than $40 million from large companies and venture funds.

Who participated? The round was led by Jump Capital, with other participants including Three Arrows Capital, IDEO CoLab Ventures, Solana Capital, Rockaway Blockchain Fund, and Ethereal Ventures.

What will the funds be used for? Neon Labs will use the funding it has raised to expand its staff and hire additional development and marketing talent. Among the company's top priorities is the development of virtual machines for Ethereum and Solana networks.

Author:

Michael Golikov Michael Golikov

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