Techjockey News

The Neon Show recently introduced NEON, a $25 million fund to support emerging B2B SaaS companies in their early stages.

NEON is a venture capital fund founded by Siddhartha Ahluwalia and Nansi Mishra. They are also the hosts of the popular podcast- The Neon Show. The fund is dedicated to helping founders and has a strong goal of helping startups achieve over $10 million in yearly revenue within the span of five years.

According to Siddhartha Ahluwalia, one of the founding partners at NEON, the organization goes beyond being just an investment vehicle. It acts as a guiding light and a catalyst for the growth of early-stage B2B SaaS startups.

He said that “NEON is not merely an investment vehicle, but a lighthouse and a growth catalyst for early stage B2B SaaS startups. India has some incredible SaaS founders who shine bright even on the global stage. We look forward to being a part of their journeys and working with them on product development, marketing, sales, and talent acquisition. This arms them with the strategic and operational support necessary to scale rapidly and efficiently.”

Earlier, the company introduced a $10 million fund aimed at supporting more than 40 B2B SaaS startups. Some of the startups that received investments from this fund include Astra Security, InFeedo, KNOW app, Phyllo, and SpotDraft.

Notably, the company highlighted that these portfolio companies experienced significant growth. Their revenue skyrocketed up to sevenfold, and their valuation soared by an impressive 400% within just two years of receiving the investment.