Tech Company Financing Transactions

Neon Funding Round

GGV Capital, Elad Gil and Founders Fund joined a $30 million Series A venture round for Neon. The round was recorded on 7/26/2022.

Transaction Overview

Company Name
Announced On
7/26/2022
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors

GGV Capital (Lead Investor) (Glenn Solomon)

Elad Gil

Founders Fund

General Catalyst Partners

private investors (Ajeet Singh)

private investors (Guillermo Rauch)

private investors (Nat Friedman)

private investors (Ryan Noon)

private investors (Soren Schmidt)

private investors (Wes McKinney)

Khosla Ventures

Proceeds Purpose
The company is also focused on building developer relations with continued plans to prioritize developer experience. Neon offers a modern, robust platform that includes bottomless storage, and autoscaling, leading to substantial cost savings.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
Menlo Park, CA 94025
USA
Phone
Undisclosed
Email Address
Overview
Neon is a fully managed serverless Postgres with a generous free tier. Neon separates storage and compute, offering modern developer features such as serverless, branching, bottomless storage, and more. Neon is open source and written in Rust.
Profile
Neon LinkedIn Company Profile
Social Media
Neon Company Twitter Account
Company News
Neon News
Facebook
Neon on Facebook
YouTube
Neon on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Nikita Shamgunov
  Nikita Shamgunov LinkedIn Profile  Nikita Shamgunov Twitter Account  Nikita Shamgunov News  Nikita Shamgunov on Facebook
Co-Founder
Stas Kelvich
  Stas Kelvich LinkedIn Profile  Stas Kelvich Twitter Account  Stas Kelvich News  Stas Kelvich on Facebook
Co-Founder
Heikki Linnakangas
  Heikki Linnakangas LinkedIn Profile  Heikki Linnakangas Twitter Account  Heikki Linnakangas News  Heikki Linnakangas on Facebook


 

 

Browse more venture capital transactions:

Prev: 7/26/2022: Reserv venture capital transaction
Next: 7/26/2022: TestFit venture capital transaction

 

Share this article

 


Where The Data Comes From

We do our best to document tech company VC transactions. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary