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Neon Fund closes new vehicle to back AI-led B2B startups
Neon Fund secured $25 million for its third fund, aiming to invest in early-stage AI-driven B2B SaaS startups.
Venture capital firm Neon Fund closed its third fund with a corpus of $25 million, targeting early-stage AI-powered B2B SaaS startups. The fund plans to deploy cheque sizes ranging between $5 million and $8 million across select companies. The strategy focuses on supporting technology-driven enterprises operating in niche enterprise software and automation segments amid cautious global venture funding conditions.