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Three Arrows Capital, Jump Capital back $40M Neon Labs token sale -Breaking


Neon Labs, a decentralized financial development company has closed a private token sale of $40 million as part its ongoing efforts for an Ethereum-compatible blockchain environment. This reflects the increased investor demand to have liquidity and scale in the fast-growing decentralized finance market.

The private sale of NEON tokens was led by Jump Capital, a Chicago-based venture firm, with additional participation from Shu Zu’s Three Arrows Capital, Solana Capital, Rockaway Blockchain Fund, Ethereal Ventures and CoLab Ventures, among others. According to the company, more than 60 ecosystem partners and angels participated in the token sales.