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Venture Capital

Neon Fund

Help Indian B2B SaaS / Enterprise-AI startups go global; act as US go-to-market partner to take companies to $10M ARR in 3–5 years.

Ticket size$500K – $1M
StagesPre-Seed
Sectors2 focus areas

At a glance

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Recent activity

Checks and mentions picked up from India startup news over the last 180 days.

Portfolio companies

11 companies

Startups this investor has backed — round, amount, date, and source when we can verify them publicly.

Game State Labs
AI / B2B SaaS
Participant
13 Dec 2025
Highperformr
AI / B2B SaaS
Participant
13 Dec 2025
Merlin AI
AI / B2B SaaS
Participant
13 Dec 2025
Buddy
AI / B2B SaaS
Participant
13 Dec 2025
Astra
Cybersecurity
SeedParticipant
6 Feb 2025
Zepic
Customer Experience Platform
2100000Pre-SeedParticipant
18 Apr 2024
Requestly (acq
Spotdraft
B2B SaaS
Atomic Work
B2B SaaS
CloudSEK
B2B SaaS
InFeedo
SaaS
SeedLead

About Neon Fund

Background and context for founders evaluating this investor.

Neon Fund is an early-stage venture firm built specifically to help Indian B2B SaaS and enterprise-AI startups go global, founded by Siddhartha Ahluwalia and Nansi Mishra — hosts of the widely followed Neon Show (formerly the 100x Entrepreneur podcast). The fund evolved from their earlier $10–11 million 100x Entrepreneur vehicle, which backed 40+ SaaS startups including Airmeet, Astra Security, CloudSEK, InFeedo and SpotDraft. Neon's third fund stands at $25 million and a fourth fund of $50 million is being raised. It invests at pre-seed and seed, writing cheques of roughly $500K to $1 million, and positions itself as a hands-on go-to-market partner for the US market — helping portfolio companies with demand generation, outbound sales, branding and hiring, with the explicit goal of reaching $10 million in ARR within three to five years. The fund is structured as a Delaware limited partnership operating across the US and India, and its LP base includes CXOs from Amazon, Microsoft and HP, plus prominent SaaS founders and investors like Blume Founders Fund and Nexus's Sandeep Singhal. Recent portfolio companies include Requestly (acquired by BrowserStack), Highperformr, Zepic and Merlin AI. About half its bets back second-time founders, the rest first-timers with strong revenue focus.

The fund evolved from their earlier $10–11 million 100x Entrepreneur vehicle, which backed 40+ SaaS startups including Airmeet, Astra Security, CloudSEK, InFeedo and SpotDraft.

Notes

Founders Siddhartha Ahluwalia & Nansi Mishra (The Neon Show; ex-100x Entrepreneur). Fund III $25M; Fund IV $50M raising. Delaware LP, US+India. Portfolio: Requestly (acq. BrowserStack), Highperformr, Zepic, Merlin AI.

Data confidence: Verified (web sources, 2025–26)

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