Neon Labs is a 2021 founded startup based in the Cayman Islands that aims to bridge the gap between Ethereum and Solana blockchains. With their slogan "Neon EVM allows you to use dApps and tools from Ethereum on Solana's blockchain," Neon enables dApp developers to use Ethereum tooling to scale and get access to liquidity on Solana. In November 2021, the company secured a notable $40.00M in their Seed Round investment. The investors in this round included IDEO CoLab Ventures, Citizen X, Ethereal Ventures, Rockaway Blockchain Fund, Solana Ventures, Wintermute, AngelDAO, Everstake, NxGen.xyz, and Everstake Capital. With such a strong support system and a clear market positioning, Neon Labs has the potential to reshape the landscape of blockchain technology and decentralized applications.
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