Neon Fund

Stage focus

Multi-stage

Primary sector

Deep Tech (AI/ML/Robotics)

City

Bengaluru

HQ / office

Operating base: Bengaluru, Karnataka, India (firm is described by Inc42 and other trackers as "a venture capital firm based out of Bengaluru"; team and operations are Bengaluru-based). Legal/HQ structure: registered as a Limited Partnership in Delaware, USA, and states on its own site that it is "headquartered in the US." No exact street address is published on the official website (the official contact page lists only the email + a form). A Bangalore street address — "Agga Abbas Ali Road, H M Gladiolus, Bengaluru, Karnataka 560042" — appears only on third-party scrapers (RocketReach/Prospeo and similar) and is NOT independently verified.

Investments on record

12

Corpus (as reported)

$25 million — Fund III, closed 16 December 2025 (Fund III launched 2023). Prior: Fund II $11M (~2022); Fund I (16 investments). NOTE: as of the verification date the official homepage advertises a NEW "Fund 4" of $50M that is being RAISED (not closed) — only the $25M Fund III is a confirmed CLOSED fund. Use $25M (Fund III) as the latest closed/reported fund size.

Website

neon.fund

LinkedIn

Profile ↗

Neon Fund is an early-stage venture fund (formerly the "100X Entrepreneur Fund," rebranded to Neon in 2023) led by Siddhartha Ahluwalia (Co-Founder & Managing Partner, host of The Neon Show podcast, formerly the 100x Entrepreneur podcast) and Nansi Mishra (Co-Founder); Kshitij Jain leads its investment committee. It invests pre-seed/seed in Enterprise AI and B2B SaaS startups across India and the US, positioning itself as a go-to-market partner to help founders reach ~$10M ARR within ~3 years, leveraging LPs who hold CXO roles at large tech firms. It has raised multiple funds, most recently a $25M Fund III closed December 2025, and (per its own homepage) is raising a $50M Fund 4. Founding-year sources conflict (2018 vs 2020); the official site dates the predecessor fund to 2020.

Pre-seed to seed (occasional Series A). Sector: Enterprise AI / B2B SaaS — emphasis on Vertical AI applications (legal, IT operations, insurance claims), cybersecurity, and developer tools. First cheque typically $500K (range $100K–$1M); aims to help founders reach ~$10M ARR within ~3 years. Targets ~7–13% ownership (per record; not separately confirmed on official site).

USD 100K-500K initial cheque (typically ~USD 500K to lead first round)

As compiled from public sources — verify with the investor.

Registration category not stated — reported as “Seed / micro-VC (early-stage Enterprise AI venture fund)”

None found (US-domiciled Delaware LP, not an Indian SEBI-registered AIF; no SIDBI/Indian govt LP relationship found)

SpotDraft; CloudSEK; Atomicwork; InFeedo; Requestly (acquired by BrowserStack); RapidClaims; Astra Security; Airmeet

~2 core (Siddhartha Ahluwalia, Managing Partner; Naman Budhdeo, Partner)

US Limited Partnership domiciled in Delaware (early-stage Enterprise AI / B2B SaaS venture fund); not an Indian AIF

What does Neon Fund invest in?

Pre-seed to seed (occasional Series A). Sector: Enterprise AI / B2B SaaS — emphasis on Vertical AI applications (legal, IT operations, insurance claims), cybersecurity, and developer tools. First cheque typically $500K (range $100K–$1M); aims to help founders reach ~$10M ARR within ~3 years. Targets ~7–13% ownership (per record; not separately confirmed on official site).

What cheque size does Neon Fund write?

As compiled from public sources: USD 100K-500K initial cheque (typically ~USD 500K to lead first round)

How do I pitch Neon Fund through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

VC fund (Cat II)

100Unicorns

Multi-stage · Deep Tech (AI/ML/Robotics) · Mumbai

INR 3-5 Cr initial cheque at pre-seed/seed with follow-on capacitySIDBI FFSContact on file

Angel fund (Cat I)

1Funds Trust

Multi-stage · Pharma & Life sciences · Mumbai

Pre-seed to Series A+ stage; specific cheque size not disclosedContact on file

VC fund (Cat II)

247VC Investment Trust

Seed · Deep Tech (AI/ML/Robotics) · Mumbai

INR 4-5 Cr at seed, with follow-on appetiteContact on file

VC fund (Cat II)

3IPARTNERS FUND

Multi-stage · Deep Tech (AI/ML/Robotics) · Bengaluru

USD 150k-1M (INR ~1-8 Cr) per startup for 5-15% stake; pre-seed/seed/pre-Series AContact on file

VC fund (Cat II)

3one4 Capital

Multi-stage · IT / SaaS / Enterprise Software · Bengaluru

Early-stage seed to Series A; firm does not publish exact cheque range on siteContact on file

VC fund (Cat I)

888vc Accelerator Fund

Seed · Deep Tech (AI/ML/Robotics) · Bengaluru

INR 2-4 Cr average; first cheques up to USD 500K (Seed to Pre-Series A)Contact on file

All Multi-stage investors →

• ⚑ HQ structure split: legally a Delaware (US) Limited Partnership that calls itself "US-headquartered," while its team and operations are Bengaluru-based — HQ is partly outside India. Private founder-led fund (NOT a government/DFI/public-university vehicle). Legal-entity-name discrepancy: the record's claimed legal entity "Being Neon Ventures LLP" is internally inconsistent — "LLP" is an Indian structure, not a US Delaware LP — and could not be independently verified; treat the exact legal entity name as UNCONFIRMED. Fund-size discrepancy: official homepage advertises a $50M "Fund 4" currently being RAISED, while the latest CLOSED fund is $25M (Fund III, Dec 2025) — do not cite $50M as raised/closed. Founding-year discrepancy: 2018 (Inc42/some trackers) vs 2020 (official about page, as 100X Entrepreneur Fund) — unresolved. Name-collision risk: multiple unrelated "Neon" entities exist (Neon Ventures, other Neon Fund PE/VC entries on PitchBook/Crunchbase, plus unrelated Neon database/Neon Labs) — confirmed via official site that this is the correct enterprise-AI firm. Street address on RocketReach/Prospeo is third-party-scraper-only and unverified.

Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://neon.fund/about/; https://inc42.com/buzz/neon-fund-closes-fourth-fund-at-25-mn-to-back-b2b-saas-startups/