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Neon raises $13M Series A to expand direct-to-consumer commerce for games, led by Andreessen Horowitz and Renegaden Partners. The funding will help enhance their commerce infrastructure for game publishers.

PRIVATEJul 22, 202618 days ago

Amount Raised

$13 Million

Round Type

Series A

San FranciscoSaas

Investors

KraftonRenegaden PartnersAndreessen Horowitz

Description

Neon has announced a $13 million Series A funding round to support its mission of enhancing direct-to-consumer commerce in video games. The round was led by Andreessen Horowitz and Renegaden Partners, with Krafton as a strategic partner. This funding is seen as a 'vote of confidence' in Neon's vision for the future of game publishing. Neon aims to strengthen its offerings for game publishers looking to improve their direct revenue channels.

Company Information

Company

Neon

Location

San Francisco, California, United States

About

Neon is an open-source, multi-cloud, fully-managed Postgres as a service backed by an impressive list of top-tier investors, including GGV Capital, Khosla Ventures, General Catalyst, and Founders Fund. By separating storage from compute, Neon offers autoscaling, one-click start, multi-cloud compatibility, and bottomless storage to give developers a simple, reliable, and powerful experience. With a generous free tier, developers can quickly start and efficiently scale at will. Learn more at neon.tech. Contact: press@neon.tech SOURCE Neon

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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