Consortium backs €4.6m round for Neon

Also participating were existing investors Backbone Ventures, TX Group and the Schwyzer Kantonalbank Innovation Foundation, alongside business angels Roland Brack and Bettina Hein.

Neon plans to use the fresh capital to support its continuing growth, according to a statement.

Previous funding
Backbone Ventures and TX Group (formerly Tamedia) backed a CHF 5m round for Neon in September 2019.

Company
Banking startup Neon was founded in 2017 and is based in Zurich. It launched its smartphone app in 2019 and currently has around 30,000 users. It offers customers private bank accounts without base fees that allow users to make deposits and transfers. The accounts are managed by Hypothekarbank Lenzburg. Neon has 32 employees, according to LinkedIn.

People
Neon – Jörg Sandrock (CEO).
Backbone Ventures – Miklos Stanek (founding partner, chairman).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Financials
• Venture
• Switzerland