neon Raises CHF 11 Million From Institutional and Crowdfunding Investors
Swiss neobank neon has closed last week a CHF 11 million financing round from existing investors and some 5,000 investors through its crowdfunding campaign.
Investors in the crowdfunding campaign which ran from October 24 to 31 invested at an average of CHF 1,750 in return for neon shares in the form of tokenised participation certificates.
The crowdfunding campaign, which offered two to 250 non-voting shares priced at CHF 200.00 per share, raised CHF 5 million from 2,000 investors on its first day.
