![Neon-Labs-Raises-40M-to-Bring-EVM-Functionality-to-Solana.jpeg Neon Labs Raises $40M to Bring EVM Functionality to Solana](https://cryptotoptrends.com/wp-content/uploads/2021/11/Neon-Labs-Raises-40M-to-Bring-EVM-Functionality-to-Solana-678x381.jpeg)
According to a Neon Labs press release, the raise was conducted via a token sale and “will be used to rapidly scale the Neon Labs team in categories spanning research, core development, marketing and business development,” as well as on a grants program.
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