The NeoGeoInfo Technologies Series A fundraise marks a significant milestone for India’s geospatial technology sector, with the Gurugram-based company closing a $20 million round led by Neev Fund II and Aavishkaar India Fund VI. NeoGeoInfo Technologies Limited raised $20 million from a Series A fundraise led by Neev Fund II and Aavishkaar India Fund VI. Desai & Diwanji and TT&A provided legal counsel to the respective parties on the transaction.
Introduction
NeoGeoInfo Technologies Limited raised $20 million in a Series A fundraise led by Neev Fund II and Aavishkaar India Fund VI, structured by way of a primary subscription to compulsorily convertible preference shares and equity shares. The Gurugram-headquartered company was founded in 2019 and provides integrated spatial intelligence solutions to government and corporate clients across natural resource management, disaster management, urban governance, utilities, infrastructure, and smart cities.
Neev Fund II is managed by SBI Ventures, a wholly owned subsidiary of State Bank of India. The fund was launched in 2021 and invests in businesses operating in areas including clean energy, resource efficiency, and the circular economy. Aavishkaar India Fund VI is the investment vehicle of the Aavishkaar Group, a long-standing impact-focused investor in India.
Deal Value
NeoGeoInfo Technologies raised $20 million in this Series A funding round. Further financial details of the transaction structure were not disclosed.
Legal Teams Involved
Desai & Diwanji — Counsel to NeoGeoInfo Technologies
Desai & Diwanji advised NeoGeo on this fundraise. The transaction was led by Natasha Treasurywala (Senior Partner), with support from Shireen Langrana (Partner), Alister Sequeira (Senior Associate), and Harsh Desai (Associate).
- Natasha Treasurywala — Senior Partner
- Shireen Langrana — Partner
- Alister Sequeira — Senior Associate
- Harsh Desai — Associate
TT&A — Counsel to Neev Fund II and Aavishkaar India Fund VI
TT&A advised Neev Fund II and Aavishkaar on this fundraise. The transaction team consisted of Pooja Menon (Partner), Sangita Sharma (Associate), and Ruchi Tripathi (Company Secretary).
- Pooja Menon — Partner
- Sangita Sharma — Associate
- Ruchi Tripathi — Company Secretary
Significance and Impact
This is the first institutional funding round for the company and will allow it to further expand into international markets, while continuing to contribute to the role of geospatial data in governance, infrastructure development, and disaster management in India. The transaction is therefore notable not only for its size but for what it signals about the growing appetite for institutional capital in India’s geospatial technology space.
NeoGeo has said it will use the funding to deepen its platform and product portfolio through investment in R&D and technical capabilities, expand into international markets across the Middle East and the Americas, and strengthen its team to serve a growing pipeline of large, technically complex projects. NeoGeo has developed four main platforms: OptiFleet for fleet management and analytics, GeoBalance for site suitability and natural resource management, UrbanVista for mapping and public services, and InfraSync for infrastructure asset management.
India has sought to increase private-sector participation in the geospatial industry through the National Geospatial Policy 2022, which liberalised access to geospatial data. This deal underscores the sector’s maturation and the role of impact-oriented institutional investors in scaling deep-tech platforms that serve public infrastructure and governance objectives.
The $20 million NeoGeoInfo Technologies Series A fundraise, structured via compulsorily convertible preference shares and equity shares, marks the company’s first institutional capital raise and positions it for both domestic deepening and international expansion. Desai & Diwanji and TT&A provided comprehensive legal coverage to the issuer and investors respectively, with experienced multi-member teams on both sides. For a running record of deals and the law firms advising on them, see the Deal Meter.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
