India, Aug. 18 -- Geospatial technology startup NeoGeo has raised around $20 Mn (Rs.191 Cr) in a Series A funding round co-led by Neev II Fund and Aavishkaar Capital.

Neev II is managed by SBI Ventures, a wholly owned subsidiary of the State Bank of India, while Aavishkaar Capital is the investment arm of the Aavishkaar Group.

NeoGeo plans to deploy the fresh capital to deepen its platform and product portfolio, invest in R&D and technical capabilities, and strengthen its team.

The Gurugram-based startup will also use the proceeds to expand into international markets, including the Middle East and the Americas.

"This round allows us to invest decisively in that conviction: scaling our platform business, deepening R&D, expanding into i...