NeoGeo Raises $20 Million Series A to Expand Geospatial Technology Globally

NeoGeo, a geospatial technology startup, has raised US$20 million in a Series A funding round. The round was led by Neev II Fund and Aavishkaar Capital, the investment arm of Aavishkaar Group.

The company plans to use the new funding to strengthen and improve its geospatial technology. This will help NeoGeo develop its products and services further.

NeoGeo will also use the funding to expand into international markets and grow its team. The company aims to strengthen its global presence as it continues to scale.

Anurag Agrawal, Partner at Aavishkaar Capital, added, “Fragmented, paper-based records of land and public assets, often suffer from inaccuracy and do not reflect ground realities. NeoGeo converts those records into a single, high-precision spatial reference frame, thereby reducing disputes, improving transparency and unlocking financial inclusion, climate resilience and public governance at scale. What makes this a compelling investment is that the impact and the economics point in the same direction: a full-stack, IP-led business, run by founders with genuine domain credibility. We are proud to back NeoGeo as it builds the foundational core of India’s governance architecture”.

Sreeramam GV, Founder and CEO of NeoGeo, said, “We have invested nearly a decade building end-to-end geospatial capabilities - from precision positioning infrastructure and enterprise geospatial platforms to AI-powered intelligence systems - driven by a clear belief that the true value of geospatial technology lies not in data collection, but in transforming data into actionable intelligence. This round allows us to invest decisively in that conviction: scaling our platform business, deepening R&D, expanding into international markets and hiring across engineering and delivery. In SBI Neev Fund and Aavishkaar Capital, we have found partners who understand both the technology and the execution imperatives of building foundational public infrastructure.”.

Akshay Panth, CIO, Neev Funds, shared, “NeoGeo represents exactly the kind of scalable, high-impact opportunity that Neev II Fund seeks to back. The Company combines proven execution across complex situations with a clear transition towards platform-led, recurring revenue. We look forward to partnering closely with the NeoGeo team to accelerate their growth across new geographies and verticals.”

NeoGeo was founded in 2019 by Sreeramam GV and Brahmam. The company provides geospatial technology and location-based solutions to government organisations and businesses.

NeoGeo develops solutions for several areas, including natural resource management, disaster management, urban governance, utilities, infrastructure, and smart cities.

The company works across the entire geospatial process, from collecting data using satellite images, LiDAR, drones, and ground surveys to processing and analysing it. NeoGeo also uses AI and machine learning to turn this data into useful insights and industry-specific software.

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