Pune Based SoftTech Raises Funding From Jaipur Based RVCF

Pune based software company SoftTech has raised an undisclosed amount in funding from Jaipur based Rajasthan Venture Capital Fund (RVCF).
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softtechPune based software company SoftTech, which develops products for the architecture, engineering and construction industry, has raised an undisclosed amount in funding from Jaipur based Rajasthan Venture Capital Fund (RVCF).

The investment by RVCF was made as part of its SME Tech Fund, launched in 2008-09 to invest in high growth sectors.

SoftTech plans to use the newly raised funds to improve overseas sales and marketing and new product development.

Earlier in November 2013, RVCF along with IvyCap Ventures and IDG Ventures had taken part in a Series B round in Aujas networks, a global information risk management services company.

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