Austrian startup RF-iT receives EUR 4m from PONTIS and Truffle

Vienna-based PONTIS Venture Partners, alongside Parisian Truffle Venture has arranged a first round of funding for Infineon spin-off RF-iT Solutions. Public leverage came from the federal agency Austria Wirtschaftsservice (AWS) which complemented the round with a guarantee under the TFP programme plus a seed financing grant. In total RF-iT will receive EUR 4m in financing in this round.