MESA, Ariz.-RF Code Inc., which develops hybrid radio-frequency identification data management software, said it closed a $20 million round of venture capital funding.
The funds will be used for new product development and sales channel growth.
The financing, led by QuestMark Partners and Intel Capital, is the company’s first institutional round of funding. Previous investors also participated in the round.
Thomas Hitchner and Michael Leidesdorff, both of QuestMark Partners, will join RF Code’s board of directors as part of the financing.
