Since its launch in 2014, Govtech Fund's first venture fund invested in fifteen govtech startups that are modernizing the operations of government. Our companies' software-as-a-service applications for government employees significantly improve how agencies deliver a wide array of government services including foster care, law enforcement, parking management, municipal bond issuance, procurement, food safety, and education administration to name just a few.
Govtech Fund's early stage portfolio companies have attained double-digit monthly growth attracting more than $200M in total capital from leading venture capitalists First Round Capital, Lowercase Capital, General Catalyst, Bezos Expeditions, Khosla Ventures, Slow Ventures, Jim Breyer and more. Govtech Fund has also built an ecosystem of 20,000+ government agency relationships.
Today’s announced second venture fund has already invested in four govtech startups that are modernizing the internal operations of government. Examples of the new portfolio investments include Glimpse which identifies and evaluates school district eROI (education return on investment) for every product, program, service or strategy implemented in a classroom and Sema, which transforms legacy software code maintenance for government and industry software systems.