Leading European early-stage venture fund and first-ever government technology venture fund, collectively managing over €450M, to cooperate on deal sourcing, review and investment in govtech startups across Europe.

We’re thrilled to announce a unique partnership with our friends at Sunstone Technology Ventures to invest in govtech startups across Europe.

Sunstone Technology is one of Europe’s most active early-stage venture capital firms. With offices in Copenhagen – Denmark, Paris – France and Berlin – Germany, Sunstone invests in seed and Series A rounds in technology companies all across Europe. Since inception in 2007, Sunstone has backed over 80 exceptional founding teams throughout the software stack and across industries. Investments include Prezi (US/Hungary), Neo4j (US/Sweden), Boozt (Sweden), GetYourGuide (Germany), Peakon (Denmark), Natural Cycles (Sweden), Seriously (US/Finland), Tink (Sweden), Lillydoo (Germany), Travelperk (Spain), Exporo (Germany), Aire (UK), Taster (France) and source{d} (Spain).

“As we considered a multitude of venture investors, our goal was to partner with the market leader in the govtech market”

“As we considered a multitude of venture investors, our goal was to partner with the market leader in the govtech market,” noted Jimmy Fussing Nielsen, Managing Partner Sunstone Technology Ventures. “As the first-ever fund exclusively focused on government technology startups, since launching in 2014, Govtech Fund has built an incredible ecosystem of 19 leading govtech startups operating in over 20,000 government agencies.”

“Governments around the world spend over 400 billion dollars a year on government technology solutions” said Ron Bouganim, Founder & Managing Partner of Govtech Fund. “There is an exciting new global wave of startups leveraging the cloud, software-as-a-service and mobile technologies coming to market, achieving venture backable growth rates, that are singularly focused on modernizing the operations of government. We’re thrilled to be partnering with Sunstone in our European initiatives.”

Stay tuned for more announcements here!