Govtech Fund

What is Govtech Fund?

The Govtech Fund is a venture capital firm based in San Francisco, California, specializing in innovative solutions that modernize government operations. Founded in 2014, they focus on investing in startups that are transforming the way government works through technology and software.

Their investment interests span various sectors such as Software (Web Marketplace SaaS, etc.), IT & TMT, BioTech, Hardware & Manufacturing, Energy, and IoT & Wearables, with a particular interest in the GovTech space.

They usually invest between $100,000 and $1,500,000, with a sweet spot of approximately $350,000 for their investments. The fund operates mainly in the early, seed, and later stages of a company's development. With $25,000,000 in assets under management, they drive investment decisions that aim to catalyze innovation and efficiency within the public sector.

By supporting startups like City Innovate, which simplifies procurement processes for government entities, or Camino's virtual inspection services, the Govtech Fund seems to nurture a portfolio catered to enhancing governmental procedures and services. Among their achievements, helping City Innovate with the COVID-19 vaccine distribution system procurement process recognized by the State of California, and adding transformative companies like SmartProcure and Kofile to their portfolio serve as examples of their impact.

Their website also lists partnership announcements, such as new press association partners for their investee, Column, and the launch of tools by Glimpse K12 to combat grade inflation and provide assistance to Mississippi's largest school district. The Fund states its commitment to leading the Gov 3.0 movement, focused on the resiliency of public services and recovery acceleration.

What they say:

We are a venture capital firm that finances early, seed, and later stage companies.

What we look for: We invest in government and govtech companies.