GovTech Fund

We invest in startups that modernize the operations of government

Venture Capital
  • Program Type
    Venture Capital
  • Avg Funding Amount
    $48M
  • Investment Stage
    Early Stage Venture, Late Stage Venture, Seed
  • Portfolio Size
    17 Companies
  • Investment Location
    San Francisco Bay Area, West Coast, Western US
  • Industry Focus
    Govtech, Software, Information Technology, Government, Enterprise Software

We’re proud to lead the first-ever venture capital fund dedicated to government technology startups.

Our startups build software tools for government employees that significantly improve how they 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.

To support their double-digit monthly growth, our portfolio companies have raised hundreds of millions in capital from leading venture capitalists such as First Round Capital, Lowercase Capital, General Catalyst, Bezos Expeditions, Andreessen Horowitz, Cowboy Ventures, Initialized Capital, Khosla Ventures, Jim Breyer and many more.

Ron Bouganim - Govtech Fund

Mission

We harness the power of transformers, technology, and capital to modernize the operations of government so we can repair society’s connective tissue.

Transformers

People is where we start. We are honored to support visionary individuals who are passionate about improving our government. They come from within government — civil servants in every department at the local, state, and federal levels — who constantly seek to serve better. They come from outside of government — entrepreneurs who see an innovative way forward. Together, these Transformers possess the courage to try something new and transform intractable problems into clear solutions.

Technology

Technology enables innovations and scales solutions. One of the most important foundations of our society — our government — has for decades been a laggard of technology adoption. Legacy vendors and contractors who offer overpriced software, paralyzing customizations, and continuous maintenance contracts drive obsolescence and create waste. Now with the emergence of innovations such as the cloud, mobile, agile development methodologies, and software-as-a-service, our portfolio companies can offer government departments cost-effective modern technology tools to enable a more efficient and responsive government.

Capital

Capital is the oxygen of entrepreneurship. We are the first-ever venture fund focused on investing in startups that are transforming the $400B global government software/IT market. Capital is not just about money — it is also the human capital we offer in the form of mentoring, networking, and experience in building high-velocity growth enterprises that become perpetual innovators. We are proud to support startups that are building things that matter.

Future Phases

Check out an overview of each competition phase below - complete rules for each phase will be released as the competition progresses.

Let’s Get Started.

To apply or join the program, please submit an application.