Govtech Fund Raises $25M For Second Venture Capital Fund

Govtech Fund has launched its second $25M early stage venture fund.

Launched in 2014 and led by Ron Bouganim, Founder and Managing Partner, Govtech Fund exclusively invests in startups that are modernizing the internal operations of government — new software tools for government employees that improve how they deliver everything from foster care, law enforcement, parking, municipal bond issuance, procurement, food safety, and pensions amongst thousands of government functions.

The firm’s first venture fund has invested in fifteen govtech startups including (AmigoCloud, Binti, Camino, CoInspect, Mark43, MissionMark, MySidewalk, Neighborly, SeamlessDocs, Sema, Seneca Systems, Smarking, and SmartProcure) while this second vehicle has already invested in four govtech startups including 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 innovates legacy software code maintenance for government and industry software systems.

The Govtech Fund is also announcing today its inaugural Product Advisory Council members, including:
– Jascha Franklin-Hodge: former Chief Information Officer, City Of Boston
– Luke McCormack: former Chief Information Officer at the Department Of Homeland Security, Department Of Justice, and Immigration And Customs Enforcement
– Jay Nath: former Chief Innovation Officer for San Francisco and currently the co-executive director of City Innovate
– Stephanie Rawlings-Blake: former mayor of Baltimore
– Kirk Talbott: Deputy CIO and Executive Director of Smart City initiatives for the City of Atlanta

The Product Advisory Council will leverage its member’s breadth of knowledge and experience to provide ongoing detailed feedback on portfolio company products.



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