Govly Raises $9.5M in Series A Funding


Govly, a San Francisco, CA-based market network for public sector procurement, raised $9.5m in Series A funding.

The round, which brought the total amount to $13.1M, was led by Insight Partners with participation from YCombinator, FundersClub, and NordicEye.

The company intends to use the funds to build new products.

Led by Mike Weiland, Founder and CEO, Govly aims to make public sector procurement simple, transparent and competitive. The platform makes it easy for users to find, track, and analyze contract requirements across disparate sources, as well as uncover new partners and coordinate stakeholder action throughout procurement processes, from initial solicitation to award. Companies like Hewlett Packard Enterprise, Nutanix, and CDW-Gm, and over other 200 companies, use it to identify opportunities to sell to the government and to collaborate with their channel partners to prepare and submit bids. Govly plans to extend the platform to serve the US SLED (State, Local, Education) market and government contractors outside the United States.