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Govtech Fund

Investor type Micro VC
Founders Ron Bouganim

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 26
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 19
Rounds per year 2.89
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.27
Exits 3
Key employees 1
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • GovTech
  • Information Technology
  • Government
  • Enterprise Software
Summary

Govtech Fund appeared to be the VC, which was created in 2013. The main office of represented VC is situated in the San Francisco. The fund was located in North America if to be more exact in United States.

This organization was formed by Ron Bouganim. Besides them, we counted 1 critical employee of this fund in our database.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Govtech Fund, startups are often financed by Dundee Venture Capital, Y Combinator, Wei Guo. The meaningful sponsors for the fund in investment in the same round are Y Combinator, Urban Us, Sway Ventures. In the next rounds fund is usually obtained by Spark Capital, Sound Ventures, Goldman Sachs.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has specific favorite in a number of founders of portfolio startups. Among the most popular fund investment industries, there are SaaS, Software. Among the most popular portfolio startups of the fund, we may highlight Mark43, Seneca Systems, CoInspect. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund.

The high activity for fund was in 2018. Despite it in 2019 the fund had an activity. Opposing the other organizations, this Govtech Fund works on 22 percentage points less the average amount of lead investments. The fund is generally included in 2-6 deals every year. The higher amount of exits for fund were in 2017. Deals in the range of 5 - 10 millions dollars are the general things for fund. The real fund results show that this VC is 7 percentage points less often commits exit comparing to other companies.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Builders Patch

Payments
Real Estate
Software
$2M28 Sep 2021 New York, New York, United States

OmniSync Incorporated

Consulting
Financial Services
Information Technology
Software
$1M16 Mar 2021 San Diego, California, United States

Therma

Construction
$10M02 Mar 2021 San Jose, California, United States

TrueRoll

GovTech
$1M01 Aug 2020 Chicago, Illinois, United States

OpenLattice

Government
$5M29 Aug 2019 Redwood City, California, United States

Skymind

Artificial Intelligence
$11M21 Mar 2019 San Francisco, California, United States

Pathmind

Analytics
Artificial Intelligence
Industrial Automation
Logistics
Machine Learning
Supply Chain Management
$11M20 Mar 2019 San Francisco, California, United States

Camino

Enterprise Software
GovTech
Hospitality
Hotel
Restaurants
SaaS
Software
$2M31 Dec 2018 California, United States

Pando

Health Care
mHealth
Pharmaceutical
$4M05 Oct 2018 London, England, United Kingdom
News
OmniSync Raises $1M in a 100% Oversubscribed Seed Round to Streamline the Federal Grants Ecosystem

– OmniSync, a company that helps deep tech and life science companies raise debt-free and equity-free funds from the government, closed their oversubscribed seed round led by Govtech Fund – the first-ever venture fund dedicated to government technology startups.
– Ron Bouganim of Govtech Fund said: “OmniSync is taking a unique approach to modernizing and unifying Federal grants in a way that is not only democratizing access to these funds for non-traditional applicants like startups, but they’re also making the process much more efficient for the governments themselves to quickly access and acquire new technologies from sources that they may be completely unaware of.”

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