Govtech Fund is the first-ever venture capital fund dedicated to government technology startups. It invests in early-stage, rapid-growth startups that modernize the operations of government through software and IT.
32% of their portfolio is in Government & Civic. They made 1 investment in the last 12 months. Their most common stage is series-a (42% of deals). Average disclosed round size is $15.4M (across 17 rounds with reported amounts).
Portfolio
17
Fund Size
$25M
Top Stage
Series A
Last 12 Mo
1
Team
RB
Ron Bouganim
Managing Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Seneca | Series B | $60M | Oct 2025 |
 GlacierGrid | Series A | $19M | Feb 2024 |
 ForceMetrics | Series A | $22M | Jan 2024 |
 Therma | Series A | $19M | Feb 2023 |
 Column | Series A | — | Aug 2022 |
 MERIT Beauty | Series B | $50M | Jan 2022 |
| OOmniSync | Seed | $1M | Mar 2021 |
| NNeighbourly | Series A | — | Jan 2021 |
 Skymind | Series A | $11.5M | Jan 2019 |
 Seneca Systems | Seed | $3.5M | Feb 2018 |
 Neighborly | Series A | $25M | May 2017 |
 SeamlessDocs | Series B | $7.5M | May 2016 |
 SchoolMint | Unknown | $5.6M | Feb 2016 |
| SeamlessDocs | Series A | $5M | Dec 2015 |
| MMindMixer | Series C | $17M | Sep 2014 |
 Mark43 | Series C | $1.9M | Jan 2013 |
 Camino | Growth | $3M | — |
 Authorium | Unknown | $8M | — |
| Seneca | Seed | $3.5M | — |
Top Co-Investors
Y Combinator4 shared
8VC3 shared
Sound Ventures3 shared
Cowboy Ventures3 shared
Initialized Capital3 shared
Collaborative Fund2 shared
Kindergarten Ventures2 shared
CityRock Venture Partners2 shared
Deciens Capital2 shared
Zero Infinity Partners2 shared
FinTech Collective2 shared
Bee Partners2 shared
Stanford University2 shared
Emerson Collective2 shared
Maven Ventures2 shared
SJF Ventures2 shared
Slow Ventures2 shared
Banana Capital1 shared
Scale Venture Partners1 shared
Last updated: 7 October 2026