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The Venture Codex

Govtech Fund

912 Cole St #174, San Francisco, California, 94117, United States

Overview

Venture capital fund dedicated to government technology startups.

Founded

2013

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A

Geographic focus

Brazil
United States

Sector focus

Government
GovTech
Venture Capital

Investment portfolio

14rounds
NAMEDATESIZE
Jovens Gênios
Mar 2026Led
$2 MSeed
ForceMetrics
Oct 2024Participated
$22 MOther Equity
Therma
Feb 2023Participated
$19 MSeries A
Column
Aug 2022Participated
$30 MSeries A
Merit
Jan 2022Participated
$50 MSeries B
Therma
Mar 2021Participated
$10 MOther Equity
Skymind
Mar 2019Participated
$12 MSeries A
Mark43
Mar 2018Participated
$38 MSeries C
MeWe
Jul 2017Participated
$2 MSeed
Neighborly
May 2017Participated
$25 MSeries A
SeamlessDocs
May 2016Participated
$7 MSeries B
SchoolMint
Feb 2016Participated
$6 MSeries A
Jovens Gênios
Mar 2026Led
$2 MSeed
ForceMetrics
Oct 2024Participated
$22 MOther Equity
Therma
Feb 2023Participated
$19 MSeries A
Column
Aug 2022Participated
$30 MSeries A
Merit
Jan 2022Participated
$50 MSeries B
Therma
Mar 2021Participated
$10 MOther Equity
Skymind
Mar 2019Participated
$12 MSeries A
Mark43
Mar 2018Participated
$38 MSeries C
MeWe
Jul 2017Participated
$2 MSeed
Neighborly
May 2017Participated
$25 MSeries A
SeamlessDocs
May 2016Participated
$7 MSeries B
SchoolMint
Feb 2016Participated
$6 MSeries A
14
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Govtech Fund: 14 funding rounds are recorded in the selected participation categories.All available history.
Govtech Fund: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A15
Series B02
Series C+02
Other Equity02

Monthly Deal Activity

Govtech Fund: 14 deals are recorded across 146 months.All available history.
Govtech Fund: 14 deals are recorded across 146 months. All available history
MonthDeals
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '151
Jan '160
Feb '161
Mar '160
Apr '160
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '171
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Govtech Fund: Government & Defense is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Govtech Fund: Government & Defense is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Government & Defense7
Data, Analytics & IT5
Enterprise Software4
Education & Workforce3
Social & Community Platforms2
Cybersecurity & Privacy2
Professional Services2
Real Estate & Construction2
Networks, Cloud & Communication1
Hardware & Robotics1
Fintech1
AI & Machine Learning1

Deal Size Distribution

Govtech Fund: 14 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Govtech Fund: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M3
$10M-$25M5
$25M-$50M3
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Govtech Fund: United States has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Govtech Fund: United States has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
United States13
Brazil1
Govtech Fund: 20 co-investors are shown, with Collaborative Fund sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Govtech Fund: 20 co-investors are shown, with Collaborative Fund sharing 2 recorded deals. All available history
Co-investorShared deals
Collaborative Fund2
Deciens Capital2
Sound Ventures2
17761
8VC1
Abstract Ventures1
Active Impact Investments1
Amity Ventures1
Ananta Capital1
Andreessen Horowitz1
Bee Partners1
Bezos Expeditions1
Bow Capital1
CityRock Venture Partners1
Collier Fund1
Costanoa Ventures1
Criabiz Ventures1
Crosslink Capital1
CSC Upshot1
DOMO Invest1

Investment Strategy

Govtech Fund: Led accounts for 14% and participating for 86% of round participation.All available history.
Govtech Fund: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led214%
Participating1286%
Govtech Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Govtech Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2100%
Co-led00%

Team

Ron Bouganim

Founder & Managing Partner