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Venture Capital
govtechfund.com

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Investments

22

Portfolio Exits

3

Funds

3

About Govtech Fund

The Govtech Fund is the first-ever venture capital fund dedicated to government technology startups.

Govtech Fund Headquarter Location

912 Cole Street Unit 174

San Francisco, California, 94117,

United States

415-425-6828

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Latest Govtech Fund News

Merit Raises $50M in Series B Funding

Jan 13, 2022

Merit , a Millbrae, Calif.-based verified identity platform, raised $50M in Series B funding, bringing the total raised to date to $80M. The round was led by Rose Park Advisors with participation from a16z, Bow Capital, Govtech Fund, Experian Ventures, Spike Ventures, InState Capital, Ricardo Villela Marino, Jaan Tallinn’s Metaplanet Holdings, Ram Shriram, and others. The company intends to use the funds to expand into new business lines and use cases, and continue to build the ecosystem that allows entire industries to operate programmatically and reliably with trust, insight, and efficiency. Led by CEO Tomer Kagan, Merit has built a platform for capturing and enabling the value of verified identity, helping organizations coordinate people at scale by removing the need for a personal connection to create trust. More than 2,000 private, state, and municipal organizations are already participating in the ecosystem to solve critical real-world problems across workforce development, emergency services, licensing, education, defense readiness, and other sectors. FinSMEs 13/01/2022

Govtech Fund Investments

22 Investments

Govtech Fund has made 22 investments. Their latest investment was in Merit as part of their Series B on January 1, 2022.

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Govtech Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/12/2022

Series B

Merit

$50M

Yes

9

7/29/2021

Seed VC

roadIA

Yes

1

3/2/2021

Seed VC

Therma

$10.2M

Yes

2

1/12/2021

Series A

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$99M

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10

6/14/2019

Seed VC

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$99M

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10

Date

1/12/2022

7/29/2021

3/2/2021

1/12/2021

6/14/2019

Round

Series B

Seed VC

Seed VC

Series A

Seed VC

Company

Merit

roadIA

Therma

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Amount

$50M

$10.2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

9

1

2

10

10

Govtech Fund Portfolio Exits

3 Portfolio Exits

Govtech Fund has 3 portfolio exits. Their latest portfolio exit was SeamlessDocs on October 05, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/5/2020

Acquired

1

11/1/2018

Acquired

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10

10/30/2017

Acquired

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10

Date

10/5/2020

11/1/2018

10/30/2017

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

Acquirer

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Sources

1

10

10

Govtech Fund Fund History

3 Fund Histories

Govtech Fund has 3 funds, including Govtech Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/15/2018

Govtech Fund II

Early-Stage Venture Capital

Closed

$25M

5

6/15/2018

Govtech Fund Management II

$99M

10

9/15/2014

Govtech Fund I

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$99M

10

Closing Date

6/15/2018

6/15/2018

9/15/2014

Fund

Govtech Fund II

Govtech Fund Management II

Govtech Fund I

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$25M

$99M

$99M

Sources

5

10

10

Govtech Fund Team

1 Team Member

Govtech Fund has 1 team member, including current Managing Partner, Ron Bouganim.

Name

Work History

Title

Status

Ron Bouganim

Managing Partner

Current

Name

Ron Bouganim

Work History

Title

Managing Partner

Status

Current

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