Yesterday the government technology market was abuzz regarding the announcement of the Govtech Fund. The GovTech Fund is a 23 million dollar venture capital fund established to provide investment funding for startups within the government technology market.  Raising capital for companies that build solutions for government is no easy task, but this announcement shows that the market is in the midst of a major transition. Over the past year, there are been an increasing number of notable investments in government technology companies, starting with a 15 million dollar investment by Andreessen Horowitz in OpenGov. As the market continues to expand, the Govtech Fund’s specialized-focus will lend it to being an invaluable resource for startups that set their sites on building technology to solve problems for government.

Read more about our coverage of the Govtech Fund here.

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