Finding the right investor for your govtech startup can feel like a huge challenge. But there are many firms actively funding companies that aim to improve public services.
Firms like Insight Partners have made over 1,200 investments, while others such as 8VC have backed more than 580 companies. This shows there's real capital available for founders with strong ideas.
Below is our list of the best 12 GovTech VC firms.
Failory's Top 10 Picks
Tool
Fundraising OS
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Insight Partners backs growth-stage software and technology companies, providing capital and expertise in sectors from Fintech and Cybersecurity to AI and Healthcare. They have helped build a portfolio that includes household names like Twitter, Docusign, and Shopify, driven by a core belief that growth creates opportunity.
| Headquarters | New York, New York, United States |
| Year Founded | 1995 |
| Founders | Jeff Horing, Jerry Murdock |
| Total Funding | $46.1B |
| Average Check Size | $20M |
| Industries | Crypto & Blockchain, Cybersecurity, Devops, E-Commerce, Education, Fintech, Government Technology, Healthcare, Supply Chain & Logistics, Proptech & Real Estate, Future of Work, AI & ML, API, Food & Beverage, Marketplace, Legal, Infrastructure |
| Investment Stage | Convertible Note, Debt, Early Stage, Late Stage, Private Equity, Seed, Series A, Growth |
| Nº of Investments | 1209 (786 as Lead Investor) |
| Nº of Exits | 263 (53 IPO'd) |
| Top Portfolio Startups | Twitter, Docusign, Shopify |
| Contact | growth@insightpartners.com / 212-230-9200 |
Draper Associates backs founders at the earliest stages, investing globally in companies with the potential to revolutionize their industries. Their track record includes backing foundational companies like Tesla, SpaceX, and Coinbase, helping them grow from early ideas into market-defining businesses.
| Headquarters | San Mateo, California, United States |
| Year Founded | 2015 |
| Founders | Tim Draper |
| Total Funding | $230M |
| Industries | Government Technology, Life Sciences, Biotech, Food & Beverage, Crypto & Blockchain, Education, Energy, Fintech, Healthcare, Mobility, Legal, Aerospace & Space |
| Investment Stage | Crowdfunding, Early Stage, Non Equity Assistance, Private Equity, Seed |
| Nº of Investments | 436 (123 as Lead Investor) |
| Nº of Exits | 73 (7 IPO'd) |
| Top Portfolio Startups | Phantom Neuro, UnumID, sHMOODY |
| Contact | plans@draper.vc |
8VC partners with founders to build companies that aim to transform major industries through technology and life sciences. The firm invests across sectors from healthcare and biotech to logistics and government technology, with a focus on creating long-term economic and societal value.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | Drew Oetting, Jake Medwell, Joe Lonsdale |
| Total Funding | $425M |
| Industries | Healthcare, Biotech, Consumer, Enterprise, Supply Chain & Logistics, Government Technology, Life Sciences, Manufacturing, Fintech |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 586 (178 as Lead Investor) |
| Nº of Exits | 56 (10 IPO'd) |
| Top Portfolio Startups | Unlearn, Theia, BigHat Bioscience |
| Contact | media@8vc.com |
Bonfire Ventures leads Seed rounds for founders creating business software solutions. The firm concentrates exclusively on the B2B space, providing the focused support and capital for these companies to scale and transform their industries.
| Headquarters | Santa Monica, California, United States |
| Year Founded | 2017 |
| Founders | Jim Andelman, Mark Mullen |
| Total Funding | $421M |
| Average Check Size | $3M |
| Industries | Crypto & Blockchain, Future of Work, Transportation, Supply Chain & Logistics, E-Commerce, SaaS, Enterprise, Government Technology, Industrial, Cloud, Healthcare |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 177 (62 as Lead Investor) |
| Nº of Exits | 47 (2 IPO'd) |
| Top Portfolio Startups | Gilded, Telgorithm, Atrium |
| Contact | info@bonfirevc.com |
From Yahoo! co-founder Jerry Yang, AME Cloud Ventures funds data-centric companies at every stage, from seed to late-stage growth. With a portfolio including Evernote and Docker, the firm offers founders operational experience and a strong network of international partners, particularly in China.
| Headquarters | Palo Alto, California, United States |
| Year Founded | 2012 |
| Founders | Eli Harari, Jerry Chih Yuan Yang, Jerry Yang |
| Total Funding | $1.5B |
| Industries | Government Technology, Internet & Mobile, AI & ML, Deep Tech & Hard Science, Infrastructure |
| Investment Stage | Early Stage, Late Stage, Seed, Any |
| Nº of Investments | 316 (15 as Lead Investor) |
| Nº of Exits | 85 (16 IPO'd) |
| Top Portfolio Startups | Astra, Amiltree, Asimov |
| Contact | pr@amecloudventures.com / +1 415-609-8092 |
Harmony Partners backs high-growth software, internet, and tech-enabled companies during their expansion stage, with a portfolio that includes successes like Postmates, Priceline, and UiPath. They fill a gap in the market by operating without the typical constraints of traditional growth equity firms, like minimum check sizes or required ownership percentages.
| Headquarters | New York, New York, United States |
| Year Founded | 2011 |
| Founders | Mark Lotke |
| Total Funding | $385M |
| Average Check Size | $50M |
| Industries | Government Technology, Enterprise, Automation, SaaS |
| Investment Stage | Early Stage, Late Stage, Growth |
| Nº of Investments | 104 (31 as Lead Investor) |
| Nº of Exits | 40 (7 IPO'd) |
| Top Portfolio Startups | Anaplan, AppDynamics, Aveksa |
| Contact | (332) 373-2300 |
Osage Venture Partners backs early-stage, business-to-business software companies headquartered along the East Coast. They work closely with founders, providing the capital and support needed to scale their businesses.
| Headquarters | Bala Cynwyd, Pennsylvania, United States |
| Year Founded | 2005 |
| Founders | Robert Adelson |
| Total Funding | $331M |
| Average Check Size | $4M |
| Industries | Big Data & Analytics, Government Technology, Enterprise, SaaS |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 127 (38 as Lead Investor) |
| Nº of Exits | 26 |
| Top Portfolio Startups | Trinsic, Transeo, Anra Technology |
| Contact | hello@Crunchbase.com / 484-434-2255 |
AllegisCyber invests in early-stage companies developing technology for emerging markets, with a focus on cybersecurity. Their partnership with startup studio DataTribe and an integrated investment platform gives entrepreneurs a competitive edge in the market.
| Headquarters | San Francisco, California, United States |
| Year Founded | 1996 |
| Founders | Barry Weinman, Robert Ackerman |
| Total Funding | $468.7M |
| Average Check Size | $7M |
| Industries | Cybersecurity, Government Technology, Big Data & Analytics, IoT |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 124 (34 as Lead Investor) |
| Nº of Exits | 32 (1 IPO'd) |
| Top Portfolio Startups | Source Defense, Panaseer, SafeGuard Cyber |
| Contact | (415) 348-8868 |
As one of China's pioneering market-oriented venture firms, Fortune Venture Capital backs leading companies from early to late stages across sectors like TMT, consumer goods, and clean tech. They provide personalized support beyond capital to portfolio companies like Jollychic and Lakala, helping them achieve growth and successful public offerings.
| Headquarters | Shenzhen, Guangdong, China |
| Year Founded | 2000 |
| Founders | Liu Zhou |
| Industries | Internet & Mobile, Media, Government Technology, Enterprise, Healthcare, Manufacturing, Energy |
| Investment Stage | Early Stage, Late Stage, Series A, Series B |
| Nº of Investments | 314 (126 as Lead Investor) |
| Nº of Exits | 45 (44 IPO'd) |
| Top Portfolio Startups | Jollychic, Lakala, Huimin |
| Contact | Fortune@fortunevc.com |
Backstage Capital was built to invest in startups led by underrepresented founders in the U.S. They support companies from the pre-seed stage onward, building a portfolio that includes startups like Sēkr and Mahmee.
| Headquarters | Los Angeles, California, United States |
| Year Founded | 2015 |
| Founders | Arlan Hamilton |
| Industries | AI & ML, AR & VR, Enterprise, Consumer, Crypto & Blockchain, E-Commerce, Education, Fintech, Food & Beverage, Future of Work, Government Technology, Hardware, Healthcare, IoT, Marketplace, Media, Proptech & Real Estate, SaaS, Social, Travel & Hospitality, Automotive, Sports, Human Resources |
| Investment Stage | Convertible Note, Early Stage, Late Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 156 (23 as Lead Investor) |
| Nº of Exits | 6 |
| Top Portfolio Startups | Sēkr, Mahmee, Civic Eagle |
2 Additional Government Tech VC Firms Worth Pitching
Our main list covers some of the biggest names, but the field of investors is much wider. Combined, the next group of firms has funded almost 300 startups and helped guide nearly 40 of them to an exit.
These American VCs are also making important moves in the sector. Here are more firms worth getting to know as you look for funding.