GovTech Fund, an investment firm focused on funding civic tech startups, has closed its second fund on $25 million. The firm’s second fund is roughly the same size as its debut vehicle which closed on $23 million in 2014.
The second fund is partially invested, having backed four companies, including Glimpse which identifies and evaluates school district eROI (education return on investment) for every product, program, service or strategy implemented in a classroom and Sema, which transforms legacy software code maintenance for government and industry software systems.
The firm is also launching a product advisory council that includes several form public sector leaders. The inaugural membership includes:
- Jascha Franklin-Hodge: former Chief Information Officer, City Of Boston
- Luke McCormack: former Chief Information Officer at the Department Of Homeland Security, Department Of Justice, and Immigration And Customs Enforcement
- Jay Nath: former Chief Innovation Officer for San Francisco and currently the co-executive director of City Innovate
- Stephanie Rawlings-Blake: former mayor of Baltimore
- Kirk Talbott: Deputy CIO and Executive Director of Smart City initiatives for the City of Atlanta
Council members have signed a non-lobbying pledge to affirm their commitment to exclusively provide product advice.