About GovTech sector in North America
The GovTech sector in North America comprises 2.01K companies, including 562 funded companies having collectively raised $11B in venture capital money and private equity. Out of these, 427 are Series A+ funded, and 2 have achieved unicorn status.
GovTech sector in North America has seen 305 acquisitions and 14 IPOs. This represents almost 15.9% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes government technologies are digital solutions developed for governments and public sector agencies at various levels, for automating their operations and service delivery mechanisms.
GovTech sector is also known as Government Tech or Government Software Tech.
Companies providing software tools that help public agencies and governments in administration (budgeting, taxation, public procurement, election management) and service delivery. Also included are software and tools that enable communication between citizens and government, empowering citizens to participate in the government decision-making process. Consulting companies, service providers, resellers, system integrators, solutions for smart cities and utilities, tools and solutions for the education sector and horizontal solutions with the government market being one of the vertical are excluded.
Top GovTech Companies in North America
There are 2,012 GovTech startups in North America which include Accela, Tyler Tech, RapidSOS, OpenGov, Neighborly. Out of these, 562 startups are funded, with 427 having secured Series A+ funding, and 2 achieving unicorn status.
Over the past 10 years, an average of 51 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University, Massachusetts Institute of Technology and University of Pennsylvania.
Here is the list of top GovTech startups in North America
1. Accela
Suite of administrative tools and civic engagement platform. It provides both on-premises and cloud solutions to governments for land, permitting, asset, licensing, right-of-way, legislative management, and resource and recreation management processes. The solutions are targeted towards city, county, state, and federal government agencies. Claims to have more than 2200 local and state government customers and more than 50% of cities in the U.S are permitting/licensing customers. Acquired Publicstuff, Springbook software, and Softright in 2015; Acquired Decade Software Company, Government Outreach, Kinsail, Envista, IQM2, GeoTMS in 2014.
Key facts about Accela
- Founded Year: 1999
- Location: San Ramon (United States)
- Stage: Acquired
- Total Funding till date: $236M
- Investors: Bregal Sagemount, Francisco Partners and 8 Others
- Latest Funding Round: Series F, Sep 06, 2023, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 5 of 724 Competitors
2. Tyler Tech
Cloud-based suite solutions for government organization. It offers features such as human resources, financials, citizen services, and utility billing. It also provides centralized ERP solutions to manage financial management, human capital management, revenue management, asset management, billing, and planning. Platform improves situation awareness, safety and productivity for public safety professionals.
Key facts about Tyler Tech
- Founded Year: 1966
- Location: Plano (United States)
- Stage: Public
- Latest Funding Round: Post IPO, Mar 05, 2021, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 8 of 751 Competitors
3. RapidSOS
Online emergency communication and response system. Platform links life-saving data from connected devices, apps, and sensors to 911 and first responders globally. It includes data such as location, health profiles, vehicle telematics, alarm and building data, and more.
Key facts about RapidSOS
- Founded Year: 2012
- Location: New York City (United States)
- Stage: Series E
- Total Funding till date: $508M
- Investors: Highland Capital Partners, Apax and 44 Others
- Latest Funding Round: Series E, Nov 19, 2025, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 101 Competitors
4. OpenGov
Provider of software for government financial data visualization. OpenGov offers cloud-based software that visualizes municipal financial data, allowing governments to access, analyze, and share that data with the public. Its software platform allows government officials and average citizens to access government financial data.
Key facts about OpenGov
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $182M
- Investors: Sound Ventures, Glynn Capital and 38 Others
- Latest Funding Round: Series E, 2021, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 12 of 724 Competitors
5. Neighborly
Online platform for bond management. It is partnering with the cities, communities, and organizations to create rewarding opportunities for citizens and with companies and institutions to earn perks. It allows everyone to invest in municipal bonds to support city projects. The investor gets the capital back plus interest.
Key facts about Neighborly
- Founded Year: 1981
- Location: Waco (United States)
- Stage: Acquired
- Total Funding till date: $35M
- Investors: Sound Ventures, Emerson Collective and 25 Others
- Latest Funding Round: Series A, May 2018, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 1 Competitors
Companies founded year-on-year in the GovTech sector in North America
109 GovTech startups in North America were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 7 |
2024 | 34 |
2023 | 30 |
2022 | 18 |
2021 | 48 |
2020 | 85 |
2019 | 94 |
2018 | 109 |
2017 | 94 |
Stage-wise distribution of GovTech sector companies in North America
Out of the total 2,012 GovTech companies in North America, 562 have secured funding. Among them, 427 have reached Series A or higher, and 362 to Series B or beyond.
Founded - 2,012
Funded - 562
Series A+ - 427
Series B+ - 362
Series C+ - 342
Company Stage | No. of companies |
|---|---|
Founded | 2,012 |
Funded | 562 |
Series A+ | 427 |
Series B+ | 362 |
Series C+ | 342 |
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Funding Trends in the GovTech sector in North America
Total funding year-on-year in the GovTech sector in North America
The GovTech sector in North America saw a total funding of more than $8.53B in the last 10 years. The most amount of funding was in 2021 at more than $1.88B. There has been a total funding of $28M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $28M |
2025 | $1.57B |
2024 | $581M |
2023 | $319M |
2022 | $1.4B |
2021 | $1.88B |
2020 | $414M |
2019 | $819M |
2018 | $1.17B |
2017 | $355M |
Recent Funding Rounds in GovTech in North America
In the year 2026, till January 2026, GovTech companies in North America have raised $28M in equity funding across 1 round.
In the same period last year (i.e. till January 2025), GovTech companies in North America had raised $2.7M across 2 rounds.
So, 2026 has seen a 937.04% rise in funding in GovTech companies in North America as compared to 2025.
Here are some recent, important funding rounds in GovTech companies in North America:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 3783 | Jan 07, 2026 | ||
Seed | 8097 | Dec 19, 2025 | - | |
Series E | 1214 | Nov 19, 2025 | ||
Seed | 7685 | Nov 18, 2025 | ||
Series A | 7272 | Nov 05, 2025 | and 4 more |
Top Investors in GovTech in North America
Y Combinator is the top investor in GovTech companies in North America based on number of companies invested.
Here are some top investors in GovTech companies in North America:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Mountain View (United States) | ||
New York City (United States) | ||
Washington, DC (United States) | ||
San Francisco (United States) | ||
Ho Chi Minh City (Vietnam) |
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M&A activity in GovTech sector in North America
In the year 2025, till December 2025, 19 acquisitions happened in GovTech sector in North America. Last year, in 2024, a total of 20 acquisitions happened in GovTech sector in North America.
Here are some recent, important acquisitions in GovTech sector in North America:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 15, 2025 | ||
Business Acquisition | Dec 01, 2025 | ||
Business Acquisition | Nov 19, 2025 | ||
Business Acquisition | Nov 04, 2025 | ||
Business Acquisition | Oct 29, 2025 |
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Acquisition trends in GovTech sector in North America
Here are the acquisition trends in GovTech sector in North America:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 19 |
2024 | 20 |
2023 | 18 |
2022 | 25 |
2021 | 34 |
2020 | 26 |
2019 | 16 |
2018 | 31 |
2017 | 28 |
IPOs in GovTech in North America
In the year 2021, till April 2021, 1 IPO happened in GovTech sector in North America.
Here are some recent, important IPOs in GovTech sector in North America:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 27, 2021 | Toronto Stock Exchange (TSX) | |
Jan 16, 2020 | Canadian Securities Exchange (CSE) | |
Apr 26, 2019 | OTC Markets (OTCMKTS) | |
Jun 21, 2018 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jun 07, 2017 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most GovTech companies in North America
Companies founded by alumni from top colleges in the GovTech in North America
Most number of GovTech startups in North America have been founded by alumni from Harvard University, Massachusetts Institute of Technology and University of Pennsylvania.
College | No. of companies |
|---|---|
Harvard University | 25 |
Massachusetts Institute of Technology | 18 |
University of Pennsylvania | 18 |
University of California (Berkeley) | 17 |
Stanford University | 16 |
University of California (Los Angeles) | 12 |
Carnegie Mellon University | 11 |
Cornell University | 11 |
Harvard Business School | 10 |
University of Chicago | 9 |
Total funding in GovTech companies founded by alumni from top colleges in North America
In the last 10 years, Harvard University graduates' GovTech companies in North America have raised the most funding among top colleges. University of Chicago alumni are second, and Booth School of Business alumni are third.
College | Total Funding |
|---|---|
Harvard University | $1.93B |
University of Chicago | $970M |
Booth School of Business | $961M |
Massachusetts Institute of Technology | $719M |
Harvard Business School | $540M |
University of California (Berkeley) | $501M |
Stanford University | $414M |
Yale University | $340M |
Cornell University | $87.7M |
University of Pennsylvania | $79.1M |
Top News in GovTech in North America
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SoundThinking Opens New Alert Review Center in Orlando, Establishes Permanent HubGlobeNewswire•Dec 17, 2025•SoundThinking
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Juvare and PowerOutage.com Partner to Deliver Real-Time Power Outage Intelligence within WebEOCGlobeNewswire•Dec 02, 2025•Juvare,
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i3 Verticals Reports Fourth Quarter and Full Fiscal Year 2025 Financial ResultsBusiness Wire•Nov 18, 2025•i3 Verticals
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Versaterm Partners with Vantage Robotics to Expand Drone AccessibilityGlobeNewswire•Oct 20, 2025•Versaterm, Vantage Robotics
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Utility Soma Global, STRAX Intelligence, and Kologik Rebrand as CoreforceBusiness Wire•Oct 14, 2025•Kologik, STRAX Intelligence, SOMA Global
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Springbrook Software Launches Cirrus Asset Management for Local GovernmentGlobal FinTech Series•Oct 07, 2025•Springbrook Software
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Eufaula Water Works Emerges as a Leader in Municipal Utilities with Modern Tech via OpenGovPR Newswire•Oct 07, 2025•OpenGov,
