How many total GovTech companies are there?

As of Aug 2026, there are 3,299 active companies in GovTech sector.

Which countries have the most GovTech companies?

United States (1,836) has the highest number of GovTech companies, followed by United Kingdom (232) and India (228).

How many GovTech companies are funded?

As of Aug 2026, 842 companies in this sector have received funding.

Which company has raised the most funding in GovTech sector?

As of Aug 2026, Flock Safety has secured $658M in funding, making it the highest-funded company in the GovTech sector.

Which country has attracted the most investment in GovTech companies?

With $7.4B in total funding, United States has attracted the most investment among GovTech companies.

Who are the top investors in GovTech companies?

The top investors in GovTech companies by number of investments are Europa, Y Combinator and Techstars

How much venture capital has GovTech sector attracted?

In the last 10 years, venture capital firms have invested $4.01B in this sector.

How many unicorns has GovTech sector produced?

Globally, there are 3 unicorns in GovTech sector, to date.

GovTech - 2026 Market & Investments Trends

There are 3.92K companies in the GovTech sector across the world, with 842 funded companies having collectively raised $12B in venture capital money and private equity. Overall 584 of these are Series A+ funded and the sector has seen the creation of 3 Unicorns.

GovTech sector has seen 387 acquisitions and 55 IPOs. This represents almost 11.3% of all such companies - which is higher than the 4.5% 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 included in GovTech sector

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.

Companies excluded in GovTech sector

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.

Key Metrics

Total Companies

3.92K

Top Companies

CivicPlus, Accela & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

387

Also known as

Government Tech or Government Software Tech

View complete details of this sector

The market map of GovTech gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Trending business models in GovTech sector are Law Enforcement Management Tools and Emergency Incident and Response Management.

Recent BlueBox/Industry Definition image of GovTech

Here are some reports related to GovTech sector:

Free

GovTech - Sector Report

Edition: July, 2026 (71 Pages)

Premium

GovTech Investor Landscape

Edition: July, 2025 (12 Pages)

Premium

GovTech Exit Landscape

Edition: July, 2026 (13 Pages)

View all reports related to GovTech. Sign up today!

There are more than 3.92K companies in GovTech. CivicPlus is the top GovTech company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top GovTech companies globally:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
CivicPlus	Website development, HR management, and emergency notification systems for government agencies	Manhattan (United States)	1998	Series D	$474M
Accela	Suite of administrative tools and civic engagement platform	San Ramon (United States)	1999	Acquired	$236M
EMudhra	Provider of digital signature certificates, PKI, and e-signature solutions	Bengaluru (India)	2008	Public	$26.2M
Tyler Tech	Provider of software and services for the public sector agencies	Plano (United States)	1966	Public	-
Axon	Provider of cloud-based evidence management platform	Scottsdale (United States)	1993	Public	-

Get a longer list of companies

Companies founded year-on-year in the GovTech sector

164 new startups have been founded so far in 2026 in the GovTech sector. 230 GovTech startups were founded in 2019 - 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	164
2025	42
2024	70
2023	61
2022	40
2021	88
2020	190
2019	230
2018	210
2017	165

Companies founded across countries in the GovTech sector

United States has 1,836 GovTech startups, the most by any country, followed by United Kingdom which has 232 startups and India which has 228.

Total Number of Companies

Country	No. of companies
United States	1,836
United Kingdom	232
India	228
Canada	202
Germany	155
Australia	94
France	91
Spain	63
Italy	52
Netherlands	47

Stage-wise distribution of the GovTech sector

Out of the total 3,921 GovTech companies, 842 have secured funding. Among them, 584 have reached Series A or higher, and 498 to Series B or beyond.

Founded - 3,921

Funded - 842

Series A+ - 584

Series B+ - 498

Series C+ - 471

Company Stage	No. of companies
Founded	3,921
Funded	842
Series A+	584
Series B+	498
Series C+	471

Want to know more about GovTech ? Signup and explore Tracxn for free

3.9K+ Total Companies
$12B+ Total Funding
840+ Funded Companies
50+ IPOs
385+ Acquisitions
10+ Reports

Total funding year-on-year in the GovTech sector

The GovTech sector saw a total funding of more than $9.36B 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 $514M in 2026 till date.

Total Funding

Year	Total Funding
2026	$514M
2025	$1.54B
2024	$493M
2023	$330M
2022	$1.43B
2021	$1.88B
2020	$567M
2019	$915M
2018	$1.29B
2017	$406M

Total funding across countries in the GovTech sector

In the last 10 years, GovTech startups in United States have recieved the highest funding among all countries - $7.4B. Canada follows with $753M and Israel with $401M.

Total Funding

Country	Total Funding
United States	$7.4B
Canada	$753M
Israel	$401M
United Kingdom	$103M
India	$56M
China	$44.7M
France	$30M
Spain	$17.8M
Germany	$10.1M
Italy	$7.86M

Total funding amount raised by stage in the GovTech sector

Over the last 10 years, the GovTech sector have seen $389M into Seed Stage funding rounds, $2.53B into Early Stage funding rounds and $2.87B go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$2.87B
Early Stage	$2.53B
Post IPO	$1.73B
Debt	$941M
PE	$558M
Seed Stage	$389M
Grant	$98.4M
ICO	$15M

Recent Funding Rounds in GovTech

In the year 2026, till July 2026, GovTech companies have raised $513M in equity funding across 34 rounds. In the same period last year (i.e. till July 2025), GovTech companies had raised $830M across 33 rounds. So, 2026 has seen a 38.24% drop in funding in GovTech companies as compared to 2025.

Here are some recent, important funding rounds in GovTech:

Company	Round Raised	Amount Raised	Funding Date	Investors
Apaluma	Seed	7988	Jul 20, 2026	Crosslink Capital and 5 more
Xylo	Seed	3713	Jul 01, 2026	CapitalT and 5 more
Peregrine.io	Series D	2406	Jun 24, 2026	Fifth Down Capital and 5 more
Turnout	Series A	4269	Jun 11, 2026	Highpost Capital and 5 more
Innefu Labs	Series B	3603	Jun 04, 2026	Panthera

See a more detailed list of funding rounds

Europa is the top investor in GovTech companies based on number of companies invested.

Here are some top investors in GovTech:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Fabasoft, Regula, Scytl and Technosylva
Y Combinator	Mountain View (United States)	Flock Safety, Remix, PromisePay and GovPredict
Techstars	New York City (United States)	coUrbanize, Urban SDK, Voatz and Plural
Village Capital	Washington, DC (United States)	Uptrust, Zippr, Beam and Haqdarshak
Govtech Fund	San Francisco (United States)	Mark43, Indigov, Therma and Binti

See a more detailed list of investors

In the year 2026, till July 2026, 11 acquisitions happened in GovTech sector. Last year, in 2025, a total of 29 acquisitions happened in GovTech sector.

Here are some recent, important acquisitions in GovTech:

Company	Acquisition Type	Acquisition Date	Acquirers
Instatrac	Business Acquisition	Jul 16, 2026	Boston Globe Media
Sentinel	Business Acquisition	Jul 06, 2026	Allied Universal
Cohero	Business Acquisition	Jun 26, 2026	Computer Information Systems
M·3 Informatics	Business Acquisition	Jun 11, 2026	Banyan Software
Gyosei Systems Research Institute	Business Acquisition	Apr 28, 2026	Graffer

See a more detailed list of acquisitions

Acquisition trends in GovTech

Here are the acquisition trends in GovTech:

Total Number of Acquisitions

Year	No. of companies
2026	11
2025	29
2024	30
2023	23
2022	29
2021	43
2020	36
2019	30
2018	33
2017	31

In the year 2024, till February 2024, 1 IPO happened in GovTech sector.

Here are some recent, important IPOs in GovTech:

Company	IPO Date	Exchange Symbol
BLS E Services	Feb 06, 2024	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
EMudhra	Jun 01, 2022	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
Cellebrite	Aug 31, 2021	National Association of Securities Dealers Automated Quotations (NASDAQ)
Big Technologies	Jul 28, 2021	London Stock Exchange (LSE)
Magnet Forensics	Apr 27, 2021	Toronto Stock Exchange (TSX)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the GovTech sector

Most number of GovTech startups have been founded by alumni from Harvard University, Stanford University and University of Pennsylvania.

College	No. of companies
Harvard University	18
Stanford University	16
University of Pennsylvania	11
University of California (Berkeley)	10
University of California (Los Angeles)	10
Carnegie Mellon University	9
Cornell University	8
Harvard Business School	8
Massachusetts Institute of Technology	8
Yale University	8

Total funding in companies founded by alumni from top colleges in the the GovTech sector

In the last 10 years, Harvard University graduates' GovTech companies 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	$1.38B
University of Chicago	$950M
Booth School of Business	$941M
Massachusetts Institute of Technology	$614M
Stanford University	$402M
Yale University	$320M
University of California (Berkeley)	$142M
Cornell University	$128M
Tel Aviv University	$117M
IIT Delhi	$73.5M