How many total GovTech companies are there?

As of Nov 2026, there are 4,519 active companies in GovTech sector.

Which countries have the most GovTech companies?

United States (2,181) has the highest number of GovTech companies, followed by India (301) and United Kingdom (273).

How many GovTech companies are funded?

As of Nov 2026, 895 companies in this sector have received funding.

Which company has raised the most funding in GovTech sector?

As of Nov 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 $7.67B 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, Ojp and Hud Exchange

How much venture capital has GovTech sector attracted?

In the last 10 years, venture capital firms have invested $4.26B 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 5.14K companies in the GovTech sector across the world, with 895 funded companies having collectively raised $12.8B in venture capital money and private equity. Overall 607 of these are Series A+ funded and the sector has seen the creation of 3 Unicorns.

GovTech sector has seen 398 acquisitions and 62 IPOs. This represents almost 8.9% of all such companies - which is higher than the 3.8% 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

5.14K

Top Companies

Accela, CivicPlus & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

398

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: October, 2026 (71 Pages)

Premium

GovTech Investor Landscape

Edition: July, 2025 (12 Pages)

Premium

GovTech Exit Landscape

Edition: October, 2026 (15 Pages)

View all reports related to GovTech. Sign up today!

There are more than 5.14K companies in GovTech. Accela 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
Accela	Suite of administrative tools and civic engagement platform	San Ramon (United States)	1999	Acquired	$236M
CivicPlus	Website development, HR management, and emergency notification systems for government agencies	Manhattan (United States)	1998	Series D	$474M
Tyler Tech	Provider of software and services for the public sector agencies	Plano (United States)	1966	Public	-
eMudhra	Provider of digital signature certificates, PKI, and e-signature solutions	Bengaluru (India)	2008	Public	$26.2M
Propel	Developer of mobile applications for managing government nutrition assistance benefits	Brooklyn (United States)	2014	Series B	$68.3M

Get a longer list of companies

Companies founded year-on-year in the GovTech sector

256 new startups have been founded so far in 2026 in the GovTech sector. 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	256
2025	202
2024	140
2023	90
2022	57
2021	108
2020	208
2019	246
2018	222
2017	176

Companies founded across countries in the GovTech sector

United States has 2,181 GovTech startups, the most by any country, followed by India which has 301 startups and United Kingdom which has 273.

Total Number of Companies

Country	No. of companies
United States	2,181
India	301
United Kingdom	273
Canada	237
Germany	234
France	117
Australia	109
Brazil	89
Spain	82
Netherlands	79

Stage-wise distribution of the GovTech sector

Out of the total 5,141 GovTech companies, 895 have secured funding. Among them, 607 have reached Series A or higher, and 520 to Series B or beyond.

Founded - 5,141

Funded - 895

Series A+ - 607

Series B+ - 520

Series C+ - 491

Company Stage	No. of companies
Founded	5,141
Funded	895
Series A+	607
Series B+	520
Series C+	491

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

5.1K+ Total Companies
$12.8B+ Total Funding
890+ Funded Companies
60+ IPOs
395+ Acquisitions
10+ Reports

Total funding year-on-year in the GovTech sector

The GovTech sector saw a total funding of more than $9.84B in the last 10 years. The most amount of funding was in 2021 at more than $1.91B. There has been a total funding of $669M in 2026 till date.

Total Funding

Year	Total Funding
2026	$669M
2025	$1.59B
2024	$591M
2023	$404M
2022	$1.48B
2021	$1.91B
2020	$568M
2019	$915M
2018	$1.31B
2017	$412M

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 - $7.67B. Canada follows with $740M and Israel with $360M.

Total Funding

Country	Total Funding
United States	$7.67B
Canada	$740M
Israel	$360M
Italy	$152M
United Kingdom	$116M
India	$57.4M
France	$29.8M
China	$29.7M
Spain	$15.9M
Germany	$9.94M

Total funding amount raised by stage in the GovTech sector

Over the last 10 years, the GovTech sector have seen $410M into Seed Stage funding rounds, $2.67B into Early Stage funding rounds and $2.91B go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$2.91B
Early Stage	$2.67B
Post IPO	$1.72B
Debt	$1.08B
PE	$558M
Seed Stage	$410M
Grant	$132M
ICO	$15M

Recent Funding Rounds in GovTech

In the year 2026, till October 2026, GovTech companies have raised $531M in equity funding across 44 rounds. In the same period last year (i.e. till December 2025), GovTech companies had raised $1.52B across 52 rounds. So, 2026 has seen a 65.11% 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
CulturePulse	Series A	9903	2026	Final Frontier
Tablet Command	Seed	7940	Sep 16, 2026	TPG
Cato	Seed	3112	Sep 07, 2026	Keen Venture Partners
Blue Voice	Series A	7189	Aug 31, 2026	SignalFire and 3 more
Azonic	Seed	5003	Aug 26, 2026	Blackbird Ventures and 4 more

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, Fotokite, Technosylva and Novoville
Ojp	United States	Drakontas, CRIMEWATCH, Smcgov and Regional Information Sharing Systems
Hud Exchange	Washington (United States)	Ri, Smcgov, Municipal Online Payments and Mistulsa
Military Health	Falls Church (United States)	Ri, Kimetrica and Turing Innovations
Y Combinator	Mountain View (United States)	Flock Safety, Remix, PromisePay and Just Appraised

See a more detailed list of investors

In the year 2026, till October 2026, 18 acquisitions happened in GovTech sector. Last year, in 2025, a total of 31 acquisitions happened in GovTech sector.

Here are some recent, important acquisitions in GovTech:

Company	Acquisition Type	Acquisition Date	Acquirers
Keystone Public Safety	Business Acquisition	Oct 14, 2026	Recur Software
Voicescape	Business Acquisition	Sep 30, 2026	-
Learned Hand	Business Acquisition	Sep 30, 2026	Clio
SoundThinking	Business Acquisition	Sep 29, 2026	Transom Capital Group
CODY Systems	Business Acquisition	Jul 31, 2026	Tyler Tech

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	18
2025	31
2024	30
2023	24
2022	30
2021	43
2020	37
2019	30
2018	33
2017	32

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 Stanford University, Harvard University and University of California (Los Angeles).

College	No. of companies
Stanford University	26
Harvard University	22
University of California (Los Angeles)	17
University of California (Berkeley)	14
Carnegie Mellon University	12
University of Pennsylvania	12
Harvard Business School	11
Cornell University	10
Massachusetts Institute of Technology	10
Yale University	9

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	$1.35B
University of Chicago	$950M
Booth School of Business	$941M
Massachusetts Institute of Technology	$661M
Stanford University	$474M
Yale University	$320M
University of California (Berkeley)	$214M
Cornell University	$128M
Tel Aviv University	$117M
Bar-Ilan University	$85.5M