About GovTech
There are 4.42K companies in the GovTech sector across the world, with 856 funded companies having collectively raised $12.1B in venture capital money and private equity. Overall 596 of these are Series A+ funded and the sector has seen the creation of 3 Unicorns.
GovTech sector has seen 390 acquisitions and 60 IPOs. This represents almost 10.2% of all such companies - which is higher than the 4.3% 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.Market Map of GovTech
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.
Reports related to GovTech
Here are some reports related to GovTech sector:
Free
GovTech - Sector Report
Edition: August, 2026 (71 Pages)
Premium
GovTech Investor Landscape
Edition: July, 2025 (12 Pages)
Premium
GovTech Exit Landscape
Edition: August, 2026 (15 Pages)
View all reports related to GovTech. Sign up today!Top Companies in GovTech
There are more than 4.42K companies in GovTech. Propel 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 |
|---|---|---|---|---|---|
Developer of mobile applications for managing government nutrition assistance benefits | Brooklyn (United States) | 2014 | Series B | $68.3M | |
Website development, HR management, and emergency notification systems for government agencies | Manhattan (United States) | 1998 | Series D | $474M | |
Suite of administrative tools and civic engagement platform | San Ramon (United States) | 1999 | Acquired | $236M | |
Provider of cloud-based evidence management platform | Scottsdale (United States) | 1993 | Public | - | |
Provider of digital signature certificates, PKI, and e-signature solutions | Bengaluru (India) | 2008 | Public | $26.2M |
Companies founded year-on-year in the GovTech sector
240 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 | 240 |
2025 | 132 |
2024 | 99 |
2023 | 74 |
2022 | 47 |
2021 | 93 |
2020 | 193 |
2019 | 235 |
2018 | 215 |
2017 | 170 |
Companies founded across countries in the GovTech sector
United States has 1,978 GovTech startups, the most by any country, followed by India which has 255 startups and United Kingdom which has 244.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 1,978 |
India | 255 |
United Kingdom | 244 |
Canada | 215 |
Germany | 178 |
France | 100 |
Australia | 100 |
Spain | 68 |
Netherlands | 64 |
Brazil | 58 |
Stage-wise distribution of the GovTech sector
Out of the total 4,417 GovTech companies, 856 have secured funding. Among them, 596 have reached Series A or higher, and 508 to Series B or beyond.
Founded - 4,417
Funded - 856
Series A+ - 596
Series B+ - 508
Series C+ - 479
Company Stage | No. of companies |
|---|---|
Founded | 4,417 |
Funded | 856 |
Series A+ | 596 |
Series B+ | 508 |
Series C+ | 479 |
Want to know more about GovTech ? Signup and explore Tracxn for free
- 4.4K+ Total Companies
- $12.1B+ Total Funding
- 855+ Funded Companies
- 55+ IPOs
- 385+ Acquisitions
- 10+ Reports
Funding Trends in the GovTech sector
Total funding year-on-year in the GovTech sector
The GovTech sector saw a total funding of more than $9.51B 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 $542M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $542M |
2025 | $1.6B |
2024 | $496M |
2023 | $324M |
2022 | $1.48B |
2021 | $1.88B |
2020 | $562M |
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 - $7.54B. Canada follows with $753M and Israel with $401M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $7.54B |
Canada | $753M |
Israel | $401M |
United Kingdom | $103M |
India | $56.4M |
France | $30M |
China | $29.7M |
Spain | $17.7M |
Germany | $9.94M |
Italy | $7.86M |
Total funding amount raised by stage in the GovTech sector
Over the last 10 years, the GovTech sector have seen $404M into Seed Stage funding rounds, $2.64B into Early Stage funding rounds and $2.87B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $2.87B |
Early Stage | $2.64B |
Post IPO | $1.73B |
Debt | $941M |
PE | $558M |
Seed Stage | $404M |
Grant | $102M |
ICO | $15M |
Recent Funding Rounds in GovTech
In the year 2026, till August 2026, GovTech companies have raised $541M in equity funding across 38 rounds.
In the same period last year (i.e. till August 2025), GovTech companies had raised $1.25B across 38 rounds.
So, 2026 has seen a 56.75% 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 |
|---|---|---|---|---|
Series A | 7160 | Aug 31, 2026 | and 1 more | |
Seed | 4442 | Aug 26, 2026 | ||
Series A | 7923 | Aug 21, 2026 | and 3 more | |
Seed | 9459 | Jul 20, 2026 | ||
Seed | 7393 | Jul 01, 2026 |
Top Investors in GovTech
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 |
|---|---|---|
Mountain View (United States) | ||
New York City (United States) | ||
Washington, DC (United States) | ||
New York City (United States) |
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M&A activity in GovTech
In the year 2026, till July 2026, 13 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 |
|---|---|---|---|
Business Acquisition | Jul 31, 2026 | ||
Business Acquisition | Jul 16, 2026 | ||
Business Acquisition | Jul 06, 2026 | ||
Business Acquisition | Jun 26, 2026 | ||
Business Acquisition | Jun 11, 2026 |
Acquisition trends in GovTech
Here are the acquisition trends in GovTech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 13 |
2025 | 29 |
2024 | 30 |
2023 | 24 |
2022 | 29 |
2021 | 43 |
2020 | 37 |
2019 | 30 |
2018 | 33 |
2017 | 32 |
IPOs in GovTech
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 |
|---|---|---|
Feb 06, 2024 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jun 01, 2022 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Aug 31, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jul 28, 2021 | London Stock Exchange (LSE) | |
Apr 27, 2021 | Toronto Stock Exchange (TSX) |
Colleges which produce the most GovTech companies
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 (Berkeley).
College | No. of companies |
|---|---|
Stanford University | 23 |
Harvard University | 17 |
University of California (Berkeley) | 11 |
University of California (Los Angeles) | 11 |
University of Pennsylvania | 11 |
Carnegie Mellon University | 10 |
Cornell University | 9 |
Harvard Business School | 8 |
Massachusetts Institute of Technology | 8 |
University of Oxford | 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 | $1.35B |
University of Chicago | $950M |
Booth School of Business | $941M |
Massachusetts Institute of Technology | $614M |
Stanford University | $474M |
Yale University | $320M |
University of California (Berkeley) | $214M |
Cornell University | $128M |
Tel Aviv University | $117M |
IIT Delhi | $73.5M |
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