Govtech Fund raises $20.75 mln toward $25 mln target

Govtech Fund has raised $20.75 million toward a targeted $25 million second fund, according to a regulatory filing. The San Francisco-based firm invests in startups in the global government software and IT market, according to its website, and is led by Ron Bouganim. Thus far, 29 investors have committed to the fund. Tim O’Reilly of O’Reilly Media and O’Reilly AlphaTech Ventures, is listed as an adviser at Govtech.

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