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.FUNDRAISERS: Don't miss PartnerConnect East 2018 on March 19-21 in Boston, with more than 150 speakers, 200 LPs and 300 fund managers, bankers and lenders. CLICK FOR DETAILS!