GovPort, a Fairfax, VA-based SaaS subcontractor management portal for federal crime contrators, has raised $2.8 million in funding, bringing its total capital raised to $5.3 million.
Investors
The round was led by PruVen Capital, with participation from Fin Capital, with participation from existing investors including QED Investors, Humba Ventures, Cambrian Ventures, and NextGen Venture Partners.
PruVen Capital is a global, multistage venture capital firm backing founders building enduring companies in the largest verticals of the global economy. They invest in transformational startups in FinTech, InsurTech, HealthTech, Real Estate, and Enterprise IT.
GovPort Use of Funds
The company will use the funding to accelerate its growth.
About GovPort
GovPort provides a SaaS subcontractor management portal for federal prime contractors where subcontractors populate and maintain their records, with automated reminders of expirations, deadlines, and deliverables. GovPort Technologies specializes in helping prime federal contractors streamline compliance tasks and reduce administrative costs through automation. Their platform creates a digital, auditable trail of subcontractor compliance, aiming to lower costs and billable rates while opening up future growth opportunities. GovPort is trusted by 10 enterprise primes and 100+ small to mid-sized contractors.
Funding Details
Company: GovPort Technologies, Inc.
Raised: $2.8M
Round: Unknown
Funding Month: July 2024
Lead Investors: PruVen Capital
Additional Investors: Fin Capital
Company Website: https://www.govport.com/
Software Category: Subcontractor Management
Source: https://www.businesswire.com/news/home/20240717578276/en/