Tracxn Research: Government Tech Startup Landscape, July 2016

GovTech Report, July 2016
Tracxn
World’s Largest Startup Research Platform
2

Contents
Topic Page No.
Scope of Report 05
Entrepreneur Activity 08
Investment Trend 10
Who is Investing 18
Exit Outlook - IPO, Acquisitions 22
Sub Sector Analysis 25
Interesting Companies 34
Useful Links 40
Company List 42
Team 138
3
3

Illustrative Sectors We Track
ENTERPRISE
INFRASTRUCTURE
CONSUMER
SECURITY
STORAGE
NETWORKING
MOBILITY
IT OPS
CLOUD INFRASTRUCTURE
API MANAGEMENT
BIGDATA INFRASTRUCTURE
FOOD TECH
SECOND HAND GOODS
EDUCATION
TECHNOLOGY
INTERNET OF THINGS
VIRTUAL REALITY
CONSUMER ROBOTICS
WEARABLE TECHNOLOGY
SMART HOMES
DRONES
SMART CARS
3D PRINTING
EDUCATION IT
SELF LEARNING
HEALTHCARE
MOBILE
MOBILE COMMERCE
MOBILE PAYMENTS
MOBILE MARKETING
MOBILE DEV TOOLS
MOBILE HEALTH
MOBILE GAMING
MOBILE LEARNING
MOBILE COMMUNICATION
LIFE SCIENCES
DIGITAL HEALTH
FINTECH
ENTERPRISE
APPLICATIONS
SAAS
ERP
SCM Software
DATA AS A SERVICE
LEGAL TECH
MARKETING TECH
GovTech
BUSINESS INTELLIGENCE
BITCOIN
PAYMENTS

Sector Overview
Scope of report
This report covers companies providing software to government agencies. The companies considered either have government
agencies as the only customers or governments being the major customers. They provide both on-premises and cloud-based
software for government agencies in the areas of administration/operations, service delivery, and civic technology.
Companies that provide consulting services, custom software development services, resellers, IT infrastructure providers and
system integrators are not included in the report.
This report focuses on the following sub-sectors:
The scope of this report includes equity as well as debt funding received by the companies.
Name Descriptions
Suite
Companies offering a suite of software for government agencies to perform internal operations as well as serve citizen
requests
Government Operations Software that helps government agencies in day-to-day internal activities or operations
Citizen Services Software helping government agencies in providing various services to citizens

Market & Funding Insights

Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
7
7

21
29
37
27
26
22
3
0
8
16
24
32
40
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
8
YoY – Number of companies founded
Autogrid Captricity OpenGov PayIt LifeRaft Polco UwaziApp
Bidgely SeamlessDocs Mark43 Valor Water Analytics Documaster Citygram CommunityLogiq

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
9
9

YoY – Number of Rounds and Total Funding
$100M
$30M
$98M
$149M $138M
$306M
$760M
$1.2B
$114M
8 9
11
18
35
43
44 43
17
0
10
20
30
40
50
0
280
560
840
1120
1400
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(inMillions)
Funding Amount Number of Rounds
Note: The funding includes debt rounds also.

YoY – Number of Rounds by Stage

YoY – Funding by Stage

Average Ticket Size – Early Stage

Top investments in last one year

Funnel view of Sector

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
7
17

Most Active Investors in Sector
7 7 7
6 6 6
5 5 5 5
0
1
2
3
4
5
6
7
8
Govtech Fund Knight
Foundation
Lauder Partners City Light Capital Claremont
Creek Ventures
Code for America Bain Capital DFJ Venture Formation 8 Founders Fund
TotalNumberofCompanies
Mark43 PublicStuff SST Inc. SST Inc. SST Inc. Aunt Bertha
Rave Mobile
Safety
WaterSmart
Environmental
OpenGov Palantir
mySidewalk Citymart AmigoCloud Polaris Wireless Neighborly OpenGov

Where are Top Investors investing

Top Investor by Stage of Entry

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
1
21

IPOs
IPO Date Company Overview
Funding
Amount
May-2002 verint.com
Verint
(Melville, 1994)
Security intelligence, anti-fraud, risk & compliance and customer engagement optimization
Mar-2000 onvia.com
Onvia
(Seattle, 1996)
Procurement management and bid notification solutions
Mohr Davidow Ventures, Comdisco, Internet Capital Group, GE Equity, Dominion Ventures $37M
Oct-1999 fabasoft.com
Fabasoft
(Linz, 1988)
Records management for government agencies
Jul-1999 egov.com
NIC Inc
(Olathe, 1991)
Digital services and payment processing for government agencies.
Jun-1996 abmindia.com
ABM Knowledgeware Ltd
(Edinburgh, 1993)
Administration and citizen service solutions
Feb-1970 tylertech.com
Tyler Tech
(Plano, 1966)
End-to-end information systems for local governments

Acquisitions

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
4
24

July 2016Tracxn BlueBox : GovTech
375+ companies in the sector, 86 funded in last 5 years, $1B+ invested in 2015/16

Top Business Models by Funding
$3.0B
$232M
$53M
0
700
1400
2100
2800
3500
Government Operations Suite Citizen Services
TotalFundingAmount(inMillions)
# Cos. 221 24 137
AVG FY 2001.1 1985.1 2007.5
Palantir Accela Lagan Technologies
InterAct911 American Data Group PublicStuff

Government Operations – Business Model
Description

Government Operations – Entrepreneur Activity
and Investment Trend

Government Operations – Most Funded
Companies

Citizen Services – Business Model Description

Citizen Services – Entrepreneur Activity and
Investment Trend

Citizen Services – Most Funded Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
3
33

Interesting Series A Companies
Company Overview Business Model
Total
Funding
granicus.com
Granicus
(1999, Denver)
Cloud-based platform for transparency, process management, legislative
efficiency, and citizen engagement
JMI Equity Fund
Government Operations > Legislative
Management
$10.3M
smartprocure.us
SmartProcure
(2011, Deerfield Beach)
Cloud based repository of government purchase data
New Ground Ventures, Govtech Fund
Government Operations > Procurement
Management
$7.9M
placemeter.com
Placemeter
(2012, New York City)
Platform that senses and unlocks data about activity in physical places
NEA, Qualcomm Ventures, TriplePoint Capital, Techstars, Collaborative
Fund, FundersClub, blisce
Government Operations > Analytics & BI
> Smart Governance
$7.83M
diona.com
Diona
(2012, Dublin)
Mobile solutions for delivering health and human services
ACT Venture Capital, Investec
Citizen Services > Service Delivery $5.5M
predpol.com
PredPol
(2012, Los Angeles)
Crime prediction platform for law enforcement agencies
venturecapital.ucla.edu
Government Operations > Public Safety
Management > Law Enforcement
$3.68M
Curated list of companies by the sector analyst are defined as Interesting

Interesting Series A Companies

Interesting Late Stage Companies

Top Funded Deadpooled Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
9
39

Useful Links
Title Content Platform Link
List of All Companies in readable format Companies Link
Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
IPOs Exit Outlook - IPO, Acquisitions Link
Acquisitions Exit Outlook - IPO, Acquisitions Link
Funded Companies Sub Sector Understand Link
Top Funded Deadpooled Companies Company Link

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
1
41

GovTech – Company List
COVERS THE FOLLOWING SECTORS
Suite Government Operations Citizen Services

Suite (1/6)
Company Details Funding Investors
Accela [San Ramon, 1999]: Accela's civic platform provides both on-premises and cloud
solutions to governments for land, permitting, asset, licensing, right-of-way, legislative
management, and resource and recreation management processes. The solutions are targeted
towards city, county, state, and federal government agencies. Claims to have more than 2200
local and state government customers and more than 50% of cities in the U.S are
permitting/licensing customers. Acquired Publicstuff, Springbook software, and Softright in
2015; Acquired Decade Software Company, Government Outreach, Kinsail, Envista, IQM2,
GeoTMS in 2014.
$231.5M
Wells Fargo, ABRY Partners, Bregal
Sagemount, Landmark Partners,
Karlani Capital, jpelonline.com,
Primary Venture Partner, Bregal
Sagemount
American Data Group [Centennial, 1983]: American Data Group provides web-based software
for local government agencies of all sizes. It offers solutions in the areas of financial processing
& reporting, asset management, payroll & HR management, utility billing services, community
development, sales tax collection, and court management. City of Auburndale, Orange County,
and City of Wheat Ridge are among the customers.
SoftwareSolutions [Dayton, 1978]: Software Solutions provides software for government
agencies. Visual Intelligence Portfolio is a web-based ERP software for government agencies in
the areas of accounting, payroll, and utility billing, performance management, income tax
administration and analytics Provides Utility Customer Information Systems suite for utility
billing, service order management, e-billing, and payment. Louisville, Bartholomew County, and
Georgetown municipal water are among the customers.
HiperWeb [Marietta, 1993]: HiperWeb, developed by PSD Software, provides software for
government agencies. Provides solutions for asset management, work management, materials
management, performance management, utility billing, procurement management,
inspections, strategic planning, and citizen services. Software for utilities, public works,
compliance, administration, and engineering. City of Elberton, City of Griffin, and City of Eden
are among the customers.

Suite (2/6)
Bellamy Software [Edmonton, ]: Bellamy software, a part of Sylogist group, provides a suite of
both web-based and on-premises software for public sector agencies and school districts in
Canada. Provides software for financial management, budgeting, revenue management,
analytics, HR management, operations management, citizen engagement, meeting
management, permitting, and planning.
Cayenta [Burnaby, ]: Cayenta, a subsidiary of Harris Computers, provides financial
management, HR/Payroll systems, Computer Information Systems(CIS), and Operation
Management Systems to government agencies, utilities, and cooperatives. The City of Idaho
Falls, the City of Orangeburg, and Helix water district are among the clients. Acquired by Harris
Computers in June 2004, which is a group company of Constellation Software.
OTS [Thessaloniki, 1993]: OTS provides software for government authorities in the areas of e-
citizen services. Solutions are provided for public accounting, payroll & personnel
management, revenue management, project monitoring, procurement management, and
water management. Solutions are for municipalities, public entities, regions, government
agencies, and decentralized administrations.
FreedomSystems [Montgomeryville, 1986]: Freedom Systems, developed by Magis
Technology Group, provides solutions to local government agencies. CityShare is both web-
based and on-premises software for local government agencies for revenue management,
financial management, tax management, permitting, licensing, code enforcement, employee
management, asset management, and decision-making tools.

Suite (3/6)
Northgate Public Services [Hemel Hempstead, 1969]: Northgate Public Services provides
software, outsourcing, business processing services and document solutions to public sector
clients. Provides software lo local government agencies in the areas of housing, revenue, social
care, citizen relationship management, financial, and utilities billing. Also provides software for
law enforcement agencies called CONNECT. Offers solutions to police and other law
enforcement agencies in the areas of case management, forensics, intelligence, investigation,
and GIS. Has clients in the UK, U.S, Australia, Canada, Ireland, New Zealand, and India. The
public services division of Northgate Information Systems was acquired by Cinven in December
2014 and renamed as Northgate Public Services.
Diamond Municipal [Kelowna, ]: Diamond Municipal provides software for municipalities
across Canada. Provides solutions in the areas of financial management, revenue management,
human capital management, licensing, permitting, community development, and a citizen self-
service portal called Diamond Virtual City Hall. Diamond Smart is a suite for municipalities with
population less than 5000. Claims to be providing solutions to about 260 local government
agencies across Canada. Recognized as Microsoft Dynamics ISV of the year 2012 for Canada.
Acquired CompuPower in 2003 and WorkTech in 2005.
Dallas Data Systems [Pottstown, 1997]: Dallas Data Systems provides municipal mangement
solutions in the areas of financial management, payroll and HR, utilities management, court
management, business tax, business and animal licensing.

Suite (4/6)

Suite (5/6)

Suite (6/6)

Government Operations (1/55)

Citizen Services (1/33)

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
7
137

Team
Vasudev Neehar Chinnam
Lead Analyst, Enterprise Applications

Tracxn Research: Government Tech Startup Landscape, July 2016

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Tracxn Research: Government Tech Startup Landscape, July 2016