# GovInvest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/govinvest

- Industry: Software
- Headquarters: West Hollywood, US
- Website: www.govinvest.com
- Total disclosed funding: $6.3M
- Latest round: Series A (Dec 8, 2022)
- Investors on record: 2

## About

GovInvest Inc. provides analytics-driven solutions focused on optimizing compensation and workforce management for public sector organizations, enhancing transparency and efficiency in their operations.GovInvest Inc. was founded in 2014 and is headquartered in West Hollywood, US. The company specializes in developing software solutions aimed at improving public sector compensation systems. The firm has successfully completed 3 deals, with the most recent funding round being a Series A in December 2022, where it raised USD 4.15 mn led by Level Equity. The company was founded by Jasmine Nachtigall-Fournier and Ted Price, with Michael Fryke serving as the CEO.GovInvest specializes in government compensation and workforce analytics solutions that enhance the efficiency and transparency of public sector compensation systems. Their core offerings include comprehensive software integrating data analytics with compensation management, streamlining payroll processes, analyzing workforce metrics, and ensuring compliance with regulatory standards. These solutions are utilized by various municipalities, state agencies, and federal organizations across the United States, with growing interest in international markets focused on public sector reform.GovInvest generates revenue through subscription-based models and direct partnerships with government agencies. Clients engage the company through long-term contracts that grant access to its suite of analytics tools and support services. The pricing structure accommodates different service levels, tailored to the complexities of the compensation systems managed. Flagship services feature advanced analytics capabilities that assist clients in making informed decisions regarding workforce compensation and management.In December 2022, GovInvest Inc. raised USD 4.15 mn in a Series A funding round, led by returning investor Level Equity. The company plans to utilize the funding to expand its team and client base, as well as support product development initiatives. Upcoming products are in the pipeline, aimed at enhancing current offerings, while the firm is also looking to penetrate new markets, although specific regions have yet to be disclosed.

## Funding rounds

- Series A, Dec 8, 2022, $4.2M — Level Equity
- Seed, Jan 13, 2017, $2.2M — Sinai Ventures

## Investors

- Sinai Ventures (https://capitalatlas.ai/funds/sinai-ventures) — Seed
- Level Equity (https://capitalatlas.ai/funds/level-equity) — Series A