About GovPort
GovPort is a company founded in 2022 by Brendon DiBella, Jason Mitchell, and Tonio DeSorrento.. GovPort has raised $5.3 million across 2 funding rounds from investors including NextGen Venture Partners, QED Investors and Humba Ventures. GovPort operates in a competitive market with competitors including KMD, CityBase, Polimorphic, cBrain and Edmunds GovTech, among others.
- Founders Brendon DiBella, Jason Mitchell, Tonio DeSorrento
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Sectors
Government & Social Sector
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.3 M (USD)
in 2 rounds
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Latest Funding Round
$2.8 M (USD), Seed
Jul 17, 2024
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Investors
NextGen Venture Partners
& 5 more
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Employee Count
Employee Count
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Funding Insights of GovPort
GovPort has successfully raised a total of $5.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.8 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.8M
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First Round
First Round
(01 Feb 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - GovPort | Valuation | PruVen Capital , Fin Capital | |
| Feb, 2023 | Amount | Seed - GovPort | Valuation | QED Investors , Humba Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GovPort
GovPort has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include NextGen Venture Partners, QED Investors and Humba Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Humba Ventures is engaged in investing in deep tech startups.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GovPort
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GovPort
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Govport Comparisons
Competitors of GovPort
GovPort operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KMD, CityBase, Polimorphic, cBrain and Edmunds GovTech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software solutions are developed for public and corporate sectors.
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| domain | founded_year | HQ Location |
Cloud-based solutions are provided for streamlining smart city operations.
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| domain | founded_year | HQ Location |
Cloud-based solutions for government operations and administration are provided.
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| domain | founded_year | HQ Location |
Online suite solutions for government operations and administration are provided.
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| domain | founded_year | HQ Location |
Cloud-based software solutions for government financial operations are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Govport
Frequently Asked Questions about GovPort
When was GovPort founded?
GovPort was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Who is the current CEO of GovPort?
Tonio DeSorrento is the current CEO of GovPort. They have also founded this company.
Is GovPort a funded company?
GovPort is a funded company, having raised a total of $5.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 01, 2023.
What does GovPort do?
GovPort was founded in 2022 as a provider of contract management software targeted at government agencies. Compliance for prime contract flowdowns is maintained through automated updates. A secure, centralized file vault is utilized for document access. Subcontractor documentation is handled via the platform, with data protection and privacy measures integrated. Operations focus on streamlining administrative processes in the public sector.
Who are the top competitors of GovPort?
GovPort's top competitors include KMD, Polimorphic and cBrain.
Who are GovPort's investors?
GovPort has 6 investors. Key investors include NextGen Venture Partners, QED Investors, Humba Ventures, Cambrian Fintech, and Pruven.