About GovWell
GovWell is a company based in Brooklyn (United States) founded in 2023 by Troy Lecaire.. GovWell has raised $4.5 million across 1 funding round from investors including Bienville Capital and Work-Bench. GovWell offers products and services including Permits and Plan Review, Code Enforcement, and Planning and Zoning. GovWell operates in a competitive market with competitors including KMD, CityBase, GovPort, Polimorphic and Clue, among others.
- Headquarter Brooklyn, United States
- Founders Troy Lecaire
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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
*********
- Legal Name Govwell Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 1 rounds
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Latest Funding Round
$4.5 M (USD), Seed
Jul 31, 2024
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Investors
Bienville Capital
& 1 more
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Employee Count
Employee Count
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Products & Services of GovWell
GovWell offers a comprehensive portfolio of products and services, including Permits and Plan Review, Code Enforcement, and Planning and Zoning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for marking up documents and real-time collaboration on projects
System for tracking inspections and maintaining community safety
Tool to simplify development processes and staff workflows
Funding Insights of GovWell
GovWell has successfully raised a total of $4.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.5 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 1
- Last Round Seed — $4.5M
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First Round
First Round
(31 Jul 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - GovWell | Valuation | Work-Bench |
| 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 GovWell
GovWell has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Bienville Capital and Work-Bench. 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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Early-stage US tech startups are invested in by Work-Bench.
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Founded Year | Domain | Location | |
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Diversified investment management services are offered by Bienville Capital.
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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 GovWell
| 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 - GovWell
| 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 |
Govwell Comparisons
Competitors of GovWell
GovWell 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, GovPort, Polimorphic and Clue, 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 |
Contract management software for government agencies is developed.
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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 |
Investigation and intelligence management software is offered for various sectors.
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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 |
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| 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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Frequently Asked Questions about GovWell
When was GovWell founded?
GovWell was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is GovWell located?
GovWell is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of GovWell?
Troy Lecaire is the current CEO of GovWell. They have also founded this company.
Is GovWell a funded company?
GovWell is a funded company, having raised a total of $4.5M across 1 funding round to date. The company's 1st funding round was a Seed of $4.5M, raised on Jul 31, 2024.
What does GovWell do?
Provider of software solutions for local government workflow automation. This software streamlines processes such as permits and plan review, allowing for real-time collaboration and automated reporting. The platform is designed to integrate seamlessly across various departments, including building and codes, planning and zoning, code enforcement, licenses and permits, and public works. It aims to reduce paperwork, improve efficiency, and enhance citizen services through intuitive interfaces. The software adapts to existing workflows, minimizing disruption and maximizing ease of use.
Who are the top competitors of GovWell?
GovWell's top competitors include KMD, Polimorphic and cBrain.
What products or services does GovWell offer?
GovWell offers Permits and Plan Review, Code Enforcement, and Planning and Zoning.
Who are GovWell's investors?
GovWell has 2 investors. Key investors include Bienville Capital, and Work-Bench.
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