GovPort raises $2.8 million

GovPort announced an investment of $2.8 million from PruVen Capital, the VC firm backed by Prudential, and Fin Capital.

Founded in 2022, GovPort offers a subcontractor management portal for federal contractors who work with the government. The solution helps contractors reduce administrative costs and risk by automating compliance tasks and creating a digital, auditable trail of their subcontractors’ compliance.

“GovPort has built an intuitive tool that seamlessly drives compliance and other workflows across the prime/subcontractor relationship. This system of record reduces costs and billable rates while also unlocking future opportunities.” – Ramneek Gupta, Founder and Managing Partner at PruVen Capital.

“The combination of the highly sensitive nature of the business, heightened awareness of government spending, and a consolidating market means primes must be fully aware and proactive about their compliance requirements. However, contractor compliance monitoring remains inefficient, outdated, and largely ineffective. We believe there is significant opportunity for GovPort to become the go-to platform for government contractors and look forward to partnering with them on their next phase of growth.” – Christian Ostberg, General Partner at Fin Capital.