GovPort, a Fairfax, VA-based provider of a SaaS subcontractor management portal, raised $2.8M in funding.
The round, which brought the total amount to $5.3M, was led by PruVen Capital and Fin Capital. Existing investors included QED Investors, Humba Ventures, Cambrian Ventures, and NextGen Venture Partners.
The company intends to use the funds to expand operations and its development efforts.
GovPort is a SaaS subcontractor management portal for federal prime contractors to reduce administrative costs and risk by automating compliance tasks and creating a digital, auditable trail of their subcontractors’ compliance. Subcontractors populate and maintain their own records, with automated reminders of expirations, deadlines, and deliverables.
FinSMEs
17/07/2024