Despite growing competition from similar platforms like Govly and Hazel, GovDash has raised $12 million from investors, including a $10 million Series A funding round this month. The funds will be used to expand its engineering team, hire additional federal proposal managers, and add new capabilities to the platform. Currently, New York-based GovDash works with around 30 federal contractors across the U.S. and is nearing cash-flow positivity.
Key takeaways:
- Tim Goltser, Curtis Mason, and Sean Doherty founded GovDash, a platform designed to help small businesses secure U.S. government contracts. The platform uses AI to identify potential contracts, read through proposals, and generate contract proposals.
- GovDash was accepted into Y Combinator in 2022 and has since raised $12 million from investors, including a $10 million Series A funding round. The funds will be used to expand the engineering team, hire additional federal proposal managers, and add new capabilities to the platform.
- The platform competes with other companies like Govly and Hazel, which also aim to automate the process of securing government contracts. However, Doherty believes GovDash is well-positioned for expansion.
- Currently, New York-based GovDash works with around 30 federal contractors across the U.S. and is nearly cash-flow positive. The company is focused on building for the long term for its customer base.