Govly Secures $9.5M in Series A Funding

USA, San Francisco-based Govly has raised $9.5 million in Series A funding, bringing the total amount to $13.1 million. The funding round, led by Insight Partners with participation from YCombinator, FundersClub, and NordicEye, will be used to develop new products for the market network. Govly, founded by Mike Weiland, aims to simplify, bring transparency, and foster competitiveness in public sector procurement. The platform enables users to easily discover, track, and analyze contract requirements from various sources, facilitating collaboration and stakeholder coordination throughout the procurement process. With clients including Hewlett Packard Enterprise, Nutanix, and CDW-Gm, Govly plans to expand its platform to serve the US SLED (State, Local, Education) market and government contractors globally.