Ron Bouganim Invests $23M in Government Tech Venture Fund

Ron Bouganim, a technology entrepreneur, has put forward an initial investment of $23 million into a venture fund as he seeks to help the federal government update its technology infrastructure, the Washington Post reported Monday.

Nancy Scola writes the Govtech Fund seeks to invest in companies that have the potential to land technology-related contracts with the federal government.

The venture fund has already funded Kansas City-based MindMixer, New York City-based paperless-document provider Seamless Docs, San Francisco, California-based digital mapping company Amigo Cloud and Deerfield, Florida-based online marketplace SmartProcure, according to the report.

Bouganim launched Govtech Fund with Tim O’Reilly, the Post reports.

Scola writes Bouganim started in the government technology business as a volunteer with the nonprofit Code for America, which he and O’Reilly helped establish in 2012.