Washington DC — CivStart, a nonprofit with a mission to spark innovation in state and local government, is thrilled to announce a strategic three-year partnership with Advantage Capital, a prominent investment firm dedicated to bringing business, technologies, and jobs to communities that have historically lacked access to investment capital. This collaboration aims to enhance funding opportunities and support for high-impact startups dedicated to revolutionizing government operations through technology.
Through this partnership, CivStart and Advantage Capital are committed to leveraging substantial capital investment in the govtech sector for faster deployment and higher impact. The partnership provides startups with unique opportunities to engage with transformative projects.
"Our alliance with Advantage Capital is a game-changer for the ecosystem," said Anthony Jamison, CEO at CivStart. "It enables us to draw in more ventures that are at the forefront of govtech innovation and ready to scale up their solutions."
This partnership is another example of the robust investment opportunities in government technology and the opportunities for experienced govtech investors like Advantage Capital as well as investors seeking to learn more about B2G opportunities through CivStart's growing Venture Partner Network. By collaborating with CivStart, investors like Advantage Capital gain access to a vetted pipeline of startups positioned to meet modern governance's pressing needs.
"Partnering with CivStart provides us a strategic advantage in identifying and scaling next-generation tech solutions in the public sector," said Ryan Brennan, Managing Director at Advantage Capital. “Through this partnership, we see tremendous opportunity for us to provide catalyzing investments for the future of government.”
Targeted Investment Focus on Underrepresented Communities
Advantage Capital is specifically looking to make strategic investments in startups based in 12 states, including Nevada, Utah, Nebraska, Oklahoma, Illinois, Missouri, Louisiana, Mississippi, Kentucky, Ohio, Pennsylvania and Connecticut. This targeted approach allows for focused growth and development of govtech solutions that cater to these regions' unique needs and opportunities.
The partnership adds another compelling benefit for startups in CivStart’s network. With enhanced access to capital and a network of seasoned investors like Advantage Capital and others, startups can accelerate their growth and increase their impact on public services.
Looking Ahead: A Three-Year Roadmap for Transformation
Over the next three years, CivStart and Advantage Capital will focus on identifying and supporting a broad range of startups that promise to enhance efficiency, transparency, and public engagement through innovative tech solutions. The partnership will also feature joint participation in key industry events and targeted support for growth-stage companies. We invite more venture partners and innovative startups to join us in this exciting journey to redefine what is possible in government technology. We will build a more responsive, efficient, and inclusive public sector.
For more information, please visit CivStart.org or contact Nick Lyell at nick@civstart.org.
About CivStart
CivStart is dedicated to fostering innovation in government technology by supporting startups that bring groundbreaking solutions to local government challenges. Through its comprehensive accelerator program, CivStart helps young companies navigate the public sector landscape, refine their products, and scale effectively.
About Advantage Capital
Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4 billion in more than 900 companies to support more than 67,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.
Advantage Capital is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. This document has been prepared for informational purposes. Any offer to sell or solicitation of an offer to purchase any security or investment product will be made only to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Only such definitive offering materials may be relied upon in connection with any decision to invest in a fund advised by Advantage Capital. Advantage Capital is an equal opportunity provider.
Neither CivStart nor any of its affiliates is a current client of Advantage Capital or any of its affiliates or an investor in any private funds advised by Advantage Capital or any of its affiliates. Advantage Capital has paid CivStart a fee in connection with the above-referenced strategic partnership (the “partnership”). While there is an incentive for CivStart to support Advantage Capital as part of the partnership in an effort to help Advantage Capital establish relationships with startups and growth-stage companies, Advantage Capital is not aware of any other material conflicts of interest arising from either party’s relationship with Advantage Capital or its affiliates.
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