OmniSync Raises $1M in a 100% Oversubscribed Seed Round to Streamline the Federal Grants Ecosystem
Summary
The San Francisco-based investors mission is to harness transformers, technology, and capital to enable governments to become more efficient, more responsive, and better able to serve society. "We invest in founders who are obsessed with software that streamlines and modernizes government processes," said Ron Bouganim, Managing Partner at Govtech Fund. Other strategic VCs included General Inception that invests in and often co-creates new companies with emerging science and engineering pioneers from university research, national labs, FFRDCs, and industrial R&D centers around the world. ), Excel Ventures, and strategic angels like SBIR Advisors (former contracting officers from Federal agencies like DoD and NASA) and Richard Lin (founder of Explora BioLabs, and Chairman of the Board at LaunchBio), who said "As a long-standing member of the local biotech community, I know many of my colleagues heavily rely on SBIR grants to fund highly innovative, and thus risky, research that would otherwise not be funded by regular investors. The company will utilize the funds to scale TurboSBIR and add new capabilities to make grants more inclusive and accessible to applicants nationwide.