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Midyear Gov Tech Market Update — ICYMI

Govtech Ventures’ Rachel Stern and Shea and Company’s Jeff Cook discuss the state of the gov tech market during the first half of 2024.

The momentum established by the gov tech market in the second half of 2023 continued into 2024 as we saw a strong start to the year — Q1, which included Cox Enterprise’s $1.8 billion acquisition of OpenGov, marked the fourth quarter of increasing transaction volume and the most active quarter since the first quarter of 2021.

As we approach the midpoint of 2024, gov tech market activity does not appear to be slowing. Indeed, on the very date of this ICYMI episode, private equity firm Bain Capital announced that it was buying PowerSchool for $5.6 billion.

Will we continue to see a variety of transactions rather than a small number and type of them driving volume? Will more data points lead to more deals and more consistency in valuations? Are there any predictable economic or political factors which may affect the market during the remainder of the year?

Dustin Haisler spoke with gov tech market experts Jeff Cook, managing director at Shea and Company, and Rachel Stern, founder and CEO of Govtech Ventures, to discuss the significant market trends they’ve seen to date. They shared their opinions on transactions, funding, areas that investors should be watching and their advice for both startups trying to enter the market and investors who may not have previously considered gov tech.



“In Case You Missed It” is Government Technology’s weekly news roundup and interview live show featuring e.Republic* President Dustin Haisler and Chief Innovation Officer Joe Morris as they bring their analysis and insight to the week’s most important stories in state and local government.

Follow along live Fridays at 12 p.m. PST on LinkedIn and YouTube.

*e.Republic is Government Technology’s parent company.


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Dustin Haisler is the president of Government Technology's parent company e.Republic. Previously the finance director and later CIO for Manor, Texas, a small city outside Austin, Haisler quickly built a track record and reputation as an early innovator in civic tech. As President, Haisler drives exponential growth, implements new ideas and promotes a corporate culture that rewards creativity. Read his full bio.