California-based startup Pursuit closed a $22 million seed funding round on Wednesday. The round was led by Mike Rosengarten, co-founder of government software company OpenGov. Other investors include prominent venture capitalists Bill Gurley and Jack Altman.
Pursuit develops software that simplifies how private companies sell services to government agencies. The platform automates compliance checks, proposal generation, and contract management. It targets mid-sized businesses that lack in-house teams to handle public sector sales.
Rosengarten confirmed the funding amount and investor list in a company blog post. He previously co-founded OpenGov, which provides financial transparency tools to municipalities. Gurley is a general partner at Benchmark Capital, while Altman leads Altman Capital Partners.
The company plans to use the funds to expand its engineering team and hire sales staff. Pursuit currently operates in California and Texas, with plans to enter three additional states by year-end.
Government contracting remains a $1.2 trillion annual market in the U.S. Many firms avoid it due to complex regulations and slow procurement cycles. Pursuit’s tools aim to reduce entry barriers for smaller vendors.
The seed round follows a $3 million pre-seed round in 2025. Pursuit now has 28 employees and serves over 150 government clients.
Source: techcrunch.com