Bill Gurley, Jack Altman back startup Pursuit, which helps companies sell to government

Pursuit, a startup that helps companies sell to the government, has just announced a whopping 22 million dollar seed round led by Mike Rosengarten, the co-founder of OpenGov, with big-name VCs Bill Gurley and Jack Altman participating, a move that is set to shake up the entire industry. The investment is a significant boost for the company, which aims to simplify the complex process of selling to the government. With this funding, Pursuit plans to expand its team and improve its platform to better serve its clients. The funding is a significant vote of confidence in Pursuit's mission to make it easier for companies to sell to the government. The government is a massive market, with the US government alone spending over 4.4 trillion dollars in 2020, and yet, many companies struggle to navigate the complex process of selling to it. Pursuit's platform aims to simplify this process, making it easier for companies to find and bid on government contracts. Background context Pursuit is not the only company trying to tap into the government market, but its approach is unique. The company uses a combination of technology and human expertise to help companies find and bid on government contracts. The platform provides real-time data on government contracts, as well as tools to help companies manage the bidding process. With the new funding, Pursuit plans to expand its platform to include more features and services, such as training and support for companies looking to sell to the government. What to expect next The future of government contracting is likely to be shaped by startups like Pursuit, which are using technology to simplify the process. The company's funding is a significant milestone, but it is just the beginning. As the company expands its platform and services, it is likely to face increased competition from other startups and established players. However, with the backing of big-name VCs like Bill Gurley and Jack Altman, Pursuit is well-positioned to succeed in this market. The impact on the industry The funding of Pursuit is likely to have a significant impact on the government contracting industry. The company's platform has the potential to disrupt the traditional way of doing business, making it easier for companies to find and bid on government contracts. This could lead to more competition and innovation in the industry, as well as better services and products for the government. The key takeaway The funding of Pursuit is a significant development in the government contracting industry, and it highlights the potential for technology to disrupt traditional markets. With its unique approach and backing from big-name VCs, Pursuit is well-positioned to succeed in this market, and its platform has the potential to make a significant impact on the industry.