The data science start-up is now part of the Beta Innovation Fund portfolio, which will continue to invest in the most promising R&D-based technology companies.
Porto, 14th of February 2023 – Focused on identifying technological start-ups based on early-stage R&D, the Fund’s management team highlights in GovWise the technological potential based on artificial intelligence, a highly motivated team with experience in the sector and the market traction with the potential to scale internationally.
GovWise is a data science company that aims to simplify the public procurement experience by applying artificial intelligence to open public sector data. Its software makes it possible to automate tasks and receive information to support decision-making, which results in hours of work saved, an increase in the sales pipeline and the probability of closing deals.
With this investment, in which Portugal Ventures also co-invested, GovWise will be able to accelerate its growth in new verticals and geographies, while continuing to translate its R&D into new added-value features for its customers.
“GovWise brings to a traditionally manual and complex industry a layer of intelligence on existing data, so that they are relevant to those involved in the public procurement process. The technological potential of the product is great and the team has experience in the market, determining factors for our investment.”, said Roberto Branco, CEO at Beta Capital.
Francisco Figueiredo, Co-Founder and CEO at GovWise, highlighted that “the investment from Beta Innovation Fund will allow us to reinforce our R&D activities to continue product development, allowing our solution to be the most differentiating and the one that generates greater value for all stakeholders in the public procurement process”.
About Beta Capital
Beta Capital is a private and independent venture capital company operating in Portugal since 2003. Since its foundation, Beta Capital has focused on innovative technological projects, strategically financing and supporting the projects and teams in which it invests, so that they reach their potential. Beta Capital team has a vast history and experience in managing venture capital funds and their investment portfolio. Beta Capital cares about the planet, humanity and its stakeholders.
GovWise is a data science company, with professionals with more than 30 years of accumulated experience in govtech, and aims to generate value for public entities and companies that work with the state, applying artificial intelligence on the open data of the sector public.
Click here to know more at GovWise website.