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I have a pleasure to recall that, ABI Research finds that Urbantech, Civictech, and GovTech are quickly becoming established terms for designating the overall smart city ecosystem, technology, and investment environment.
Key smart city venture capital players include Fontinalis Partners, General Catalyst Partners, Goldman Sachs, GovTech Fund, Lightspeed Venture Partners, Motorola Solutions Venture Capital, New York Angels, and Vista Equity Partners.
The groups invest in technology vendors like law enforcement information management software vendor Mark43 and smart communication solutions provider Avaya. GovTech merger and acquisition activity is also ramping up, as evident through OpenGov’s acquisition of Open Data and Ontodia.